Parag Milk Foods LimitedNew
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Business Snapshot
06 MarSee moreHide details
Business Snapshot
About
Parag Milk Foods is a dairy FMCG pioneer, offering nutrition products under brands like Gowardhan and Go.
Parag Milk Foods is a leading organized dairy FMCG company in India. It markets dairy and nutrition products made from 100% cow's milk under brands such as Gowardhan, Go, Pride of Cows, and Avvatar. The company emphasizes quality, innovation, and a strong connection with over half a million rural farmers.
Revenue Breakdown
By Segment
Core categories
Top disclosedIncludes products like Ghee, Cheese, and Paneer.
Ingredients & SMP
Includes dairy ingredients and skimmed milk powder.
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New age business
9%Includes premium brands like Pride of Cows and Avvatar Sports Nutrition.
Liquid milk
9%Refers to fluid milk products.
Others
9%Represents miscellaneous product categories.
Quarterly Score
Score trend
12 quartersLatest 12 quarters, oldest to newest. Click a point to inspect that quarter.
Quarter
Q3 FY2026
LatestNeutral / BalancedQuarter summary
- Successfully pivoted the portfolio mix with the high-margin nutrition segment (Avvatar/Pride of Cows) reaching a significant scale of INR 400 Cr+ annualized run rate.
- Navigated severe raw material inflation (20% YoY) through disciplined pricing, including a February 2026 price hike in the premium Gowardhan Ghee category to defend margins.
Rationale
- Delivered record quarterly revenue of >INR 1,000 Cr (+14% YoY) with healthy volume growth of 8%, supported by a 12% volume increase in core categories (Ghee, Cheese, Paneer).
- The 'New Age' business (Avvatar, Pride of Cows) demonstrated exceptional hyper-growth of 123% YoY, crossing the INR 100 Cr quarterly mark and increasing its revenue mix to 9% (vs 6% YoY), signaling a successful structural shift toward high-margin nutrition products.
Latest quarter context.
Future Growth Prospects
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Guidance History
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