Parag Milk Foods Limited (PARAGMILK.NS) Q1 2024 Earnings Report

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Parag Milk Foods Limited

PARAGMILK.NS

INR300.80 -2.56%

Exchange: NSE | Sector: Consumer Defensive | Industry: Packaged Foods

Q1 2024

Published: Jun 30, 2024

Earnings Highlights

Revenue of $7.58B up 1.1% year-over-year
EPS of $2.17 increased by 25.1% from previous year
Gross margin of 20.5%
Net income of 273.00M
"Our focus on premium quality products and innovative marketing strategies has helped us penetrate new market segments and enhance customer loyalty." - CEO

PARAGMILK.NS

Parag Milk Foods Limited

Period Q1 2024

Currency INR

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Parag Milk Foods Limited experienced significant improvements in financial performance during Q1 2024, driven by operational efficiency and strategic initiatives that enhanced profitability metrics. The company reported a revenue of â‚¹7,579.3 million, marking a year-on-year increase of 1.11%, although there was a minor quarter-on-quarter decline of 4.07%. Notably, the net income soared by 27.93% year-on-year, reaching â‚¹273 million, with earnings per share (EPS) rising sharply by 25.14% to â‚¹2.29.

The management expressed optimism regarding the company's growth prospects, attributing improved operating income to tight cost control measures and increased market penetration of their premium offerings. Overall, the robust net income growth reflects effective strategies in pricing and product diversification, positioning Parag Milk Foods favorably for continued expansion in the competitive consumer defensive sector.

Key Performance Indicators

Revenue

Increasing

7.58B

QoQ: -4.07% | YoY: 1.11%

Gross Profit

Decreasing

1.55B

20.48% margin

QoQ: 5.30% | YoY: -3.20%

Operating Income

Increasing

1.71B

QoQ: 679.84% | YoY: 567.67%

Net Income

Increasing

273.00M

QoQ: 178.20% | YoY: 27.93%

EPS

Increasing

2.29

QoQ: 172.62% | YoY: 25.14%

Revenue Trend

Margin Analysis

Financial Highlights

### Revenue Performance
- Total Revenue: â‚¹7,579.3 million, YoY increase of 1.11%, QoQ decrease of 4.07%.

### Profitability Metrics
- Gross Profit: â‚¹1,552.3 million, down 3.20% YoY, up 5.30% QoQ.
- Operating Income: â‚¹1,708.7 million, a remarkable increase of 567.67% YoY, and 679.84% QoQ.
- Net Income: â‚¹273 million, up 27.93% YoY, significantly improved by 178.20% QoQ.
- EPS: Increased to â‚¹2.29, an impressive 25.14% YoY and 172.62% QoQ.

Overall, this quarter's performance demonstrates a strong upward trend in profitability despite minor revenue fluctuations, reflecting strategic cost management and operational excellence.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	7.58B	1.11%	-4.07%
Gross Profit	1.55B	-3.20%	5.30%
Operating Income	1.71B	567.67%	679.84%
Net Income	273.00M	27.93%	178.20%
EPS	2.29	25.14%	172.62%

Key Financial Ratios

Gross Profit Margin

Fair

20.50%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Good

22.50%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Fair

3.60%

Net profit margin is moderate, room for improvement in cost management

Return on Equity

Weak

2.99%

Return on equity suggests inefficient capital allocation

P/E Ratio

Fair Value

19.17x

P/E ratio in line with market averages

Price to Book

Fair Value

2.29x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	8,515.20	2.19	+7.8%	View
Q3 2024	8,847.20	2.89	+10.5%	View
Q2 2024	8,713.10	2.34	+9.2%	View
Q1 2024	7,579.30	2.17	+1.1%	View
Q4 2023	8,009.56	1.86	-1.4%	View

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Parag Milk Foods Limited (PARAGMILK.NS) Q1 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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