Milky Mist Dairy Food Q1 profit soars 10-fold YoY to ₹65 crore, EBITDA margin expands; check June quarter numbers

The dairy products manufacturer reported an 889.91% or nearly a ten-fold year-on-year (YoY) surge in its consolidated net profit to ₹64.68 crore in the April-June quarter of the 2026-27 financial year (Q1 FY27), compared with ₹6.53 crore in the corresponding period of the preceding fiscal year (Q1 FY26).

Its revenue from operations jumped 43.6% YoY to ₹973.45 crore during the quarter under review, as against ₹678.09 crore in the first quarter of the 2025-26 financial year (Q1 FY26), supported by healthy sales performance across the entire product portfolio, reflecting broad-based growth, according to a regulatory filing.

The newly listed company recorded an EBITDA (earnings before interest, tax, depreciation and amortisation) of ₹144.89 crore in the first quarter of FY27, marking a 74.5% YoY increase from ₹83.02 crore in the year-ago period.

Its EBITDA margin expanded by 264 basis points (bps) YoY to 14.88% for the reporting quarter, from 12.24% in Q1 FY26.

Key highlights

The company said that its summer portfolio, comprising ice creams, curd and yogurt categories, recorded strong YoY growth due to an extended summer season, particularly across Southern India.

Paneer remained its largest contributor, with its revenue rising 34% YoY, while the cheese and curd categories continued to deliver healthy growth, with revenue growth of 38% and 27% YoY, respectively.

“The company further strengthened growth through continued process and product innovation, new product variants and deeper market penetration, enabling expansion across existing as well as new geographies,” Milky Mist said.

Its gross profit expansion was primarily driven by higher volume growth, improved product mix and pricing ability. Furthermore, its operational efficiencies primarily contributed to EBITDA growth and EBITDA margin expansion.

In Q1 FY27, the firm commissioned a new Cheddar Cheese Plant with an installed capacity of 120 million tonnes (MT) per day.

What the management said

Commenting on the development, Dr. K Rathnam, Whole-time Director and Chief Executive Officer, Milky Mist Dairy Food Limited, said: “We have started FY27 with a strong performance, with Revenue from Operations growing 43.6% YoY to ₹973.45 crore in Q1 FY27. The gross profit expansion was primarily driven by higher volume growth, improved product mix, and pricing ability.” Looking forward to FY27, Dr. Rathnam further stated that the company’s focus will remain on driving profitable growth through portfolio expansion, operating discipline and investments in its manufacturing and distribution capabilities.

He added that Milky Mist will continue to expand its range of value-added food products, strengthen its brands and distribution network, and increase its presence across markets.

“We remain focused on improving efficiency and leveraging scale while balancing investments for future growth with disciplined execution and financial performance. With the capabilities we have built and the opportunities ahead, we are confident of strengthening our position in the value-added FMCG space and delivering sustainable growth over the year,” Dr. Rathnam further said.

Milky Mist stock performance

Shares of Milky Mist Dairy Food closed 1.57% lower at ₹210.94 per unit on the National Stock Exchange (NSE) on Monday, August 31. However, the results were declared after the markets closed. This marks a 27.8% surge from its listing price.

The stock of the company made its debut on the NSE and BSE (formerly Bombay Stock Exchange) at ₹165 apiece on Tuesday, August 18, reflecting a premium of 17.86% over the initial public offering (IPO) issue price of ₹140 per share.

The ₹1,553 crore IPO was a combination of a fresh issuance of equity shares worth ₹1,428 crore and an offer-for-sale (OFS) of ₹125 crore by promoters, Anitha S and Sathishkumar T.

Milky Mist Dairy Food has a total market capitalisation of ₹16,205.20 crore as of August 31, 2026, according to data on the NSE.