Parag Milk Foods approved a ₹105 crore capex to double its cheese production capacity from 60 MT/day to 120 MT/day by FY28. In Q1 FY27, revenue rose 11% YoY to ₹945 crore, while PAT declined 20% YoY to ₹22 crore due to higher tax expenses. The company also appointed Rakesh Kothari as its new Chief Financial Officer.