Milky Mist Dairy Food Ltd(MILKYMIST)

NSE: MILKYMISTBSE: 544868

₹ 271-1.19%refreshed 23 Oct, 03:51 pm ISTMarket cap: ₹ 20,863 crNext results: 29 Oct 2026Website: www.milkymist.com/Updated: 24 Oct 2026

About

Milky Mist Dairy Food Ltd is a Tamil Nadu-based integrated dairy company producing value-added dairy products including paneer, cheese, curd, yogurt, ice cream, and butter. Revenue from operations grew 43.6% YoY to Rs 973.45 Cr in Q1 FY27, reflecting broad-based volume growth across its product portfolio. The company operates a large manufacturing campus in Perundurai and procures 13.2 lakh litres of milk per day.^[1]

Products and brands

Core product categories include paneer (~26-27% of Q1 FY27 revenue), cheese (natural and processed), curd, yogurt (including Greek yogurt, Skyr, and high-protein variants), ice cream, and butter.^[1]
Yogurt delivered Rs 84.52 Cr revenue in Q1 FY27, growing 153% QoQ, cited as a high-margin, fast-growing category.^[1]
High-protein products (Greek yogurt, Skyr, high-protein paneer and cheese) are being developed as a distinct growth segment; additional high-protein RTD products are in the pipeline.^[1]

Operations and capacity

Primary manufacturing campus is located at Perundurai, Tamil Nadu; management states the Perundurai plant can support 3x - 3.5x of FY26 revenue at current pricing before a new facility is needed.^[1]
A new cheddar cheese plant was commissioned in Q1 FY27 with installed capacity of 120 MT/day of natural cheddar cheese, up from a prior 15.6 MT/day.^[1]
Total renewable energy capacity reached 41 MW after commissioning a 10 MW solar plant at Arasanoor on 30 September 2026; total investment in the Arasanoor facility was Rs 109.60 Cr.^[2]
Company owns a fleet of 375 primary vehicles with IoT and AI-driven routing, plus reverse logistics, saving 18 - 20% on logistics costs versus third-party operators.^[1]

Milk procurement

Daily milk procurement volume was 13.2 lakh litres/day in Q1 FY27, up 28% YoY.^[1]
Procurement for a planned Maharashtra manufacturing plant was initiated 6 - 7 months prior to Q1 FY27 to build local milk supply ahead of commissioning.^[1]

Key operating numbers

Paneer volume grew 34% YoY and ice cream volume grew 45% YoY in Q1 FY27; cheese revenue grew 38% YoY and curd revenue grew 27% YoY.^[1]
Gross profit margin was 34.21% in Q1 FY27, expanding ~270 bps YoY from 31.46% in Q1 FY26, driven by product mix, a ~10.5% blended price increase, and volume scale.^[1]
Geographic revenue split was 69% South / 31% non-South in Q1 FY27; non-South growing at ~50% YoY vs South at ~44% YoY.^[1]
E-commerce channel accounted for 19% of revenue in Q1 FY27.^[1]

Distribution and reach

Retail touchpoints exceeded 3,94,000 in Q1 FY27, served through 4,200+ distributors.^[1]
Over 41,000 visi coolers and ice cream freezers were deployed as of Q1 FY27.^[1]

Expansion and capex

Total capex programme of ~Rs 700 Cr covers whey protein, lactose, natural cheese expansion, processed cheese, and yogurt capacity at Perundurai, funded via IPO proceeds and bank lines, targeting completion by FY29.^[1]
A whey protein concentrate plant is expected to be operational within 15 - 18 months from Q1 FY27 (i.e., by approximately Q3 - Q4 FY28).^[1]
A Maharashtra manufacturing plant is planned approximately three years out from Q1 FY27; milk procurement in that region has already begun.^[1]
The company plans to deploy 50,000+ visi coolers, ice cream freezers, and chocolate coolers over FY27 - FY29.^[1]

Recent developments

A 10 MW solar plant was commissioned at Arasanoor on 30 September 2026, bringing total renewable energy capacity to 41 MW; the Arasanoor facility involved a total investment of Rs 109.60 Cr.^[2]
FSSAI and state-level bans on analogue paneer, combined with GST on paneer reduced to zero in September 2025, are accelerating volume shift to organised dairy players.^[1]
IPO fresh issue proceeds of Rs 496.9 Cr are earmarked for repayment or prepayment of outstanding borrowings, targeted by FY27.^[1]

Market Cap

₹20,863 Cr

High / Low

₹345 / 165

Promoter holding

79.5%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials