Parag Milk Foods

Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins

For the financial year 2021-22, Parag Milk Foods reported a loss of Rs 532.50 crore, due to one-time write down of Rs 509.50 crore.

The price hike may spark a bullish rally in dairy-related stocks like Hatsun Agro Product, Heritage Foods and Parag Milk Foods indicate charts.

Parag Milk Foods, through the PLI application on June 15, 2021, had received an approval for sales-based incentive for mozzarella cheese product for the period 2021-27

Dairy company Parag Milk Foods on Friday reported a 59.35 per cent decline in net profit to Rs 11.21 crore for the third quarter ended December 2020

The profit margins of dairy companies are expected to increase in the September quarter after a sharp contraction in the March and June quarters.

The promoters had also pledged 36% of their overall shareholding in the company, of which, 31% has been repaid to lenders

In the past month, the stock has underperformed the market by falling 19 per cent on weak set of September quarter (Q2FY20) results

The stock was down 5 per cent to Rs 161 on the BSE, its lowest level since listing on May 19, 2016.

The company sells 34,000 litres of premium cow milk to customers in Mumbai, Pune and Surat, he added.

The stock surged 8% to Rs 344 on the BSE in intra-day trade after the company reported 169% year on year growth in consolidated net profit at Rs 283 million in June quarter.

The stock hit a 52-week high of Rs 327, up 7% on the BSE in intra-day trade, after the company reported 18% YoY growth in its consolidated net profit at Rs 262 million in March quarter.

Managing two sets of supply chains - for milk and for milk-based value-added products - over a wider market will be a big challenge

Parag Milk Foods total revenue in 2017-18 stood at Rs 17.3 billion

The stock moved higher by 6% to Rs 260 on the BSE in noon deal after the company tie-up with Taj Group to supply its products on international flights

'Slurp' mango drink will be available in a 200-ml tetrapack priced at Rs 20

The Pune-based dairy company looks to expand its brand footprint with a new launch

The stock tanked 16% to Rs 223 after the company posted a loss of Rs 38 crore in Q3F17 against profit of Rs 15 crore.

The stock moved higher by 8% to Rs 278, bouncing back 11% from intra-day low on the BSE.

The company plans to hit the market with five flavours of cheese slices soon