Parag Milk Foods

** Parag Milk Foods PAMF.NS falls 1% to 240 rupees; set for a third session of declines

** Stock fell 4.1% on Tuesday on June-quarter results

** Co posts mixed Q1 results; revenue rises 12% y/y but down 7% q/q

** Investec says EBITDA, PAT missed estimates by 18% and 10%, respectively

** Adds EBITDA margin drops 60 bps y/y, falling short of its 8.5% estimate due to other higher expenses

** YTD, PAMF gains 27%

(Reporting by Rudra Pratap Singh in Bengaluru)

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July 23 (Reuters) - Parag Milk Foods Ltd PAMF.NS:

• PARAG MILK FOODS JUNE-QUARTER CONSOL PAT 273 MILLION RUPEES

• PARAG MILK FOODS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.58 BILLION RUPEES

Source text for Eikon: ID:nBSE54kk41

Further company coverage: PAMF.NS

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July 9 (Reuters) - Parag Milk Foods Ltd PAMF.NS:

• EXECUTED FIRST AMENDMENT AGREEMENT TO FCCB SUBSCRIPTION AGREEMENT WITH IFC

• REVISION IN CONVERSION PRICE OF FCCBS FROM 145 RUPEES TO 135 RUPEES PER SHARE

Source text for Eikon: ID:nBSE8dsdtV

Further company coverage: PAMF.NS

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** Shares of Parag Milk Foods PAMF.NS down 11.7% to 189.4 rupees, its lowest since Sept. 2023

** The consumer goods co's Q4 consol pre-tax profit fell 18%, rev from ops fell 1.4%

** Stock on track to log steepest one-day pct slump since Dec. 2020

** Brokerage Investec says PAMF's earnings missed its estimates on lower gross margins and higher operating expenses

** Parag significantly raised advertising and promotion expenses in fiscal year 2024, leading to higher operational costs and affected core profit margins - Investec

** PAMF's core profit margin contracted to 5.6% in Q4 from 5.7% a year ago

** Investec has a "Buy" rating on stock, with PT of 310 rupees

** Stock eyes busiest trading session since early Feb., volumes at 5.9x the 30-day avg

** Including session's gains, stock down ~19% YTD

(Reporting by Manvi Pant in Bengaluru)

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** Shares of milk producer Dodla Dairy DODL.NS up as much as 3.4% at 916.40 rupees

** Investec initiated coverage on Indian dairy firms DODL, Hatsun Agro HAPL.NS, Heritage Foods HEFI.NS and Parag Milk Foods PAMF.NS, picks DODL as the most preferred stock

** Brokerage expects DODL to outshine its peers in various aspects including robust core business, effective capital utilization and reasonable valuations

** Rates DODL at "buy" with Street-high PT of 1,400 rupees - LSEG

** Meanwhile, Investec's ratings on HEFI and PAMF also at "buy"; HAPL rated "sell"

** DODL only stock among major dairy firms with YTD gains, HEFI, PAMF and HAPL all post YTD losses between 1.1% and 12.5%

(Reporting by Kashish Tandon in Bengaluru)

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Feb 7 (Reuters) - Parag Milk Foods Ltd PAMF.NS:

• DEC-QUARTER CONSOL PAT 341.7 MILLION RUPEES VERSUS PROFIT 92.6 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.01 BILLION RUPEES VERSUS 7.36 BILLION RUPEES

Further company coverage: PAMF.NS

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** Shares of Hatsun Agro Product HAPL.NS, Heritage Foods HEFI.NS and Parag Milk Foods PAMF.NS up between 1% and 5.5%

** Maharashtra government has announced a subsidy of 5 rupees ($0.0601)/litre for milk farmers, local media reports

** Subsidy to be effective over next two months

** PAMF and HEFI have one plant each in Maharashtra, while HAPL has two plants

** If gains hold, PAMF set to snap two consecutive sessions of losses, while HEFI to rise for fourth straight session

** As of YTD, HAPL up ~25%, HEFI has risen 41% and PAMF climbed over 114%

($1 = 83.2240 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

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** Shares of Parag Milk Foods PAMF.NS rise as much as 3.03% to 227.50 rupees apiece

** The dairy products manufacturer posts consolidated profit after tax (PAT) that more than doubled to 251.9 mln rupees in September quarter

** Revenue from operations rises 20% year-on-year to 7.98 bln rupees

** Healthy volume and value growth in second quarter aided by healthy demand, stable milk procurement prices and improved product mix - PAMF

** Including day's gains, PAMF up 119% in 2023 so far; on course to post yearly gains for the first time in five years - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Nov 9 (Reuters) - Parag Milk Foods Ltd PAMF.NS:

• INDIA'S PARAG MILK FOODS LTD SEPT-QUARTER CONSOL PAT 251.9 MILLION RUPEES VERSUS PROFIT 113.9 MILLION RUPEES

• PARAG MILK FOODS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.98 BILLION RUPEES VERSUS 6.65 BILLION RUPEES

Source text for Eikon: ID:nBSE3yM0hQ

Further company coverage: PAMF.NS

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