Milky Mist Q1 FY27 profit jumps 9x as revenue rises 44% on volumes, mix and pricing
Milky Mist Dairy Food reported Q1 FY27 net profit of ₹65 crore, up 829% year on year, while revenue rose 43.6% to ₹973.4 crore. EBITDA grew 77% to ₹143.8 crore and margin expanded to 15%, aided by higher volumes, product mix and pricing. The company also commissioned a 120 MT-per-day cheddar cheese plant.
What happened
Milky Mist Dairy Food · Milky Mist reported strong Q1 FY27 growth, with profit rising 829% and revenue up 43.6%, helped by volumes, product mix and pricing. It
Key facts
- Net profit: ₹65 crore, up 829% YoY from ₹7 crore
- Revenue: ₹973.4 crore, up 43.6% YoY from ₹678.1 crore
- EBITDA: ₹143.8 crore, up 77% YoY from ₹81.3 crore
- EBITDA margin: 15%, versus 12% a year earlier
- Paneer revenue growth: 34% YoY
- Cheese revenue growth: 38% YoY
- Curd revenue growth: 27% YoY
- Ice cream revenue growth: 60% YoY
- Yogurt revenue growth: 153% YoY
- New Cheddar Cheese Plant capacity: 120 MT per day
- Share price: ₹210.90, down 1.84%
Why this matters
The 120 MT-per-day cheddar cheese plant strengthens Milky Mist’s value-added dairy footprint and makes cheese capacity a central lever for growth and partnership or consolidation strategy.
What to watch
- Milk procurement-price trend versus retail price realization.
- Cheddar plant utilization, yield, commissioning costs and contribution to cheese-category margins.
- Volume growth split from pricing growth in subsequent quarters.
- EBITDA margin retention relative to the 15% Q1 level.
- Share of revenue from cheese, paneer and other value-added products.
- Inventory, receivables and operating cash-flow movement as capacity and distribution expand.
- Competitive pricing and promotional activity from organized dairy peers and private labels.
- Accelerate branded cheese distribution in modern trade, quick commerce and food-service channels using output from the new cheddar facility.
- Prioritize premium and value-added dairy categories to preserve mix-led margin gains rather than relying predominantly on price increases.
- Lock in milk procurement through farmer relationships, supply contracts and seasonal inventory planning to reduce exposure to input inflation.
- Increase trade marketing and regional distribution investment, which may lift revenue but moderate near-term operating leverage.
- Use stronger cash generation to fund cold-chain, capacity and geographic expansion, raising execution and working-capital requirements.