Revenue grew 43.6% year-on-year (YoY) to ₹973.4 crore from ₹678.1 crore in the corresponding quarter last year, supported by healthy sales performance across its entire product portfolio, reflecting broad-based growth.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 77% YoY to ₹143.8 crore from ₹81.3 crore. The EBITDA margin stood at 15%, compared with 12% in the year-ago period.
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The summer portfolio, comprising ice creams, curd and yogurt, recorded strong YoY growth, supported by an extended summer season, particularly across Southern India.
Paneer remained the largest contributor, with revenue growth of 34% YoY. Cheese and curd categories also continued to deliver healthy growth, with revenue rising 38% and 27%, respectively. Revenue from the ice cream category grew 60% YoY, while the yogurt category emerged as a standout performer with 153% YoY growth.
The company further strengthened growth through continued process and product innovation, new product variants and deeper market penetration, enabling expansion across existing as well as new geographies.
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Gross profit expansion was primarily driven by higher volume growth, improved product mix and pricing ability. Operational efficiencies primarily contributed to EBITDA growth and EBITDA margin expansion. In Q1FY27, Milky Mist commissioned a new Cheddar Cheese Plant with an installed capacity of 120 MT per day.
Dr K Rathnam, Wholetime Director and Chief Executive Officer, Milky Mist Dairy Food Limited, said, “We have started FY27 with a strong performance, with Revenue from Operations growing 43.6% YoY to ₹973.45 crore in Q1FY27. The gross profit expansion was primarily driven by higher volume growth, improved product mix and pricing ability.
As we look ahead to FY27, our focus will remain on driving profitable growth through portfolio expansion, operating discipline and investments in our manufacturing and distribution capabilities. We will continue to expand our range of value-added food products, strengthen our brands and distribution network, and increase our presence across markets.
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We remain focused on improving efficiency and leveraging scale while balancing investments for future growth with disciplined execution and financial performance. With the capabilities we have built and the
opportunities ahead, we are confident of strengthening our position in the value-added FMCG space and delivering sustainable growth over the year.”
Shares of Milky Mist Dairy Food Ltd ended at ₹210.90, down by ₹3.95, or 1.84%, on the BSE.
