Mumbai, January 30, 2025 – Parag Milk Foods Limited (NSE: PARAGMILK, BSE: 539889), a leading dairy and FMCG company in India, has reported its unaudited financial results for the quarter and nine months ended December 31, 2024, showcasing robust growth in revenue and profitability.
Key Financial Highlights (Q3 FY25 & YTD FY25)
| Financial Metrics | Q3 FY25 | YoY Growth | YTD Dec FY25 | YoY Growth |
|---|---|---|---|---|
| Revenue (₹ Cr) | 885 | 10% | 2,514 | 7% |
| EBITDA (₹ Cr) | 79 | 13% | 218 | 20% |
| EBITDA Margin | 9.0% | Up 20 bps | 8.7% | Up 100 bps |
| Profit Before Tax (₹ Cr) | 38 | 15% | 100 | 38% |
| Profit After Tax (₹ Cr) | 36 | 6% | 93 | 15% |
Segment-Wise Performance & Business Highlights
- Strong Volume Growth: The company witnessed an 11% YoY increase in sales volume, with core dairy products like Ghee, Cheese, and Paneer showing a combined volume growth of 15% in Q3 and 17% YTD FY25.
- Market Share Gains:
- Gowardhan Ghee now commands a 22% market share in the branded cow ghee segment.
- Go Cheese retains a 35% market share in the cheese category.
- Raw Material Costs: Average milk procurement prices stood at ₹34/litre in Q3 (up 4% YoY) and ₹32/litre YTD (down 11% YoY), supporting margin expansion.
- New-Age Business Expansion:
- Avvatar Whey Protein (D2C brand) recorded an impressive 69% YoY growth.
- Pride of Cows (Premium Dairy) strengthened its presence in retail and e-commerce, expanding into Zepto and Blinkit.
- Brand Initiatives:
- Gowardhan Ghee continued its association with Kaun Banega Crorepati (KBC).
- Go Cheese partnered with Big Boss for brand visibility.
- Influencer collaborations and digital campaigns amplified consumer engagement.