Parag Milk Foods Share Price | The company’s profit after tax gained 166.8% to ₹26.2 crore in the March quarter in comparison to ₹9.82 crore in the previous year.
Shares of Parag Milk Foods gained over 15% on Monday, May 5, after the company reported its fourth quarter results over the weekend.
Parag Milk Foods’ profit after tax gained 166.8% to ₹26.2 crore in the March quarter in comparison to ₹9.82 crore in the previous year.
The company’s revenue increased 16.2% to ₹918.25 crore in the fourth quarter from ₹790.11 crore in the previous year. Its gross margin was at 25.1% in comparison to 25.2% in the fourth quarter of FY24.
The company’s earnings before interest tax depreciation and amortisation (EBITDA) increased 67.7% to ₹62 crore from ₹37 crore in the March quarter of FY24.
The company’s fourth quarter volume growth was at 13%. As much as 57% revenue was generated from its core categories. Meanwhile, 6% revenue came in from new age premium businesses, which grew 29%.
Milk prices have witnessed gains with each quarter, from ₹31 per litre in the first quarter, ₹33 per litre in the second quarter, ₹34 per litre in the third quarter to ₹37 per litre in the March quarter of FY25.
The company said it took a price hike of ₹2 per litre, with effect from May 1, 2025, due to rising procurement and input costs.
Shares of Parag Milk Foods Ltd gained 15.3% to hit an intraday high of ₹209.9 apiece on Monday, May 5. The stock was up 14.07% at ₹207.63 apiece at 1.55 pm. It has gained 20.14% in the past month.
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