Milky Mist Dairy Food Limited reported a robust performance for the second quarter and half-year ended September 30, 2026. Revenue from operations grew by 41.58% year-on-year to ₹1,089.40 crore in Q2 FY27. Profit After Tax saw a remarkable increase of 174.50% to ₹77.94 crore. This growth was driven by strong demand, operational efficiencies, and an expanded product portfolio.
Milky Mist Dairy Food Reports Strong Q2 FY27 Results
Milky Mist Dairy Food Limited announced its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026, showcasing significant year-on-year growth across key financial metrics. The company achieved its highest-ever quarterly revenue, highlighting strong market demand and operational performance.
Quarterly Performance (Q2 FY27 vs Q2 FY26)
- Revenue from operations increased by 41.58% to ₹1,089.40 crore in Q2 FY27, compared to ₹769.47 crore in Q2 FY26.
- Gross Profit grew by 46.41% to ₹368.83 crore.
- Gross Profit margin improved to 33.86% from 32.74% in the prior year period.
- EBITDA surged by 53.90% to ₹165.21 crore.
- EBITDA Margin expanded to 15.17% from 13.95%.
- Profit After Tax (PAT) demonstrated exceptional growth, increasing by 174.50% to ₹77.94 crore, compared to ₹28.39 crore in Q2 FY26.
- Profit After Tax Margin rose to 7.15% from 3.69%.
Half-Yearly Performance (H1 FY27 vs H1 FY26)
- Revenue from operations for the half-year ended September 30, 2026, rose by 42.50% to ₹2,062.85 crore.
- Gross Profit increased by 50.85% to ₹701.85 crore.
- EBITDA grew by 62.90% to ₹310.10 crore.
- Profit After Tax (PAT) witnessed a substantial increase of 308.44% to ₹142.62 crore.
Key Growth Drivers
The company attributed its strong performance to steady demand across its product portfolio, driven by both value and volume. The protein range was identified as the fastest-growing segment, supported by increasing consumption of value-added dairy products (VADP) and market expansion. Operational efficiencies, product mix optimization, and EBITDA expansion from loan repayments also contributed to the improved profitability.
Product Portfolio Expansion
Milky Mist has been actively strengthening its product offerings, particularly in the high-protein segment. The launch of Skyr and Greek Yogurt in a four-pack format, following the introduction of High-Protein Paneer Cubes in Q1, reflects this strategy. The company has also recently expanded its portfolio with high-protein lactose-free milk.
Future Outlook
Looking ahead, Milky Mist plans to focus on scaling its value-added product portfolio, expanding distribution networks, and improving capacity utilization to meet evolving consumer demand. The company also intends to continue investing in milk procurement, manufacturing capabilities, and market presence to drive profitable growth and long-term value creation.
Source: BSE
