Parag Milk Foods reported a 15% increase in revenue for FY26, reaching INR 3818 crore, with profit after tax (PAT) growing by 19% to INR 141 crore. The New Age business segment saw impressive growth of 91%, accounting for 10% of the total turnover and registering a 23% increase in PAT for Q4.

Parag Milk Foods has seen an upgrade in its credit rating by India Ratings, moving to IND BBB/Stable for NCDs and bank facilities. This decision reflects a positive outlook on the company's short-term banking prospects, with the short-term loan rating improving to IND A2 from IND A3. The issuer rating has also been upgraded, signifying a strengthening financial position.

Vitalia Tradeglob aims to transition its status from a promoter to a public shareholder in Parag Milk Foods. As of May 4, 2026, they have no shares held, and the reclassification is still subject to approval.