India's Parag Milk Foods jumps after Q2 profit more than doubles

Parag Milk Foods

10/11/2023 05:37

** 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)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))