Parag Milk Foods Share Price Surges Over 17% After Q2 FY27 Earnings Results; Revenue Hits Record ₹1,241 Crore

Parag Milk Foods reported its highest-ever quarterly revenue in Q2 FY27, with revenue rising 23% year-on-year to ₹1,241 crore. Volumes during the quarter grew 12%. 

The company also cleared investments worth around ₹205 crore to expand its paneer and cheese manufacturing capacity. 

Q2 Profitability Improves 

EBITDA stood at ₹101 crore during the quarter. Excluding a one-off item recorded in the previous year, EBITDA was up 37% year-on-year, while the margin improved to 8.1%. 

Profit after tax came in at ₹42 crore. On a comparable basis, excluding the previous year's one-off item, PAT grew 42% year-on-year. 

Key Dairy Categories Bring in ₹778 Crore 

Ghee, cheese, paneer and curd remained the biggest contributors during the quarter, generating ₹778 crore and accounting for 63% of total revenue. 

These categories recorded 20% value growth, while paneer reached its highest-ever quarterly volumes. The HoReCa cheese business also reported double-digit growth. 

New Age Business Sees Strong Growth 

Revenue from the New Age Business, which includes Pride of Cows and Avvatar, rose 71% year-on-year to ₹154 crore. 

The segment's contribution to overall turnover increased to 12%, compared with 9% in the corresponding period last year. 

₹205 Crore Capacity Expansion Planned 

The Board approved around ₹100 crore to increase paneer capacity from 20 MT per day to 80 MT per day across the Manchar and Palamaner facilities. The new capacity is expected to be commissioned by June 2027. 

Another ₹105 crore has been approved to double cheese capacity from 60 MT per day to 120 MT per day, with completion targeted in FY28. 

Read More: BHEL Share Price Surges Over 6% as it Secures Up to ₹28,000 Crore Orders From Adani Power for Four Projects 

Parag Milk Foods Share Price Performance  

As of 04 November 2026, at 3:05 PM, Parag Milk Foods Ltd share price is trading at ₹287.70 per share, reflecting a surge of 15.30% from the previous trading session. 

Conclusion 

Parag Milk Foods closed Q2 FY27 with record revenue and stronger comparable operating performance. The company is now backing demand in its key dairy categories with fresh capacity additions, committing around ₹205 crore towards paneer and cheese expansion over the coming period. 

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