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Parag Milk Foods under its sports nutrition brand Avvatar, has announced its entry into India's fast-growing ready-to-drink (RTD) protein beverage segment through a strategic partnership with Tetra Pak. The company has launched Avvatar Protein Cold Coffee, protein cold coffee in India's first Tetra Prisma® Aseptic 250E pack, combining convenience, nutrition, and taste in an on-the-go format that fits seamlessly into consumer daily routines. Priced at Rs 120, the beverage strengthens Avvatar's portfolio beyond traditional sports nutrition into everyday functional consumption.
The launch comes at a time when India's whey protein-based products market is witnessing significant growth. Despite growing awareness around nutrition, nearly 73% of Indians remain protein deficient, creating a significant opportunity for convenient, everyday protein formats.
Avvatar Protein Cold Coffee has been developed to bridge this gap by integrating protein into one of India's most familiar daily habits-coffee. The ready-to-drink beverage delivers 15g protein in a 250 ml pack, with no added sugar or artificial sweeteners. Available in Classic and Vanilla variants, the coffee beverage is based on milk protein with no added sugar and no artificial sweeteners offering a balance between indulgence and functional nutrition.
For the full year,net profit rose 13.69% to Rs 135.05 crore in the year ended March 2026 as against Rs 118.79 crore during the previous year ended March 2025. Sales rose 11.23% to Rs 3817.50 crore in the year ended March 2026 as against Rs 3432.21 crore during the previous year ended March 2025.
While EBITDA improved by 4% YoY to Rs 78 crore, EBITDA margin rose by 10 basis points YoY to 8.3% in Q4 FY26.
Profit before tax in Q4 FY26 stood at Rs 40 crore, up by 23% from Rs 33 crore in Q4 FY25.
For FY26, the company has recorded consolidated net profit and revenue from operations of Rs 135 crore (up 14% YoY) and Rs 3,818 crore (up 11% YoY), respectively.
Akshali Shah, executive director, PMFL said: 'FY26 has been a meaningful year for Parag Milk Foods with overall topline growth of 11% and bottom line growth of 19% before exceptional items.
The year also unfolded New age business growth 91% with quarterly revenues inching up to 100 crore.
Our performance reflects the benefits of focused execution across portfolio premiumisation, calibrated pricing, and cost discipline, while combating hyper inflation in commodity prices.”
Parag Milk Foods is the largest private dairy FMCG Company with a Pan India presence.
The scrip fell 3.32% to currently trade at Rs 223 on the BSE.
On a YoY basis in Q3 FY26, gross profit increased to Rs 262 crore, up 9%. However, gross margin declined by nearly 130 basis points, from 27.2% to 25.9% due to cost inflation offset by favourable portfolio mix.
EBITDA declined 5% YoY to Rs 76 crore as against Rs 80 crore, with EBITDA margin contracting by 150 basis points to 7.5%, largely tracking the gross margin compression.
Profit before tax in Q3 FY26 stood at Rs 33 crore, down by 14% from Rs 38 crore recorded in Q3 FY25.
Akshali Shah, executive director, PMFL, said: “Our value-added dairy engine continues to power ahead, reaffirming our dominance in core categories.
At the same time, the acceleration of our New Age Business comprising of Pride of Cows and Avvatar, signals the emergence of Parag as a truly modern, consumer-centric FMCG brands driving premiumization with superior product offerings.
The headwinds of commodity inflation are likely to continue in the foreseeable future. The company is well poised to navigate through these challenging times with the power of its brands, superior offerings and improved product mix.”
Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.
Parag Milk Foods Ltd, SPL Industries Ltd, Cupid Ltd and Yatra Online Ltd are among the other gainers in the BSE's 'B' group today, 12 November 2025.
Ecos (India) Mobility & Hospitality Ltd soared 15.12% to Rs 223.85 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 4.01 lakh shares were traded on the counter so far as against the average daily volumes of 6321 shares in the past one month.
Parag Milk Foods Ltd spiked 13.43% to Rs 356.35. The stock was the second biggest gainer in 'B' group. On the BSE, 4.98 lakh shares were traded on the counter so far as against the average daily volumes of 66025 shares in the past one month.
SPL Industries Ltd surged 12.53% to Rs 44.11. The stock was the third biggest gainer in 'B' group. On the BSE, 8252 shares were traded on the counter so far as against the average daily volumes of 1777 shares in the past one month.
Cupid Ltd exploded 12.19% to Rs 284. The stock was the fourth biggest gainer in 'B' group. On the BSE, 5.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.41 lakh shares in the past one month.
Yatra Online Ltd jumped 12.14% to Rs 184.75. The stock was the fifth biggest gainer in 'B' group. On the BSE, 18.11 lakh shares were traded on the counter so far as against the average daily volumes of 93735 shares in the past one month.