Milky Mist Dairy Food Releases Q1 FY27 Earnings Call Transcript
Milky Mist Dairy Food reported a 44% YoY revenue growth to ₹973.45 crore for Q1 FY27. EBITDA margin improved to 14.9% and PAT margin stood at 6.6%. Key growth drivers included paneer, cheese, curd, and a significant 153% YoY increase in yogurt revenue. The company plans to deploy over 50,000 visi coolers and expand its whey protein capacity.
The announcement details strong financial performance, strategic growth initiatives, and expansion plans which are material for investors and stakeholders.
The company reported strong year-on-year revenue growth, improved margins, and significant growth in key product categories. Management expressed confidence in future growth and strategic priorities.
Milky Mist Dairy Food Limited has released the transcript of its Q1 FY27 earnings conference call held on September 1, 2026. The call, which followed the company's results for the quarter ended June 30, 2026, featured discussions with Chairman and Managing Director Mr. T. Sathishkumar, Whole-Time Director and CEO Dr. K. Rathnam, and Chief Financial Officer Mr. Biswajit Mishra.
During the call, Dr. K. Rathnam provided an overview of the company's journey, highlighting its pioneering role in launching branded packaged paneer in 1997-98 and its subsequent expansion into a diversified dairy and food company with over 22 product categories and 640 SKUs. He detailed the company's five product segments: Basic needs, Indulgence, Impulse/On-the-go, After-meal, and Healthy choices. The company highlighted its manufacturing strength at the Perundurai facility, its direct milk sourcing from farmers, and its robust, company-owned logistics network comprising 375 vehicles.
Milky Mist reported a strong Q1 FY27 performance with revenue growing by 44% year-on-year to ₹973.45 crores. Key categories like paneer, cheese, curd, and ice cream showed significant growth. Notably, the yogurt category (including Greek Yogurt and Skyr) saw a 153% quarter-on-quarter revenue growth to ₹84.5 crores. Gross profit stood at ₹333 crores with a margin of 34.2%, EBITDA was ₹144.89 crores (14.9% margin), and Profit After Tax was ₹64.67 crores (6.6% margin). The company also commissioned a new cheddar cheese plant with a capacity of 120 metric tons per day.
Discussions also covered procurement strategies, including a long-term contract with Innoterra's offshoot, MilkLane. The company emphasized its focus on retail sales rather than QSRs and elaborated on the growth potential of its high-protein paneer segment. Regarding margins, the company explained that its diversified value-added product mix, rather than liquid milk, drives profitability. They also confirmed a 10.5% price increase implemented earlier, which offset input cost rises and contributed to margin expansion.
The company outlined its strategic priorities: strengthening market leadership, expanding capacity, enhancing brand visibility, pursuing inorganic growth, leveraging technology, and further expanding its retail footprint with plans to deploy over 50,000 visi coolers, ice cream freezers, and chocolate coolers over the next three fiscal years. A new whey protein concentrate manufacturing unit is also planned, with the plant expected to be operational in 15-18 months.
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Milky Mist Dairy Food Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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