Parag Milk Foods jumps 8 per cent on robust Q1FY19 numbers

Parag Milk Foods, a leading manufacturer and marketer of branded dairy products, reported its results for the quarter ended June 30, 2018 on Monday after market hours.

The company’s consolidated revenue for the quarter came in at Rs. 549.42 crore, registering 33.1 per cent yoy increase. This growth was driven by an increase in revenue from Milk Products by 41 per cent YoY which was led by growth in key product categories.

EBITDA for the quarter rose by 109.5 per cent yoy to Rs. 59.7 crore with a corresponding margin expansion of 397 bps. EBITDA margin for the quarter stood at 10.9 per cent. This margin expansion was aided by operating leverage and higher capacity utilizations.

The PAT for the quarter came in at Rs. 28.27 crore, yoy increase of 168.6 per cent. The PAT Margin stood at 5.1 per cent in Q1FY19.

On Tuesday, the stock opened at Rs. 332.60 per share, up by almost 4.5 per cent from its previous close of Rs. 318.20 and jumped by nearly 8 per cent on the BSE.