Milky Mist Q2 revenue surges 42% YoY, EBITDA soars 54%

Milky Mist Dairy Food reported a 41.6% year-on-year increase in revenue from operations in the September quarter, driven by volume growth and demand for value-added dairy products, the company said in a statement.The company's revenue and gross profit reached record quarterly highs in the second quarter of FY27, it said in a release.Growth was supported by steady demand across its product portfolio, both in value and volume terms, expansion into new markets and rising consumption of value-added dairy products. Its protein-focused range was the fastest-growing segment, while yoghurt remained its fastest-growing category during the quarter.“Despite prevailing agricultural inflation, the impact of El Nino and geopolitical uncertainties, we have achieved higher revenue growth, improved margins and profitability,” said K Rathnam, whole-time director and chief executive officer.Actions against the unorganised sector have helped improve our paneer volumes by around 5%, he said, adding that the regulator’s enforcement activities will benefit the sector in the long run.Live EventsFor the first half of FY27, revenue from operations grew 42.5% year-on-year, while EBITDA increased 62.9%. Profit after tax rose 308.4%, the company said.Milky Mist has been expanding its protein-focused portfolio, launching Skyr and Greek yoghurt in four-pack formats during the quarter, following the introduction of high-protein paneer cubes in the previous quarter. It has also added high-protein lactose-free milk to its portfolio, using existing manufacturing facilities.The company's priorities include expanding its value-added product portfolio, strengthening distribution, improving capacity utilisation and increasing investments in milk procurement and manufacturing to sustain growth.(You can now subscribe to our ETMarkets WhatsApp channel)

Milky Mist Q2 revenue surges 42% YoY, EBITDA soars 54%

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