Milky Mist Q1 profit jumps nearly 10-fold as yogurt and ice cream demand accelerates
Milky Mist reported Q1FY27 net profit of ₹64.6 crore, up 9.9x year-on-year, as revenue rose 43.6% to ₹973.4 crore. Strong summer demand lifted yogurt sales 153% and ice cream 60%, while EBITDA margin expanded to 14.88%. The dairy maker plans Q2 pricing action to offset higher milk costs.
What happened
Milky Mist Dairy Food Ltd · Milky Mist’s Q1FY27 profit rose nearly tenfold as summer demand lifted yogurt and ice-cream sales, while margins expanded. The
Key facts
- Q1FY27 net profit ₹64.6 crore, up 9.9x year-on-year from ₹6.5 crore
- Revenue ₹973.4 crore, up 43.6% year-on-year
- EBITDA ₹144.89 crore, up 74.5% year-on-year
- EBITDA margin 14.88%, versus 12.24%
- Paneer sales up 34%; yogurt up 153%; ice cream up 60%
- New cheddar and cheese plant capacity: 120 tonnes per day
- Q4FY26 price increase: 10.6%
- Milk sourced from Tamil Nadu: 80-85%
- Listed at ₹165 versus ₹140 issue price; shares closed at ₹210.50
Why this matters
Milky Mist’s fast-growing value-added dairy platform and expanding margins strengthen its appeal for partnerships or acquisitions in cold-chain, premium dairy and adjacent frozen-food categories.
What to watch
- Magnitude and timing of Q2 milk-price inflation versus announced retail price hikes.
- Post-price-increase volume growth, especially in yogurt and ice cream.
- EBITDA-margin retention versus the Q1FY27 level of 14.88%.
- Competitive promotions and shelf-space activity from national and regional dairy brands.
- Summer demand durability after seasonal peak and performance in non-summer months.
- Milk procurement availability, farmer payout trends and weather-related supply disruptions.
- Implement selective Q2 price increases, prioritizing premium yogurt, cheese and ice-cream SKUs with lower elasticity.
- Use pack-size and price-point architecture to preserve entry-level affordability while improving realization per kilogram.
- Lock in milk procurement through farmer-network incentives, supply agreements and seasonal inventory planning to reduce input-cost volatility.
- Increase modern-trade, quick-commerce and cold-chain availability for high-growth value-added dairy categories.
- Maintain marketing investment behind yogurt and ice cream, but shift measurement toward repeat purchase and contribution margin rather than gross sales growth.