Milky Mist Q1 profit jumps 9.9x as summer demand lifts yogurt and ice cream
Milky Mist reported Q1FY27 revenue of ₹973.4 crore, up 43.6% year on year, while net profit rose to ₹64.6 crore from ₹6.5 crore. EBITDA margin expanded to 14.88% as yogurt revenue grew 153% and ice-cream sales rose 60%. The dairy brand has also commissioned a 120-tonne-per-day cheddar and cheese plant.
What happened
Milky Mist Dairy Food Ltd · Tamil Nadu dairy brand Milky Mist reported nearly tenfold Q1FY27 profit growth as summer demand lifted yogurt, ice cream and curd
Key facts
- Q1FY27 net profit ₹64.6 crore, up 9.9x from ₹6.5 crore
- Revenue from operations ₹973.4 crore, up 43.6% from ₹678.1 crore
- EBITDA ₹144.89 crore, up 74.5% year-on-year
- EBITDA margin 14.88%, versus 12.24%
- Paneer sales up 34%; yogurt revenue up 153%; ice-cream sales up 60%
- New cheddar and cheese plant capacity: 120 tonnes per day
- Milk sourcing: 80-85% from Tamil Nadu
- Q4FY26 price increase: 10.6%
- Listed at ₹165 versus ₹140 issue price; shares closed at ₹210.50
Why this matters
Milky Mist’s 120-tonne-per-day cheddar and cheese facility strengthens its value-added dairy platform, making cheese adjacencies, cold-chain capabilities and premium snack partnerships potential strategic expansion areas.
What to watch
- Whether yogurt and ice-cream growth remains elevated in the post-summer quarters.
- EBITDA margin retention versus Q1's 14.88% level.
- Raw milk price inflation, procurement availability and any increase in farmer payout costs.
- Cheese plant commissioning timeline, capacity utilization, product quality and initial customer wins.
- Growth in modern trade, quick-commerce and foodservice distribution versus general trade.
- Inventory days, receivables and operating cash flow as new capacity and cold-chain distribution expand.
- Competitive promotions or price actions from major dairy and ice-cream brands.
- Accelerate distribution of yogurt, ice cream and cheese through quick commerce, modern retail and high-density urban outlets.
- Use the cheddar and cheese plant to target institutional buyers, QSRs, pizza chains, cafes and food manufacturers alongside retail packs.
- Prioritize premium and family-size SKUs to preserve realization rather than relying on broad discounting after summer.
- Secure milk procurement through farmer relationships, long-term sourcing arrangements and regional supply diversification.
- Invest in cold-chain capacity and demand forecasting to reduce spoilage and stock-outs during seasonal peaks.