National, 29th October 2026: Milky Mist Dairy Food Limited (“Milky Mist” or “Company”) (NSE: MILKYMIST |BSE: 544868), India’s fastest-growing packaged food Company today announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2026.
| Particulars (Rs in Cr) | Q2 FY27 | Q2 FY26 | YoY | H1 FY27 | H1 FY26 | YoY |
| Revenue from operations | 1,089.40 | 769.47 | 41.58% | 2,062.85 | 1,447.57 | 42.50% |
| Gross Profit | 368.83 | 251.92 | 46.41% | 701.85 | 465.26 | 50.85% |
| Gross Profit margin | 33.86% | 32.74% | 34.02% | 32.14% | ||
| EBITDA# | 165.21 | 107.35 | 53.90% | 310.10 | 190.36 | 62.90% |
| EBITDA Margin* | 15.17% | 13.95% | 15.03% | 13.15% | ||
| Profit After Tax | 77.94 | 28.39 | 174.50% | 142.62 | 34.92 | 308.44% |
| Profit After Tax Margin | 7.15% | 3.69% | 6.91% | 2.41% |
# EBITDA includes Other Income *EBITDA Margin = EBITDA / Revenue from operations.
- In Q2 FY27, the revenue from operations, gross profit and EBITDA surged to new quarterly highs.
- Revenue growth was driven by steady demand across the product portfolio both by value and volume – Protein range being the fastest growing segment, increasing consumption of value-added dairy products (VADP) and market expansion.
- Increase in the EBITDA and EBITDA margin on a YoY basis is primarily due to volume growth, operational efficiencies and product mix.
- The YoY growth in PAT is primarily due to EBITDA expansion, repayment of loans and deferred tax asset creating in accordance with the accounting standard.
Dr. K Rathnam, Wholetime Director and Chief Executive Officer, Milky Mist Dairy Food Limited, said:
“In Q2 FY27, in spite of prevailing inflation in agricultural sector, El Nino impact and geopolitical uncertainties, Milky Mist has achieved higher revenue growth, improved margins and profitability due to wide range of value added products, calibrated price increase, capacity utilization, operational efficiencies, and focused strategic approach towards the entire operations.
In H1 FY27, the revenue from operations grew by 42.5% on YoY basis and EBITDA by 62.9%. The growth in Profit after tax was 308.4%.
Yogurt continued as the highest growing category in Q2FY27 with capacity expansion. During the quarter, we strengthened our protein-focused portfolio with the launch of Skyr and Greek Yogurt in Pack of four format following the introduction of High-Protein Paneer Cubes in Q1. To further strengthen the high protein products category, recently we have also expanded our portfolio with high protein lactose free milk from the existing manufacturing facilities.
Moving forward our priorities remain scaling our value-added portfolio, expanding distribution and improving capacity utilisation to meet evolving consumer demand. We will continue to invest in expanding milk procurement, manufacturing and market presence while maintaining a focus on profitable growth and long-term value creation.”
Milky Mist Dairy Food Limited is a leading value added dairy and packaged food company in India, with a diversified portfolio spanning paneer, cheese, curd, butter, ghee, yogurt, ice cream and UHT products, along with frozen, ready-to-eat and ready-to-cook foods and chocolates. The Company operates under its flagship ‘Milky Mist’ brand and other brands including ‘SmartChef’, ‘Capella’, ‘Briyas’ and ‘Asal’. As of September 30, 2026, the Company offered 22 product categories across 640+ SKUs, addressing multiple consumption occasions from breakfast to dinner.
Milky Mist has built an integrated supply chain spanning milk procurement, processing, manufacturing, packaging and distribution, supported by technology-led and automated manufacturing capabilities at its Perundurai facility in Erode, Tamil Nadu. The Company’s revenue grew at a CAGR of 31.26% between FY2024 and FY2026, reaching Rs. 3,138.36 crore in FY2026. In FY2026, Milky Mist was the largest private packaged paneer brand in India’s organised market, the largest private packaged cheese brand in South India and among the top two private packaged yogurt brands in India.
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors
