Parag Milk Foods Limited reported earnings results for the third quarter and nine months ended December 31, 2024. For the third quarter, the company reported sales was INR 8,847.2 million compared to INR 8,008.4 million a year ago. Revenue was INR 8,907.5 million compared to INR 8,066.9 million a year ago. Net income was INR 360.7 million compared to INR 341.6 million a year ago. Basic earnings per share from continuing operations was INR 3.03 compared to INR 2.91 a year ago. Diluted earnings per share from continuing operations was INR 2.89 compared to INR 2.79 a year ago.
For the nine months, sales was INR 25,139.6 million compared to INR 23,485.9 million a year ago. Revenue was INR 25,326.3 million compared to INR 23,661.5 million a year ago. Net income was INR 925.8 million compared to INR 807.7 million a year ago. Basic earnings per share from continuing operations was INR 7.77 compared to INR 6.88 a year ago. Diluted earnings per share from continuing operations was INR 7.41 compared to INR 6.64 a year ago.
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 western and southern region, undertakes processing of milk and manufacture of various value-added 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 products, such as fresh cream, UHT milk, go colo power, buttermilk and go lassi, cheese, milkshakes, and badam milk; Pride of Cows, under which premium quality milk is sold and Topp Up, which is a flavored milk with extra proteins that is available in six Indian flavors, namely elaichi, mango, rose, strawberry, pista, and butterscotch. Its manufacturing facilities are located at Maharashtra, Andhra Pradesh, and Haryana. Its subsidiary is Bhagyalaxmi Dairy Farms Private Limited.
