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Parag Milk Foods shines on raising Rs 131 crore through preferential allotment Parag Milk Foods is currently trading at Rs. 104.85, up by 3.05 points or 3.00% from its previous closing of Rs. 101.80 on the BSE. The scrip opened at Rs. 103.45 and has touched a high and low of Rs. 105.45 and Rs. 102.65 respectively. So far 38432 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.85 on 12-Nov-2021 and a 52 week low of Rs. 65.50 on 01-Jul-2022. Last one week high and low of the scrip stood a...
Parag Milk Foods shines on raising Rs 131 crore through preferential allotment
Parag Milk Foods shines on raising Rs 131 crore through preferential allotment
Source: Accord Fintech
25/08/2022 11:12:20 AM
Parag Milk Foods Q1 net profit down 35.52% at Rs 11.02 cr The company reported standalone net profit of Rs 11.02 crore for the quarter ended June 30, 2022 as compared to Rs 17.09 crore in the same period last year, registering a year-on-year decline of 35.52 per cent. Net revenue of the company rose substantially by 59.96 per cent at Rs 680.80 crore in April-June quarter of this fiscal as against Rs 425.60 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 72.29 per cent to Rs 654.15 crore from...
Parag Milk Foods Q1 net profit down 35.52% at Rs 11.02 cr
Parag Milk Foods Q1 net profit down 35.52% at Rs 11.02 cr
Source: Dion Global Solutions Ltd
13/08/2022 3:37:51 PM
Hold Parag Milk Foods Ltd For Target Rs.121 - ICICI Securities Higher SMP sales; weak core revenues Key takeaways from Q3FY22 performance: (1) Parag’s revenue grew 13.8% YoY due to a recovery in both HoReCa as well as higher SMP sales and (2) gross and EBITDA margin improved 94bps and 169bps YoY, respectively. As the industry moves towards normalcy post-covid, the company has accelerated brand-building efforts (ad-spends up 136% YoY). HoReCA segment clocked higher than prepandemic sales during the quarter. We model Parag to report revenue and PA...
Hold Parag Milk Foods Ltd For Target Rs.121 - ICICI Securities
Hold Parag Milk Foods Ltd For Target Rs.121 - ICICI Securities
Source: ICICI Securities Ltd
2/04/2022 1:59:21 PM
Hold Parag Milk Foods Ltd For Target Rs.135 - ICICI Securities Likely revival after two years Takeaways from Q2FY22: (1) Revenue growth was 6.8% YoY due to recovery in both HoReCa and consumer products and (2) gross and EBITDA margin improved 101bps and 163bps YoY, respectively due to lower milk procurement prices. The company entered into milk-shake category. It has also introduced multiple differentiated products. Expansion of distribution reach is likely to drive strong off-take. With strong recovery in HoReCa segment and reduction in debt and inte...
Hold Parag Milk Foods Ltd For Target Rs.135 - ICICI Securities
Hold Parag Milk Foods Ltd For Target Rs.135 - ICICI Securities
Source: ICICI Securities Ltd
15/12/2021 9:06:57 AM
Buy Parag Milk Foods Ltd For Target Rs.158 - Edelweiss Financial Services Sales uptick; margins better Parag Milk Foods (Parag) posted a revenue uptick of 7% YoY in Q2FY22 off a low base (-22% YoY) as core categories reverted to pre-pandemic levels, up 23% YoY in H1. EBITDA grew 28% YoY (18% above estimate) on lower procurement prices while gross margins expanded 101bps. With normalcy returning, Parag outlined its Vision 2.0 encompassing a 6C framework: Cows, Consumers, Cash, Cost, Corporate Governance and Community. Management hence announced expansion acros...
Buy Parag Milk Foods Ltd For Target Rs.158 - Edelweiss Financial Services
Buy Parag Milk Foods Ltd For Target Rs.158 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
10/11/2021 12:47:00 PM
Hold Parag Milk Foods Ltd For Target Rs. 140 - ICICI Securities Lower HoReCa sales impacted revenues Key reasons for weak Q4FY21 performance: (1) Steep decline in HoReCa sales resulted in sharp 18.8% revenue decline. Lower sales to Modern trade also resulted in decline in liquid milk revenues and (2) While Gross margin was flat YoY, negative operating leverage resulted in 320bps lower EBITDA margin. We model (1) the revenues of core products (paneer, cheese, ghee etc.) to gradually recover in FY22-23 due to recovery in economy and favourable base, (2) ...
Hold Parag Milk Foods Ltd For Target Rs. 140 - ICICI Securities
Hold Parag Milk Foods Ltd For Target Rs. 140 - ICICI Securities
Source: ICICI Securities
8/07/2021 11:04:25 AM
Parag Milk Foods posts Q4 net loss of Rs 12.10 cr The company reported standalone net loss during the quarter stood at Rs 12.10 crore compared to net profit of Rs 8.53 crore in the previous year quarter.я Net revenue of the company declined moderately by 19.50 per cent at Rs 422.22 crore in January-March quarter of this fiscal as against Rs 524.47 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 16.70 per cent to Rs 402.96 crore from Rs 483.74 crore in year ago period. Other Income grew...
Parag Milk Foods posts Q4 net loss of Rs 12.10 cr
Parag Milk Foods posts Q4 net loss of Rs 12.10 cr
Source: Dion Global Solutions Ltd
14/06/2021 9:44:46 AM
Hold Parag Milk Foods Ltd For Target Rs.108 - ICICI Securities Revenue decline attributable to lower B2B sales Key reasons for weak Q2FY21 performance: (1) Steep decline in sales to B2B segment (i.e. HoReCa and institutions) due to localised lockdown. However, there was recovery in in-home consumption, (2) Gross margin was up 130bps but EBITDA margin declined 30bps due to negative operating leverage. We expect the (1) revenues of core products (paneer, cheese, ghee etc.) to gradually recover H2FY21 onwards, (2) With opening up of the economy, there w...
Hold Parag Milk Foods Ltd For Target Rs.108 - ICICI Securities
Hold Parag Milk Foods Ltd For Target Rs.108 - ICICI Securities
Source: ICICI Securities Ltd
21/01/2021 10:26:11 AM