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05-Feb-2026

Parag Milk Foods

EBITDA margin declined due to commodity cost inflation


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Parag Milk Foods hosted a conference call on Feb 5, 2026. In the conference call, the company was represented by Mr. Ankit jain- Chief Strategy Officer (CSO), and Mr Rahul Kumar Srivastava-Chief Operating Officer.

Key takeaways of the call

In Q3 FY26, the company delivered its highest quarterly revenue of Rs 1,013 crore, up 14% YoY. This growth is backed by volume growth of 8% YoY. The core categories of mainly Ghee, Cheese and Paneer have witnessed a volume growth of 12% and value growth of 21% YoY.

The company’s flagship brand Gowardhan Ghee commands 22% market share in the branded cow ghee segment, while the brand “Go Cheese” commands 35% market share in the Cheese category.

New age business (Pride of Cows and Avvatar) continued its momentum and recorded robust 123% YoY growth, during Q3 FY26 crossing Rs 100 crore quarterly revenues for the first time. The new age bu...



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