Milky Mist Dairy Food Limited Q2 FY27 Earnings Call Transcript Released
Milky Mist Dairy Food Limited reported strong Q2 FY27 results with revenue up 41.6% to ₹1,089 crore and PAT up threefold to ₹77.9 crore. The company commissioned a new ₹40 crore yogurt facility and expanded its protein-focused portfolio. Management expects to sustain growth and 15% EBITDA margins in H2 FY27.
The announcement provides a detailed update on quarterly financial performance, strategic initiatives like new facility commissioning and product launches, and future outlook, which are material information for investors.
The company reported strong financial performance with significant year-on-year growth in revenue, gross profit, EBITDA, and PAT. Management expressed confidence in future growth and margin sustainability.
Milky Mist Dairy Food Limited has released the transcript of its Q2 FY27 and H1 FY27 Earnings Conference Call, which was held on October 30, 2026. This call provided an update on the company's performance and strategic initiatives.
During the call, management highlighted a very successful Q2 FY27, with significant milestones achieved in revenue, EBITDA, and margins. The company focused on strengthening its value-added product portfolio and expanding market presence. Despite a challenging FMCG sector environment marked by retail and food inflation, Milky Mist leveraged its strong procurement ecosystem and stable product demand.
The company reported strong growth in key categories, with Paneer showing a 44% year-on-year growth. The protein-focused portfolio, including high-protein paneer cubes, cheese, curd, and yogurt, is seeing growing demand. A new manufacturing facility for Skyr and Greek yogurt was commissioned in September 2026 at the Perundurai plant with an investment of ₹40 crore, increasing capacity to 150 tons per day. The company also launched high-protein lactose-free milk in October 2026.
Financially, for Q2 FY27, revenue from operations grew 41.6% year-on-year to ₹1,089 crore. Gross profit increased by 46.4% to ₹368.8 crore, with gross margins improving to 33.9%. EBITDA rose by 53.9% to ₹165.2 crore, with EBITDA margins reaching 15.2%. Profit after tax increased threefold to ₹77.9 crore.
For H1 FY27, revenue from operations stood at ₹2,062.9 crore, a 42.5% year-on-year increase. Gross profit increased by 50.9% to ₹701.9 crore, and EBITDA rose by 62.9% to ₹310 crore, with EBITDA margins expanding to 15.03%. Profit after tax increased by 308.4% to ₹142.6 crore.
The company is expanding its distribution network, reaching approximately 4 lakh retail touchpoints and 4,200 distributors. Online channels contributed 21% of revenue in H1 FY27. A new manufacturing facility is planned in Baramati, Maharashtra, expected to be operational in three years. The company is also exploring adding another 200 tons per day paneer manufacturing facility at its Perundurai plant.
Management expressed confidence in sustaining growth rates and EBITDA margins in the mid-teens for the second half of the fiscal year. They are focusing on increasing procurement volumes, expanding product categories, enhancing capacity utilization, deepening consumer reach, and building the high-protein product range.
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