In Q2 2024, Parag Milk Foods Limited reported robust revenue growth of approximately 14.96% QoQ, reaching INR 8.71 billion, driven by increased demand for their dairy products. Notably, the company has enhanced its gross profit margins to 23.02%, reflecting a 9.36% growth YoY. However, operating income saw a significant decrease of 70.11% QoQ due to higher operating expenses, resulting in an operating income of INR 510.8 million. Management remains optimistic regarding future performance despite the operational challenges faced this quarter, attributing ongoing growth to strategic marketing initiatives and product diversification efforts.The net income for the quarter stood at INR 292.1 million, marking a 7.00% increase compared to the previous quarter, highlighting improved overall profitability amidst challenging market conditions.