Parag Milk Foods Ltd reported a 13% year-on-year decline in net profit for Q3FY26, reflecting pressures from escalating raw material and logistics costs. The company’s revenue demonstrated modest growth, driven by demand in dairy and value-added segments, but profitability was constrained by higher procurement and operational expenses. Despite the short-term setback, management remains focused on expanding branded product lines, strengthening distribution networks, and optimizing operational efficiencies.