Parag Milk Foods achieves record Q1 revenue of INR852cr

Parag Milk Foods Limited achieved record first-quarter revenue of INR852 crores in Q1 FY26, marking 12% year-over-year growth.

The company's new age business, including brands Avvatar and Pride of Cows, contributed 9% of total revenue (up from 6% last year) with 57% year-over-year growth.

Core categories including cheese, ghee and paneer grew 9% in volume and 14% in value, now contributing 57% of total revenue. Gross profit margins improved to 27.4% from 25.1% in the previous quarter.