KMG Group

Kurukshetra, India Founded: 1992 • Age: 34 yrs Listed

Manufacturer of dairy products

Page last updated 19 Oct 2026

About KMG Group

KMG Group is a publicly listed company based in Kurukshetra (India) founded in 1992 by Basudev Garg. Manufacturer of dairy products. Its Indian entity Kmg Milk Food Limited reported revenue of ₹5.67 Cr. KMG Group offers products and services including Dairy Commodities. Its focus areas include Food and Agriculture, Food & Beverage Products, Dairy and Multi-category. Its competitors include Sid's Farm, Dodla Dairy and Desi Farms; 3 of its 3 listed competitors have raised funding.

Company details

KMG Group was established in 1992 in Kurukshetra, India, as a dairy manufacturing entity. Products including ghee, butter, and milk powder are produced under the Rahul brand. Distribution occurs through partnered retailers serving SAARC and Middle East countries. Operations focus on the dairy sector with an emphasis on regional export markets.

Headquarters Kurukshetra, India
Founders Basudev Garg
Stage Public
Sectors
Consumer
Email
••••••••
Phone
•••• ••••
Website kmggroup.com
Social X
Legal Name Kmg Milk Food Ltd.

Operational Areas

Consumer → Food & Beverage Products & Processing

Key Metrics

Market Cap
₹26.52 Cr
KMGMILK · BSE
Share Price
₹50.00
0.00% today
Revenue
₹4.69 Cr
FY 2025-26 · -30.7% YoY
EBITDA
−₹0.24 Cr
Margin -5.1%
Net Profit
₹0.02 Cr
FY 2025-26 · +104.6% YoY
ROE
1.4%
ROCE 4.2%

Associated legal entities of KMG Group

KMG Group is associated with 3 registered companies on The Company Check; the primary company is Kmg Milk Food Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Kmg Milk Food Limited Listed CIN L15201HR1999PLC034125	Active	20 Jan 1999	Thanesar, Haryana	₹5.7 Cr	5	7	View details
Kmg Agro Foods Private Limited CIN U74899PN1995PTC182769	Active	27 Apr 1995	Pune, Maharashtra	₹163 Cr	12	2	View details
Kmg Solutions India Private Limited CIN U74140DL1998PTC091646	Active	13 Jan 1998	New Delhi, Delhi			4	View details

Products & Services of KMG Group

KMG Group offers a comprehensive portfolio of products and services, including Dairy Commodities.

Dairy Commodities

Food Manufacturing

Production of high-quality milk and dairy products for distribution

Board of directors of Kmg Milk Food Limited (KMG Group)

Kmg Milk Food Limited is the primary company behind KMG Group. The boards of the 3 registered companies of KMG Group currently have 9 directors; the longest-serving is Basudev Garg, appointed in 1998. 34 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Basudev Garg DIN 00282038	Director	13 Jan 1998	28 yrs 9 mo	Kmg Solutions India Private Limited, Kmg Milk Food Limited
Manish Kumar Yadav DIN 01610472	Director	18 Jun 2006	20 yrs 4 mo	Kmg Solutions India Private Limited
Rahul Sawhney DIN 02075424	Director	18 Jun 2006	20 yrs 4 mo	Kmg Solutions India Private Limited
Mithlesh Garg DIN 00185942	Director	25 Oct 2006	20 yrs	Kmg Solutions India Private Limited, Kmg Milk Food Limited
Pranav Gupta DIN 06609111	Director	01 Sep 2015	11 yrs 1 mo	Kmg Agro Foods Private Limited
Prashant Chandra Pande DIN 08527342	Director	14 Aug 2019	7 yrs 2 mo	Kmg Milk Food Limited
Arun Kumar Sharma DIN 09623795	Director	30 May 2022	4 yrs 5 mo	Kmg Milk Food Limited
Shivangi Garg DIN 09770518	Director	14 Nov 2022	3 yrs 11 mo	Kmg Milk Food Limited
Devansh Gupta DIN 06609100	Additional Director	10 Jul 2023	3 yrs 3 mo	Kmg Agro Foods Private Limited

People of KMG Group

1 people are tracked at KMG Group (1 in leadership).

Name	Role	Group
Basudev Garg	Founder & Director	Leadership

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Complete people profiles for KMG Group

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Full employee list
Team structure
Board tenure
Professional contacts

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IPO & Listings of KMG Group

KMG Group is a publicly listed company on the BSE with ticker symbol KMGMILK in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date19 Oct 2012
Listed onBSE: 519415
Listed entityKMG Milk Food Ltd.
Exchange sectorConsumer non-durables
ISININE873N01015
Share price₹48.36 (+4.99% on the day) · 2026-05-11
Market capitalisation₹24.4 Cr
EPS (diluted, trailing year)₹-0.23
Volume (last session)100
Analyst consensusNo rating

Financials of KMG Group

Exchange-reported figures of Kmg Milk Food Limited, the listed company behind KMG Group (BSE: KMGMILK).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹4.69 Cr

-30.7% YoY

EBITDA

−₹0.24 Cr

+42.9% YoY

Profit After Tax

₹0.02 Cr

+104.5% YoY

Net Worth

−₹1.05 Cr

+3.7% YoY

Total Assets

₹8.43 Cr

-5.5% YoY

Total Debt

₹5.60 Cr

-20.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	4.69	6.77	1.95	13.29	8.30	7.46	0.19
Revenue growth	-30.7%	+247.2%	-85.3%	+60.1%	+11.3%	+3826.3%	-
EBITDA	(0.24)	(0.42)	(0.61)	0.10	(0.01)	(0.66)	(0.90)
EBITDA margin	-5.1%	-6.2%	-31.3%	+0.8%	-0.1%	-8.9%	-473.7%
Profit before tax	0.03	(0.44)	0.08	0.19	(0.07)	0.09	(1.21)
Net profit	0.02	(0.44)	0.11	0.25	(0.14)	0.20	(1.22)
Net profit margin	+0.4%	-6.5%	+5.6%	+1.9%	-1.7%	+2.7%	-642.1%
EPS (₹)	0.06	(0.86)	0.21	0.51	(0.26)	0.38	(2.29)
Balance sheet
Total assets	8.43	8.92	8.50	5.40	4.80	4.58	1.48
Net worth	(1.05)	(1.09)	(0.63)	(0.74)	(1.01)	(0.88)	(1.08)
Total debt	5.60	7.01	6.13	3.14	2.81	2.45	2.56
Cash & bank	0.94	1.43	2.29	0.20	0.16	0.95	0.01
Net working capital	6.64	7.30	6.75	3.45	2.14	1.74	(0.89)
Cash flow
Cash from operations	0.72	(1.25)	(0.82)	(0.95)	(1.11)	1.57	(1.16)
Cash from investing	(0.23)	(0.01)	0.00	0.67	(0.04)	(0.02)	0.01
Cash from financing	(0.98)	0.40	2.91	0.32	0.36	(0.61)	1.16

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	0.00	0.00	0.42	1.22	3.06	6.77	0.50	1.27
Revenue growth (YoY)	-100.0%	-100.0%	-16.0%	-3.9%	+41.0%	-	-	-
Other income	0.24	0.26	0.23	0.26	0.24	1.42	0.16	1.14
Total expenses	0.28	0.14	0.65	1.40	2.79	7.58	0.73	2.67
EBITDA	(0.28)	(0.14)	(0.23)	(0.18)	0.27	(0.81)	(0.23)	(1.40)
EBITDA margin	-	-	-54.8%	-14.8%	+8.8%	-12.0%	-46.0%	-110.2%
Depreciation	0.00	0.13	0.00	0.07	0.00	0.13	0.00	0.00
Interest	0.11	0.11	0.11	0.11	0.12	0.48	0.13	0.13
Profit before tax	(0.15)	(0.12)	(0.11)	(0.10)	0.39	0.00	(0.20)	(0.39)
Tax	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	0.00	0.00	0.42	1.22	3.06	6.77	0.50	1.27
Revenue growth (YoY)	-100.0%	-100.0%	-16.0%	-3.9%	+41.0%	-	-	-
Other income	0.24	0.26	0.23	0.26	0.24	1.42	0.16	1.14
Total expenses	0.28	0.14	0.65	1.40	2.79	7.58	0.73	2.67
EBITDA	(0.28)	(0.14)	(0.23)	(0.18)	0.27	(0.81)	(0.23)	(1.40)
EBITDA margin	-	-	-54.8%	-14.8%	+8.8%	-12.0%	-46.0%	-110.2%
Depreciation	0.00	0.13	0.00	0.07	0.00	0.13	0.00	0.00
Interest	0.11	0.11	0.11	0.11	0.12	0.48	0.13	0.13
Profit before tax	(0.15)	(0.12)	(0.11)	(0.10)	0.39	0.00	(0.20)	(0.39)
Tax	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	4.69	6.77	1.95	13.29	8.30	7.46	0.19
Revenue growth	-30.7%	+247.2%	-85.3%	+60.1%	+11.3%	+3826.3%	-
Other income	0.98	0.96	0.93	0.26	0.11	0.94	0.13
Total expenses	4.93	7.19	2.56	13.19	8.31	8.12	1.09
Employee cost	0.83	0.85	0.78	0.76	0.91	0.72	0.44
EBITDA	(0.24)	(0.42)	(0.61)	0.10	(0.01)	(0.66)	(0.90)
EBITDA margin	-5.1%	-6.2%	-31.3%	+0.8%	-0.1%	-8.9%	-473.7%
Depreciation	0.25	0.13	0.16	0.16	0.17	0.19	0.25
Interest	0.46	0.85	0.08	0.01	0.00	0.00	0.19
Profit before tax	0.03	(0.44)	0.08	0.19	(0.07)	0.09	(1.21)
Tax	0.01	0.00	(0.03)	(0.06)	0.07	(0.11)	0.01
Net profit	0.02	(0.44)	0.11	0.25	(0.14)	0.20	(1.22)
Net profit margin	+0.4%	-6.5%	+5.6%	+1.9%	-1.7%	+2.7%	-642.1%
EPS (₹)	0.06	(0.86)	0.21	0.51	(0.26)	0.38	(2.29)

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	5.30	5.30	5.30	5.30	5.30	5.30	5.30
Reserves & surplus	(6.35)	(6.39)	(5.93)	(6.04)	(6.31)	(6.18)	(6.38)
Shareholders' funds (net worth)	(1.05)	(1.09)	(0.63)	(0.74)	(1.01)	(0.88)	(1.08)
Secured loans	5.34	5.71	2.99	0.00	0.00	0.00	0.00
Unsecured loans	0.26	1.30	3.14	3.14	2.81	2.45	2.56
Total debt	5.60	7.01	6.13	3.14	2.81	2.45	2.56
Total liabilities	8.43	8.92	8.50	5.40	4.80	4.58	1.48
Assets
Gross block	14.12	13.89	13.88	13.87	13.75	13.69	13.65
Net block	1.92	1.77	1.89	2.04	2.07	2.18	2.34
Capital work in progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	0.78	0.79	2.77	3.59	2.67	1.87	0.05
Sundry debtors	3.29	4.14	2.20	0.97	1.12	1.03	0.28
Cash & bank balances	0.94	1.43	2.29	0.20	0.16	0.95	0.01
Loans & advances	1.93	1.76	1.51	1.34	0.51	0.44	0.30
Total current assets	6.94	8.12	8.77	6.10	4.46	4.29	0.64
Total current liabilities	0.30	0.82	2.02	2.65	2.32	2.55	1.53
Net working capital	6.64	7.30	6.75	3.45	2.14	1.74	(0.89)
Total assets	8.43	8.92	8.50	5.40	4.80	4.58	1.48

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	1.43	2.29	0.20	0.16	0.95	0.01	0.00
Net cash from operating activities	0.72	(1.25)	(0.82)	(0.95)	(1.11)	1.57	(1.16)
Net cash from investing activities	(0.23)	(0.01)	0.00	0.67	(0.04)	(0.02)	0.01
Net cash from financing activities	(0.98)	0.40	2.91	0.32	0.36	(0.61)	1.16
Net change in cash	(0.49)	(0.86)	2.09	0.05	(0.79)	0.94	0.00
Closing cash	0.94	1.43	2.29	0.20	0.16	0.95	0.01

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	-30.7%	+247.2%	-85.3%	+60.1%	+11.3%	+3826.3%	-
EBITDA growth	+42.9%	+31.2%	-710.0%	+1100.0%	+98.5%	+26.7%	-
PBT growth	+9998.0%	-	-57.9%	+9998.0%	-	+9998.0%	+18.8%
Net income growth	+104.6%	-500.0%	-56.0%	+278.6%	-170.0%	+116.4%	-
Revenue CAGR (3Y)	-29.3%	-6.6%	-36.1%	+312.0%	+116.3%	+146.2%	-57.8%
EBITDA CAGR (3Y)	-	+247.6%	-2.6%	-	-79.0%	-15.9%	-
Profitability & leverage
Net income margin	+0.4%	-6.5%	+5.6%	+1.9%	-1.7%	+2.7%	-642.1%
Return on capital employed	+4.2%	0.0%	+1.2%	+2.7%	0.0%	+1.5%	0.0%
Return on net worth	+1.4%	0.0%	+2.1%	+12.6%	0.0%	+9.5%	0.0%
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-term debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest cover	-93.88	-154.55	-10.39	-16.67	0.00	0.00	-16.52
Efficiency & per share
Fixed asset turnover	0.33	0.49	0.14	0.96	0.60	0.55	0.01
Inventory turnover	5.97	3.80	0.61	4.25	3.66	7.77	1.65
Debtors turnover	1.26	2.14	1.23	12.72	7.72	11.39	0.68
EPS (₹)	0.06	(0.86)	0.21	0.51	(0.26)	0.38	(2.29)
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	(1.98)	(2.04)	(1.18)	(1.39)	(1.90)	(1.64)	(2.02)

Competitors of KMG Group

KMG Group has 3 listed competitors in our database, 3 of them funded. They include Sid's Farm, Dodla Dairy and Desi Farms.

Company Name	Domain	Founded	HQ Location	Total funding	Employees	Description
Sid's Farm	sidsfarm.com	2013	Hyderabad, India	$12.18M	466	Subscription-based dairy products are delivered via an internet-first brand.
Dodla Dairy	dodladairy.com	1995	Hyderabad, India	$84.05M	6,259	Multi-category dairy products are manufactured and branded.
Desi Farms	desifarmsindia.in	2016	Pune, India	$6M	79	Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products

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Detailed competitors of KMG Group

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Full competitor set
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Top companies in Food & Beverage Products & Processing

3 companies that operate in the same segment as KMG Group (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Country Delight	Platform offering a subscription-based delivery service for fresh milk and groceries	2015	Gurugram, Haryana, India	USD 228.42 M	USD 99.78 M	3,464
Blue Tokai Coffee Roasters	Subscription-based coffee products are offered by an internet-first brand.	2013	Gurugram, Haryana, India	USD 112.84 M	USD 25.83 M	2,059
Licious	Meat and seafood products are delivered via an online platform.	2015	Bengaluru, Karnataka, India	USD 564.84 M	USD 97.26 M	2,828

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Frequently Asked Questions about KMG Group

When was KMG Group founded?

KMG Group was founded in 1992.

Where is KMG Group located?

KMG Group is headquartered in Kurukshetra, India. It is registered at Kurukshetra, Haryana, India.

What is the annual revenue of KMG Group?

The primary company behind KMG Group, Kmg Milk Food Limited, reported revenue of ₹5.67 Cr for FY 2026, down 31% year on year.

What does KMG Group do?

Who are the top competitors of KMG Group?

KMG Group's top competitors include Sid's Farm, Dodla Dairy and Desi Farms.

What products or services does KMG Group offer?

KMG Group offers Dairy Commodities.

Is KMG Group publicly traded?

Yes, KMG Group is publicly traded on BSE under the ticker symbol KMGMILK.

Which legal entities are associated with KMG Group?

KMG Group is associated with 3 legal entities: Kmg Milk Food Limited, Kmg Solutions India Private Limited, Kmg Agro Foods Private Limited.

Who are the directors of KMG Group?

The legal entities of KMG Group currently have 11 directors, including Manish Kumar Yadav, Rahul Sawhney, Basudev Garg and others.

KMG Group

About KMG Group

Company details

Operational Areas of KMG Group

Associated legal entities of KMG Group

Products & Services of KMG Group

Board of directors of Kmg Milk Food Limited (KMG Group)

People of KMG Group

Complete people profiles for KMG Group

IPO & Listings of KMG Group

Financials of KMG Group

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Financial Statements

Competitors of KMG Group

Detailed competitors of KMG Group

Top companies in Food & Beverage Products & Processing

Related news about Kmg Group

Complete news archive for KMG Group

Frequently Asked Questions about KMG Group

About KMG Group

Company details

Operational Areas of KMG Group

Associated legal entities of KMG Group

Products & Services of KMG Group

Board of directors of Kmg Milk Food Limited (KMG Group)

People of KMG Group

Complete people profiles for KMG Group

IPO & Listings of KMG Group

Financials of KMG Group

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr Standalone AnnualQuarterly

Financial Statements

Competitors of KMG Group

Detailed competitors of KMG Group

Top companies in Food & Beverage Products & Processing

Related news about Kmg Group

Complete news archive for KMG Group

Frequently Asked Questions about KMG Group

Financial summary ₹ Cr