Newly listed value-added dairy major reports a 10-fold surge in net profit to ₹64.68 crore on robust volume expansion and new cheese capacity.
Shares of Milky Mist Dairy Food climbed nearly 20 percent across two trading sessions, reaching ₹252.65 as equity markets digested the company’s first quarterly financial results following its domestic stock market debut. The sharp rally from a recent closing low of ₹210.90 extends post-listing momentum for the Tamil Nadu-based processor, which completed a heavily subscribed initial public offering (IPO) in mid-August at an issue price of ₹140 per share.
For the first quarter ended June 30, 2026 (Q1 FY27), Milky Mist reported a consolidated net profit after tax of ₹64.68 crore, representing an almost tenfold increase (up 890 percent) compared to ₹6.53 crore in the corresponding prior-year period. Revenue from operations climbed 43.6 percent year-over-year to ₹973.45 crore, driven by double-digit volume growth across core product categories and prolonged summer consumption across southern Indian markets.
Operating profitability expanded alongside top-line gains, with EBITDA rising 74.5 percent year-over-year to ₹144.89 crore and operating margins improving by 264 basis points to 14.88 percent. Gross profit rose 56.1 percent to ₹333.02 crore, supported by pricing power, improved operational efficiencies, and a favorable sales mix heavily weighted toward premium dairy categories such as packaged paneer, curd, and yogurt.
On the manufacturing front, the company commissioned a commercial cheddar cheese processing facility during the quarter with an installed capacity of 120 metric tons per day. K Rathnam, Whole-time Director and Chief Executive Officer, stated that the strong quarter validates the company’s focus on scaling value-added FMCG dairy products while directing recent capital market proceeds toward manufacturing capacity, distribution expansion, and debt reduction.
Market analysts highlight Milky Mist’s differentiation as a fast-growing value-added dairy specialist rather than a commodity liquid milk processor. Backed by direct farmgate milk procurement from more than 74,000 farmers and high-capacity processing at Perundurai, the company aims to broaden its retail footprint beyond South India while using disciplined operational scale to capture premium market share.
Source: Capital Market
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