Business description: Parag Milk Foods Limited

Parag Milk Foods Limited is an India-based dairy fast-moving consumer goods (FMCG) company. The Company is engaged in the business of procurement of cow milk mainly in the western and southern regions. It undertakes the processing of milk and the manufacture of various products, namely cheese, butter, ghee, milk powder, flavored milk, lassi, curd, and others. Its brands include Gowardhan, under which it offers ghee, milk, paneer, dahi, curd, butter, dairy whitener and gulab jamun mix; Go, under which it offers processed and natural cheeses, cheese spreads, beverages, and other dairy delights; Pride of Cows, under which ghee, paneer, and curd are sold; Topp Up, which is a flavored milk with extra proteins, and Avvatar, which is a nutrition brand, offers vegetarian whey protein. Its manufacturing facilities are located at Maharashtra, Andhra Pradesh, and Haryana. Its subsidiary is Bhagyalaxmi Dairy Farms Private Limited.

Number of employees: 1,969

Sales by Activity: Parag Milk Foods Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

Processing of Milk and Manufacturing of Milk Related Products

1.84TCr 2.07TCr 2.89TCr 3.14TCr 3.43TCr

Geographical breakdown of sales: Parag Milk Foods Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

India

1.81TCr 2.04TCr 2.86TCr 3.1TCr 3.24TCr

Outside India

33Cr 29Cr 31Cr 37Cr 87Cr

Executive Committee: Parag Milk Foods Limited

Manager TitleAgeSince
Chief Executive Officer 56 29/12/1992
Chief Operating Officer - -
Compliance Officer 42 18/10/2022
Investor Relations Contact - -
Corporate Officer/Principal - 16/05/2025

Composition of the Board of Directors: Parag Milk Foods Limited

Director TitleAgeSince
Chairman 62 29/12/1992
Director/Board Member 56 29/12/1992
Director/Board Member - 25/12/2022
Director/Board Member 54 20/08/2021
Director/Board Member 62 25/12/2022
Director/Board Member - 22/05/2025
Director/Board Member 60 22/05/2025

Shareholders: Parag Milk Foods Limited

NameEquities%Valuation
16.15 %
2,02,06,400 16.15 % 48 M ₹
11.08 %
1,38,67,027 11.08 % 33 M ₹
7.321 %
91,59,888 7.321 % 22 M ₹
PEANENCE COMMERCIAL PRIVATE LIMITED
4.647 %
58,14,121 4.647 % 14 M ₹
International Finance Corp. (Investment Company)
4.583 %
57,33,713 4.583 % 14 M ₹

Company details: Parag Milk Foods Limited

Parag Milk Foods Ltd.

Nirmal Building

400021, Mumbai

+91 21 3322 4761

http://www.paragmilkfoods.com
address Parag Milk Foods Limited(539889)

Group companies: Parag Milk Foods Limited

NameCategory and Sector
Agricultural Commodities/Milling
Agricultural Commodities/Milling

Dairy Products

Change 5d. change 1-year change 3-years change Capi.($)
+0.37%+0.43%+7.69%+110.00% 28Cr
-0.18%+2.00%-6.13%-5.91% 2.61TCr
+1.31%+3.61%-2.09%-44.63% 870.37Cr
+0.96%+14.57%+76.53%+56.72% 790.29Cr
-1.41%-3.89%-19.54%-17.97% 649.71Cr
+0.23%+3.60%+41.79%+132.26% 618.98Cr
-0.18%-1.33%+17.13%-26.25% 604.96Cr
+1.59%+1.09%+2.21%-11.97% 563.09Cr
+0.15%-1.52%+64.92%+36.37% 552.1Cr
-0.83%-1.64%+2.56%-13.65% 481.16Cr
Average +0.25%+0.11%+18.51%+21.50% 777.08Cr
Weighted average by Cap. +0.15%+0.88%+13.48%+7.04%
Trader
Investor
Global
Quality
-
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
218.75INR
Average target price
310.00INR
Spread / Average Target
+41.71%

Quarterly revenue - Rate of surprise

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