'For quarter ending June 2024, consolidated Net sales (including other operating income) of Parag Milk Foods has increased 1.11% to Rs 757.93 crore compared to quarter ended June 2023. Operating profit margin has jumped from 5.38% to 7.36%, leading to 38.31% rise in operating profit to Rs 55.81 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 79.34% to 72.82%. Employee cost increased from 3.38% to 4.43%. Other expenses rose from 12.08% to 15.32%.
Other income fell 10.10% to Rs 5.52 crore. PBIDT rose 31.92% to Rs 61.33 crore. Provision for interest rose 14.08% to Rs 18.88 crore.
PBDT rose 41.78% to Rs 42.45 crore. Provision for depreciation rose 5.89% to Rs 15.64 crore.
Profit before tax grew 76.73% to Rs 26.81 crore. Share of profit/loss were nil in both the periods. Provision for tax was cr...
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