'For
the quarter ending March 2024, consolidated net sales (including other operating income) of Parag Milk Foods has declined 1.35% to Rs 790.12 crore compared to quarter ended March 2023. Operating profit margin has declined from 4.66% to 4.62%, leading to 2.20% decline in operating profit to Rs 36.49 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 78.65% to 75.20%. Employee cost increased from 3.20% to 4.11%. Other expenses rose from 13.49% to 16.02%. Other income fell 16.03% to Rs 7.65 crore. PBIDT fell 4.91% to Rs 44.14 crore. Provision for interest rose 31.50% to Rs 16.03 crore. Loan funds rose to Rs 644.70 crore as of 31 March 2024 from Rs 606.24 crore as of 31 March 2023. Inventories rose to Rs 615.32 crore as of 31 March 2024 from Rs 573.55 crore as of 31 March 2023. Sundry debtors were higher at Rs 244.26 crore as...
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