Parag Milk Foods FY26 results: ₹3,817 cr, ₹1.10 dividend

FY26 audited results: the headline numbers

Parag Milk Foods announced its audited financial results for the fiscal year ended March 31, 2026. On a consolidated basis, the company reported revenue of ₹3,817.50 crore and profit after tax (PAT) of ₹135.05 crore. The update also provided standalone performance, where revenue was reported at ₹3,742.03 crore and standalone PAT at ₹150.88 crore. The results and related board decisions were positioned as part of the company’s year-end regulatory disclosures.

Dividend recommendation: 11% final payout proposed

Along with the FY26 results, the Board of Directors recommended a final dividend of 11%. This translates to ₹1.10 per equity share. The dividend is subject to shareholder approval at the company’s upcoming Annual General Meeting (AGM). The disclosure also noted that investors would watch for clarity on the dividend payment timeline after the AGM.

Board meeting intimation: what was placed before directors

The company’s exchange filing included a board meeting intimation for 07/05/2026. The agenda items cited were the consideration and approval of audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The agenda also included consideration and recommendation of dividend, if any, on the equity shares for FY26, subject to shareholder approval at the ensuing AGM. This aligns with how listed companies in India typically combine audited results approval and dividend recommendation at the year-end board meeting.

ESOP allotment: equity share capital increases

Parag Milk Foods disclosed that it allotted 10,00,000 equity shares under its Employee Stock Option Scheme (ESOP). The allotment increased the company’s paid-up equity share capital. Separately, the broader disclosure set also referenced an earlier equity issuance event: the company allotted 57,33,713 equity shares of face value ₹10 each at a conversion price of ₹135 per share on September 29, 2025, following the conversion of 10,680 Foreign Currency Convertible Bonds (FCCB) of USD 1,000 each held by IFC. Both items are relevant for investors tracking share count changes and potential dilution.

Key financial snapshot (as disclosed)

The FY26 snapshot provided both consolidated and standalone totals. In addition, the text included another full-year data point for FY2025–2026, stating revenue reached ₹3,472.46 crore and profit touched ₹118.79 crore. The disclosure did not reconcile this figure with the audited consolidated and standalone revenue numbers cited elsewhere in the same text, so readers typically treat such differences as coming from different data extracts or scopes unless clarified by the company.

Stock check on 7 May 2026: price, range, and session average

The disclosure also captured market data for the day. As of 7 May 2026, Parag Milk Foods share price was ₹228.2. The stock opened at ₹223.7 and had closed at ₹220.8 the previous day. During the session, the share price moved between ₹221.75 and ₹230.90. The average price for the day was cited at ₹226.32.

Other disclosed metrics: EPS, yield, and recent quarter context

The text also referenced earnings per share (EPS) of 2.29 during Q3 FY 2025-26. Another metric shown was EPS (TTM) at ₹9.97, alongside dividend yield of 0.31%. These figures were presented as part of the broader information pack around the stock and recent filings.

The disclosure set also mentioned an operational profitability datapoint for the March quarter: EBITDA at ₹62 crore, stated as 67.7% higher than ₹37 crore for the same quarter of FY24. No additional segment detail or margin computation was included in the provided text.

Recent regulatory and corporate updates referenced

The “Latest News” list included an analyst or investor meet intimation dated 05 May 2026, and a board meeting intimation dated 04 May 2026. The materials also referenced a board meeting scheduled for February 4, 2026 to approve unaudited Q3 and nine-month FY26 results for the period ended December 31, 2025, and noted a trading window closure from Jan 1 to Feb 6, 2026.

For historical comparison, the disclosure also carried details of the previous year’s dividend recommendation. For the financial year ended March 31, 2025, the board had recommended a final dividend of 10% per equity share, translating to ₹1.00 per share, subject to shareholder approval at the AGM. The FY26 recommendation therefore represents a higher proposed per-share payout, based on the figures provided.

Market impact: what investors typically track next

From the information disclosed, the immediate investor watchpoints are procedural and data-led. First is shareholder approval of the 11% final dividend at the AGM, because the payout is explicitly subject to such approval. Second is the company’s follow-up communication on the dividend payment timeline, which the text flagged as an area of investor focus.

Another factor is the effect of equity issuance actions, including the ESOP allotment of 10,00,000 shares and the earlier FCCB conversion related allotment disclosed in the text. These events can matter for per-share metrics, and they are typically reviewed alongside EPS and profitability trends already cited in the same disclosure set.

Conclusion

Parag Milk Foods’ FY26 audited update reported consolidated revenue of ₹3,817.50 crore and consolidated PAT of ₹135.05 crore, alongside a proposed 11% final dividend of ₹1.10 per share. The company also disclosed an ESOP-related allotment of 10,00,000 equity shares and provided key market data for 7 May 2026. The next formal step is shareholder consideration of the final dividend at the upcoming AGM, followed by a company update on the dividend payment timeline.