Parag Milk Foods Q2 FY27 consolidated revenue Rs 1,240.89 crore

What the numbers show

• Net margin was 3.38% of revenue, down 114 bps from 4.53%.
• Revenue rose 23.1% while total expenses rose 21.7%.
• Cost of materials took 83.3% of revenue, against 78.5% a year earlier.

• Revenue from operations (Q2 FY27): Rs 1,240.89 cr (Q2 FY26: Rs 1,007.95 cr)

• Other income (Q2 FY27): Rs 1.89 cr (Q2 FY26: Rs 18.03 cr)

• Total income (Q2 FY27): Rs 1,242.78 cr (Q2 FY26: Rs 1,025.98 cr)

• Cost of materials consumed (Q2 FY27): Rs 1,034.18 cr (Q2 FY26: Rs 791.17 cr)

• Changes in inventories of finished goods, stock-in-trade and work-in-progress (Q2 FY27): Rs (116.04) cr (Q2 FY26: Rs (43.52) cr)

• Employee benefits expense (Q2 FY27): Rs 46.75 cr (Q2 FY26: Rs 42.69 cr)

• Finance costs (Q2 FY27): Rs 26.58 cr (Q2 FY26: Rs 20.03 cr)

• Depreciation and amortisation expense (Q2 FY27): Rs 18.85 cr (Q2 FY26: Rs 18.75 cr)

• Other expenses (Q2 FY27): Rs 177.29 cr (Q2 FY26: Rs 146.37 cr)

• Total expenses (Q2 FY27): Rs 1,187.61 cr (Q2 FY26: Rs 975.49 cr)

• Profit before tax (Q2 FY27): Rs 55.17 cr (Q2 FY26: Rs 50.49 cr)

• Profit for the period after tax (Q2 FY27): Rs 42.00 cr (Q2 FY26: Rs 45.65 cr)

• Other comprehensive income, net of tax (Q2 FY27): Rs 0.08 cr (Q2 FY26: Rs 1.40 cr)

• Total comprehensive income (Q2 FY27): Rs 41.92 cr (Q2 FY26: Rs 44.25 cr)

• Paid-up equity share capital (Q2 FY27): Rs 125.14 cr (Q2 FY26: Rs 124.94 cr)

• Basic EPS (Q2 FY27): Rs 3.36 (Q2 FY26: Rs 3.83)

• Diluted EPS (Q2 FY27): Rs 3.29 (Q2 FY26: Rs 3.57)

According to the statement of unaudited consolidated financial results for the quarter ended 30-Sep-26, Parag Milk Foods reported higher revenue from operations of Rs 1,240.89 cr compared with Rs 1,007.95 cr in the corresponding quarter ended 30-Sep-25. Total income rose to Rs 1,242.78 cr from Rs 1,025.98 cr over the same period.

On the cost side, cost of materials consumed increased to Rs 1,034.18 cr from Rs 791.17 cr, while changes in inventories of finished goods, stock-in-trade and work-in-progress moved to Rs (116.04) cr from Rs (43.52) cr. Employee benefits expense rose to Rs 46.75 cr from Rs 42.69 cr, finance costs to Rs 26.58 cr from Rs 20.03 cr, and other expenses to Rs 177.29 cr from Rs 146.37 cr. Total expenses for the quarter were Rs 1,187.61 cr versus Rs 975.49 cr a year earlier.

Profit before tax for Q2 FY27 stood at Rs 55.17 cr, up from Rs 50.49 cr in Q2 FY26. Profit for the period after tax was Rs 42.00 cr compared with Rs 45.65 cr in the corresponding prior quarter. Total comprehensive income for the quarter was Rs 41.92 cr versus Rs 44.25 cr a year ago. Basic earnings per share were Rs 3.36 against Rs 3.83, and diluted earnings per share were Rs 3.29 against Rs 3.57, as reported in the statement of financial results.