Milky Mist Q1FY27 revenue rises 44%; PAT jumps nearly 9x
Erode-based Milky Mist posted Q1FY27 revenue of ₹973.45 crore and PAT of ₹64.68 crore, driven by value-added dairy categories, mix and pricing gains. It has also commissioned a 120-tonne-per-day cheddar cheese plant to support expansion.
What happened
Milky Mist reported strong Q1FY27 growth, with PAT rising nearly 890% and revenue up 44%, driven by value-added dairy categories, improved mix and pricing. The
Key facts
- Q1FY27 PAT ₹64.68 crore, up 889.81% YoY from ₹6.53 crore
- Revenue from operations ₹973.45 crore, up 43.6% YoY from ₹678.09 crore
- EBITDA ₹144.89 crore, up 74.5% YoY from ₹83.02 crore
- EBITDA margin 14.88%, versus 12.24%
- Gross profit ₹333.02 crore, up 56.1% YoY
- Gross margin 34.21%, versus 31.46%
- Paneer revenue up 34% YoY; cheese up 38%; curd up 27%; ice cream up 60%; yogurt up 153%
- New cheddar cheese plant capacity: 120 tonnes per day
Why this matters
Milky Mist’s cheese-capacity build-out and rapid profit expansion strengthen its position as a value-added dairy platform, potentially making it a more formidable partner, target, or competitor in premium dairy.
What to watch
- Quarterly volume growth versus pricing-led growth in value-added categories.
- EBITDA-margin retention after milk procurement costs and cheese-plant ramp-up costs.
- Cheddar plant utilization, yield, customer additions and contribution to mix.
- Milk price trends, monsoon conditions and fodder-cost inflation.
- Distribution expansion beyond core South Indian markets and modern-trade/e-commerce sales growth.
- Competitive pricing and promotional intensity from Amul, Mother Dairy, Hatsun and regional dairy brands.
- Scale cheddar cheese distribution across foodservice, QSR, modern trade and e-commerce channels.
- Use stronger profitability to fund cold-chain, capacity and geographic expansion without materially increasing leverage.
- Increase brand and trade investment in high-margin value-added dairy while protecting price architecture.
- Pursue institutional supply contracts that raise utilization at the new cheese plant.