Stock Analysis
Parag Milk Foods Full Year 2024 Earnings: Misses Expectations
Parag Milk Foods (NSE:PARAGMILK) Full Year 2024 Results
Key Financial Results
- Revenue: ₹31.6b (up 9.4% from FY 2023).
- Net income: ₹905.8m (up 70% from FY 2023).
- Profit margin: 2.9% (up from 1.8% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: ₹7.71 (up from ₹5.07 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Parag Milk Foods Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 27%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Food industry in India.
Performance of the Indian Food industry.
The company's shares are down 10% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Parag Milk Foods has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NSEI:PARAGMILK
Parag Milk Foods
Processes, manufactures, and sells milk and milk related products in India.
Solid track record with reasonable growth potential.