Parag Milk Foods Limited, a leading Indian dairy company, announced its financial results for Q2 and H1 FY25, ending September 30, 2024. The company posted significant revenue and profitability growth, driven by robust volume performance in key dairy categories.
Parag Milk Foods registers 10% volume growth in Q2
“We continue to focus on delivering top-quality, innovative products catering to evolving consumer needs,” said Devendra Shah, Chairman of Parag Milk Foods. “Our highest-ever sales of INR 871 crores in revenue is a testament to growing consumer trust. We’re committed to purity, innovation, and quality.”
Continue Exploring: Zomato introduces ‘Book Now, Sell Anytime’, allows users to resell event tickets
Notably, the company’s financial performance was impressive, with Q2 revenue reaching INR 871 crore, representing a 10% volume growth and 9% value growth. Gross Profit Margin (GPM) remained stable at 23%, while EBITDA increased by 25% year-on-year to INR 76 crore. Profit After Tax (PAT) grew by 16% to INR 29 crore.
For the first half of FY25, Parag Milk Foods reported revenue of INR 1629 crore, with an 11% volume growth and 5% value growth. GPM improved by 2.6% to 24.8%, while EBITDA increased by 26% to INR 138 crore. PAT grew by 21% to INR 57 crore.
Parag ltd. dairy categories sees 17% volume increase
Meanwhile, the company’s key dairy categories, including Ghee, Cheese, and Paneer, drove growth with a 17% volume increase in Q2 and 18% in H1. Gowardhan Ghee and Go Cheese maintained market leadership with a 22% and 35% market share, respectively.
Continue Exploring: Simpli Namdhari’s introduces “Vocal for Local” to empower Karnataka’s local FMCG brands
Furthermore, Parag Milk Foods’ newer business segments, Avvatar and Pride of Cows, also showed promising growth. Avvatar, the Direct-to-Consumer brand, recorded a 98% year-on-year growth in H1, while Pride of Cows continued to expand its product range and distribution network.
“We have built this company on trust and quality, and I’m proud to see that legacy continue to grow,” concluded Shah.
With a robust pipeline for new product developments, Parag Milk Foods aims to reach its ambitious INR 10,000 crore revenue target, driven by innovation, quality, and customer-centric products.
