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05-May-2025

Parag Milk Foods

Focus on new product launches, premiumization, and distribution reach to drive growth ahead


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Parag Milk Foods hosted a conference call on May 5, 2025. In the conference call, the company was represented by Mr. Devendra Shah- Chairman, and Mr Rahul Kumar Srivastava-Chief Operating Officer.

Key takeaways of the call

In Q4 FY25, the company reported 13% YoY volume growth and its highest-ever quarterly revenue.

In FY25, the business witnessed volume growth of 10% YoY aided by healthy volume growth in its core categories. The core categories of mainly Ghee, Cheese and Paneer have witnessed a volume growth of 18% YoY for Q4FY25 and 17% YoY for FY25.

The overall business growth was largely broad-based with all new age channels growing.

In FY25, core categories contributed 57% to revenue, Liquid milk 10%, Ingredients & SMP 17%, new age business 6%, and others 10%.

The average milk prices during Q4FY25 were at Rs 37/ litre; ...



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