Chennai, August 31: Value added dairy product manufacturer Milky Mist Dairy Food Limited has posted an 890% year-on-year (YoY) surge in net profit to ₹64.68 crore from ₹6.53 crore as the recently listed company has seen its PAT margins grow from 0.96% in Q1FY26 to 6.64% this time. The company has seen its value-added dairy product range, consisting of curd, yogurt categories and ice creams, see strong growth due to the extended summer, especially across South India. This has also meant strong YoY growth in operational revenue to ₹973.45 crore from ₹678.09 crore, a 43.6% YoY growth.
Milky Mist has also worked to strengthen its growth by continued product innovation, adding new variants and witnessed deeper market penetration as it looks to expand into new geographies.
The company has used its IPO proceeds to settle its debt substantially, allowing it to unlock net margin expansion during the quarter. Besides this, it has strengthened its cold chain penetration across South India, boosting its reach across the region.
“We have started FY27 with a strong performance, with Revenue from Operations growing 43.6% YoY to ₹973.45 Cr in Q1FY27. The gross profit expansion was primarily driven by higher volume growth, improved product mix and pricing ability. As we look ahead to FY27, our focus will remain on driving profitable growth through portfolio expansion, operating discipline and investments in our manufacturing and distribution capabilities. We will continue to expand our range of value-added food products, strengthen our brands and distribution network, and increase our 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. K Rathnam, Wholetime Director and Chief Executive Officer, Milky Mist Dairy Food Limited, said in a press release.
