Parag Milk Foods shares extend 2025 gains to 90% after gross margin, topline growth in Q2

Shares of Parag Milk Foods Ltd. surged as much as 16% on Wednesday, November 12, extending gains for a second consecutive session after the company reported a robust set of earnings for the September quarter, led by healthy revenue growth and improved profitability.

Parag Milk's revenue rose 15.7% year-on-year to ₹1,007.9 crore from ₹871.3 crore, while net profit jumped 56.3% year-on-year to ₹45.7 crore from ₹29.2 crore.

EBITDA increased 18% to ₹71.2 crore compared to ₹60.4 crore a year earlier. Margins expanded slightly to 7.1% from 6.9% in the same period.

Gross margins expanded to 25.8% from 23.6% a year ago.

The company reported 10% year-on-year volume growth, led by strong performance in its core categories of ghee, cheese, and paneer, which saw 23% value growth and 14% volume growth.

Core categories contributed 59% to overall revenue.

Premium brands such as Pride of Cows and Avvatar accounted for 9% of the total business, while new-age business revenue jumped 79% year-on-year, reflecting continued traction in value-added and premium segments.

Parag Milk shares are now trading 13.52% higher at ₹356.95. On a year-to-date basis, the stock has jumped 90%.