Sales decline 18.85% to Rs 434.35 crore.
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Net loss of Parag Milk Foods reported to Rs 9.64 crore in the quarter ended March 2021 as against net profit of Rs 10.11 crore during the previous quarter ended March 2020. Sales declined 18.85% to Rs 434.35 crore in the quarter ended March 2021 as against Rs 535.23 crore during the previous quarter ended March 2020.

For the full year,net profit declined 77.90% to Rs 20.71 crore in the year ended March 2021 as against Rs 93.69 crore during the previous year ended March 2020. Sales declined 24.45% to Rs 1841.76 crore in the year ended March 2021 as against Rs 2437.92 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales434.35535.23 -19 1841.762437.92 -24 OPM %4.257.48 -6.788.66 – PBDT13.1232.05 -59 92.52180.60 -49 PBT0.6718.32 -96 40.72126.96 -68 NP-9.6410.11 PL 20.7193.69 -78
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Last month, 14 of our dairy farms in Maine, as well as dozens of dairy farms across northern New England, got an unexpected and disappointing notice from Danone of North America saying that they were discontinuing their contracts with our organic dairy farmers in Maine, New Hampshire, Vermont and elsewhere.

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