Milky Mist Dairy Food Limited (MILKYMIST)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Milky Mist's revenue was ₹973 Cr (+43.6% year on year, +14.5% on the previous quarter), and net profit ₹64.7 Cr (+824.0% year on year); the operating margin was 14.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹973 | +43.6% | +14.5% |
| Operating profit | ₹144 | +77.5% | +7.3% |
| Net profit | ₹64.7 | +824.0% | -29.7% |
| EPS (₹) | 1.01 | +910.0% | -29.9% |
| Operating margin | 14.8% | — | — |
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📢 Recent Corporate Announcements
Milky Mist Dairy Food Limited has expanded its value-added dairy portfolio with the launch of Milky Mist High Protein Lactose-free Milk on October 15, 2026. The new product is offered in a 250 ml pack delivering 25g of protein (over 30% of RDA) and manufactured via ultra-filtration technology. The launch capitalizes on strong category tailwinds, with the company reporting ~50% YoY growth in demand across its existing high-protein products such as paneer, Greek yogurt, and Skyr. The company posted FY2026 revenue of Rs 3,138.36 crore and achieved June 2026 quarterly revenue of Rs 973.45 crore.
- Launched Milky Mist High Protein Lactose-free Milk in a 250 ml pack delivering 25g of protein.
- Delivers more than 30% of the recommended dietary allowance (RDA) of protein per pack.
- Company reported ~50% YoY growth in demand across existing high-protein products (High Protein Paneer, Greek Yogurt, Skyr).
- Manufactured using ultra-filtration technology rather than adding external protein powder.
- Expands portfolio beyond its 22 product categories and 640+ SKUs existing as of June 30, 2026.
Milky Mist Dairy Food Limited has launched 'Milky Mist High Protein Milk' in a 250 ml pack on October 15, 2026. The new offering targets consumers seeking higher protein intake and expands the company's portfolio into value-added dairy segments. The rollout is currently focused on the domestic market across select trade channels with progressive distribution planned. Financial targets, pricing, and volume projections for the launch were not disclosed in the filing.
- Launched Milky Mist High Protein Milk in a 250 ml pack
- Product launched on October 15, 2026
- Targeted exclusively at the domestic market via select trade channels
- Investment amount and revenue projections were not disclosed
Milky Mist Dairy Food Limited has issued a Postal Ballot Notice to seek shareholder approval for six special resolutions. These include the post-IPO ratification of its ESOP Scheme 2025 comprising up to 1,00,00,000 options convertible into equity shares of face value Rs 2 each. The company also seeks approval for executive remuneration payable to CMD Sathishkumar T and WTD & CEO Dr. K Rathnam, including aggregate remuneration exceeding Section 197 statutory limits. Remote e-voting runs from October 8, 2026 to November 6, 2026, with results expected on or before November 9, 2026.
- Ratification of ESOP Scheme 2025 authorizing issuance of up to 1,00,00,000 equity options of face value Rs 2 each
- Shareholder approval sought for aggregate executive director remuneration in excess of Section 197 limits
- Approval sought for remuneration of CMD Sathishkumar T and Whole-time Director & CEO Dr. K Rathnam
- Remote e-voting window begins October 8, 2026 (9:00 AM IST) and ends November 6, 2026 (5:00 PM IST)
- Cut-off date for voting eligibility set as October 2, 2026; voting results to be declared on or before November 9, 2026
Milky Mist Dairy Food Limited has commissioned a new 10 MW solar power plant at Arasanoor, scaling its total renewable generation capacity to approximately 41 MW. The 25 MW combined solar capacity at Arasanoor represents an investment of approximately Rs 109.60 crore. With this addition, the company now meets over 100% of its total power requirements from renewable sources. Cumulatively, Milky Mist has invested approximately Rs 197 crore across its renewable portfolio since 2016.
- Commissioned 10 MW solar plant at Arasanoor, taking location solar capacity to 25 MW
- Total renewable capacity expanded to 41 MW across 4 locations (including 2 MW wind)
- Total investment in 25 MW Arasanoor solar capacity stands at approximately Rs 109.60 crore
- Cumulative investment in 41 MW renewables reached close to Rs 197 crore since 2016
- Renewable energy generation now meets 100% of the company's total power requirements
Milky Mist Dairy Food Limited has informed the exchanges that its Senior Management will participate in an investor conference organized by Nuvama Institutional Equities. The event, titled 'Emerging India CEO Forum', is scheduled to take place physically at Grand Hyatt, Mumbai on September 28, 2026. The interactions will include group and one-on-one sessions with institutional investors and analysts. The company stated that no unpublished price sensitive information (UPSI) will be shared during these discussions.
- Conference scheduled for September 28, 2026 at Grand Hyatt, Mumbai
- Organized by Nuvama Institutional Equities under the 'Emerging India CEO Forum'
- Format includes both group and one-on-one physical interaction sessions
- No Unpublished Price Sensitive Information (UPSI) to be shared
Milky Mist Dairy Food Limited has informed the exchanges that its Senior Management will participate in an investor conference organized by Nuvama Institutional Equities. The event, titled 'Emerging India CEO Forum', is scheduled to take place physically at Grand Hyatt, Mumbai on September 28, 2026. The interactions will include group and one-on-one sessions with institutional investors and analysts. The company stated that no unpublished price sensitive information (UPSI) will be shared during these discussions.
- Conference scheduled for September 28, 2026 at Grand Hyatt, Mumbai
- Organized by Nuvama Institutional Equities under the 'Emerging India CEO Forum'
- Format includes both group and one-on-one physical interaction sessions
- No Unpublished Price Sensitive Information (UPSI) to be shared
Milky Mist Dairy Food Limited has commissioned a new Skyr and Greek Yogurt manufacturing facility at its Perundurai complex in Tamil Nadu. The project was built with an investment of approximately ₹40 crore, scaling processing capacity from 20 tonnes per day to up to 150 tonnes per day. The expansion uses advanced Ultrafiltration technology and aligns with IPO objects to capture high-protein dairy demand, which the company states has doubled in recent months. This will support the company's value-added product growth following a FY2026 revenue of ₹3,138.36 crore.
- Commissioned new Skyr and Greek Yogurt facility with an investment of approximately ₹40 crore
- Processing capacity expanded from ~20 tonnes per day to up to 150 tonnes per day
- Addresses surging demand, with category demand growing >50% annually and high-protein yogurt demand more than doubling recently
- Supports high-margin value-added dairy portfolio after achieving ₹3,138.36 crore revenue in FY2026 (31.26% CAGR from FY24)
Milky Mist Dairy Food Limited has commissioned a new Skyr and Greek Yogurt manufacturing plant at Perundurai, Tamil Nadu, effective September 10, 2026. The new plant adds up to 150 tonnes per day (TPD) of processing capacity, an 8.5x jump from the existing 20 TPD capacity that was operating at 100% utilization. The total investment for this facility is approximately Rs. 40 Crores, funded through a combination of internal accruals and IPO proceeds. The plant deploys ultrafiltration technology to cater to growing consumer demand for high-protein dairy products.
- Commissioned new Skyr and Greek Yogurt plant with up to 150 tonnes per day capacity
- Existing capacity was 20 tonnes per day operating at 100% utilization
- Total project investment is approximately Rs. 40 Crores
- Financed via a combination of internal accruals and IPO proceeds
- Effective commissioning date is September 10, 2026
Milky Mist Dairy Food Limited has revised its schedule for meetings with analysts and institutional investors in Mumbai. The Senior Management will participate in group and one-on-one sessions on September 10, 2026, and September 11, 2026, following up on an earlier intimation dated September 4, 2026. The company stated that no Unpublished Price Sensitive Information (UPSI) will be disclosed during these interactions. Milky Mist reported revenue of Rs 973.45 cr and net profit of Rs 64.68 cr in the June 2026 quarter.
- Revised meeting dates set for September 10, 2026, and September 11, 2026
- Meetings scheduled in Mumbai with analysts and institutional investors as group and one-on-one sessions
- Updates the previous communication issued on September 4, 2026
- Company confirmed zero Unpublished Price Sensitive Information (UPSI) will be shared
Milky Mist Dairy Food Limited has submitted the official transcript of its maiden Q1 FY27 earnings conference call held on September 1, 2026. Management highlighted its focus on value-added dairy products spanning 22+ categories and 640 SKUs, backed by an integrated supply chain in Perundurai, Erode. The company noted significant growth headroom in organized dairy, highlighting that organized paneer accounts for only 5% to 7% of India's total paneer consumption, where Milky Mist holds a ~20% share.
- Portfolio encompasses 22+ product categories with 640 SKUs as of June 30, 2026
- Pan-India distribution across 22 states and 5 union territories via 4,200+ distributors and ~4 lakh retail touch points daily
- Cold chain infrastructure supported by 375 primary vehicles, >600 secondary vehicles, and 41,000+ visi coolers and freezers
- Organized paneer represents only 5% to 7% of the total market, with Milky Mist commanding ~20% share in the organized segment
Milky Mist Dairy Food Limited has informed the exchanges that its senior management will participate in group and one-on-one meetings with analysts and investors in Mumbai. The meetings are scheduled across three days from September 9, 2026 to September 11, 2026. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during these interactions.
- Senior management participating in analyst and investor meetings in Mumbai
- Scheduled meeting window from September 9, 2026 to September 11, 2026
- Format includes both group meetings and one-on-one sessions
- No Unpublished Price Sensitive Information (UPSI) will be shared
Milky Mist Dairy Food Limited has disclosed the audio recording link for its post-earnings analyst and institutional investor conference call for the quarter ended June 30, 2026. This follows the company's prior scheduling intimation dated August 26, 2026. In the quarter ended June 2026, the company reported revenue of Rs 973.45 cr and net profit of Rs 64.68 cr. The filing is a standard regulatory compliance requirement.
- Audio recording of Q1 earnings call hosted on the company website
- Pertains to earnings call for the quarter ended June 30, 2026
- Follows earlier intimation dated August 26, 2026
Milky Mist Dairy Food Limited released its Q1 FY27 investor presentation ahead of its post-earnings call scheduled for September 1, 2026. The presentation highlights the company's 100% Value-Added Dairy Products (VADP) strategy, spanning 640+ products across 22 categories. Operational scale includes direct milk sourcing from 83,000+ farmers, 3,94,000+ retail touchpoints, and 4,200+ distributors across 22 states and 5 UTs. The company holds approximately 19% market share in organized packaged paneer and ~13% in organized yogurt across India.
- Operates across 640+ products in 22 categories backed by a 73-acre automated manufacturing facility in Perundurai
- Holds ~19% organized market share in packaged paneer nationwide and ~12% in cheese across South India for FY26
- Distribution infrastructure covers 3,94,000+ retail touchpoints with 41,000+ visi coolers and freezers deployed
- Procures milk directly from over 83,000 farmers via a 3-tier collection system
- Generates ~75% captive power through 29 MW solar and 2 MW wind, with 10 MW solar expansion under installation
Milky Mist Dairy Food Limited has shared its Q1 FY27 investor presentation ahead of its post-earnings conference call scheduled for September 1, 2026. The presentation highlights its focus on 100% Value-Added Dairy Products (VADP) with a portfolio of 640+ products across 22 categories. The company operates a direct procurement model with 83,000+ farmers and distributes across 3,94,000+ retail touchpoints with 41,000+ visi coolers and freezers. As of FY26, Milky Mist holds an estimated 19% organized market share in packaged paneer in India and 12% in South India's cheese segment.
- Commands ~19% organized market share in packaged paneer and ~13% in yogurt across India, plus ~12% cheese market share in South India (FY26)
- Distribution infrastructure includes 3,94,000+ retail touchpoints, 4,200+ distributors, and 41,000+ visi coolers across 22 states and 5 UTs
- Direct milk procurement network engaged with 83,000+ farmers
- Renewable energy base of 31 MW (29 MW solar, 2 MW wind) supplies ~75% of captive power demands, with 10 MW additional solar capacity under installation
Milky Mist Dairy Food Limited's Board of Directors approved the ratification of the Employee Stock Option Scheme 2025 (ESOP 2025) and modification of the vesting schedule for options granted on July 18, 2025, subject to shareholder approval via Postal Ballot. The scheme covers a total of 16,64,836 options convertible into equity shares of face value Rs. 2 each. To date, 3,29,576 options have vested, 48,174 options have lapsed, and zero options have been exercised.
- Approved ratification of ESOP 2025 and vesting schedule revisions subject to Postal Ballot
- Scheme covers 16,64,836 stock options convertible into Rs. 2 face value equity shares
- 3,29,576 options have vested and 48,174 options have lapsed to date
- Zero options have been exercised so far under the scheme
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