Milky Mist Dairy Food Ltd, one of India’s fastest-growing packaged food companies, has reported a nine-fold increase in profit after tax (PAT) to ₹64.68 crore for the first quarter of FY27, compared with ₹6.53 crore in the corresponding quarter of the previous fiscal.
The strong bottom-line performance was supported by robust volume growth, improved product mix, pricing ability and operational efficiencies, as the company continued to expand its value-added dairy and packaged food portfolio.
Revenue rises 44%
Milky Mist’s Q1FY27 revenue grew 44% year-on-year, driven by healthy sales across its portfolio and broad-based growth across product categories.
The company’s gross profit margin improved to 34.21% from 31.46% a year earlier, while EBITDA margin expanded to 14.88% from 12.24%. The company attributed the improvement in operating profitability primarily to enhanced operational efficiencies.
The performance comes as Milky Mist continues to increase its presence across both existing and new markets through product innovation, new variants and deeper distribution.
Yogurt, ice cream emerge as growth drivers
The company’s summer-focused portfolio, comprising ice cream, curd and yogurt, recorded strong year-on-year growth, aided by an extended summer season, particularly across southern India.
Paneer, the company’s largest revenue contributor, recorded 34% YoY revenue growth during the quarter. Cheese and curd also delivered healthy growth, with revenues rising 38% and 27%, respectively.
The ice cream category grew 60% YoY, while yogurt emerged as the standout performer, posting a 153% increase in revenue over the year-ago period.
Milky Mist said continued process and product innovation, introduction of new product variants and deeper market penetration helped drive growth across its existing markets as well as newer geographies.
New cheddar cheese plant commissioned
As part of its capacity expansion, Milky Mist commissioned a new cheddar cheese plant during Q1FY27, with an installed capacity of 120 tonnes per day.
The investment is expected to support the company’s growing cheese business and strengthen its manufacturing capabilities as demand for value-added dairy products increases.
The company operates an integrated supply chain covering milk procurement, processing, manufacturing, packaging and distribution, supported by technology-led and automated manufacturing capabilities at its Perundurai facility in Erode, Tamil Nadu.
640 SKUs across 22 categories
Milky Mist has built a diversified portfolio spanning paneer, cheese, curd, butter, ghee, yogurt, ice cream and UHT products, alongside frozen, ready-to-eat, ready-to-cook foods and chocolates.
As of June 30, 2026, the company offered 22 product categories across 640 SKUs, catering to multiple consumption occasions ranging from breakfast to dinner.
The portfolio is led by the flagship Milky Mist brand, alongside SmartChef, Capella, Briyas and Asal.
Focus on profitable growth
Looking ahead, the company plans to focus on expanding its product portfolio while strengthening manufacturing and distribution capabilities.
“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,” said Milky Mist Dairy Food Ltd, Wholetime Director and Chief Executive Officer, K Rathnam.
“We will continue to expand our range of value-added food products, strengthen our brands and distribution network, and increase our presence across markets. We remain focused on improving efficiency and leveraging scale while balancing investments for future growth with disciplined execution and financial performance,” Rathnam added.
With strong growth across core dairy categories, rapid expansion in newer segments such as yogurt and ice cream, and investments in manufacturing capacity, Milky Mist is seeking to strengthen its position in India’s growing value-added dairy and packaged FMCG market.