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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Milky Mist Dairy Food
Milky Mist Dairy Food (MILKYMIST) investor relations material
Milky Mist Dairy Food Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary30 Oct, 2026
Executive summary
Q2 FY27 consolidated revenue reached a quarterly record of ₹1,089.40 crore, up 41.58% YoY; EBITDA rose 53.90% and PAT rose 174.50%.
Growth was supported by volume gains, value-added dairy demand, market expansion, operational efficiencies and product mix.
H1 FY27 revenue rose 42.50% YoY to ₹2,062.85 crore; EBITDA increased 62.90% and PAT 308.44%.
Management cited elevated input costs and cautious demand, while prioritising profitable growth, renewable energy, automation and portfolio expansion.
Financial highlights
Q2 FY27 revenue from operations was ₹1,089.40 crore vs ₹769.47 crore; gross profit was ₹368.83 crore vs ₹251.92 crore.
Q2 EBITDA was ₹165.21 crore vs ₹107.35 crore; PAT was ₹77.94 crore vs ₹28.39 crore.
H1 FY27 revenue was ₹2,062.85 crore vs ₹1,447.57 crore; gross profit was ₹701.85 crore vs ₹465.26 crore.
H1 EBITDA was ₹310.10 crore vs ₹190.36 crore; PAT was ₹142.62 crore vs ₹34.92 crore.
Outlook and guidance
Management expects to sustain ~40%+ growth and ~15% EBITDA margins, with calibrated pricing, product mix and utilisation supporting profitability.
High-protein products contribute 11%-12% of top line; management targets 18%-20% over the next two to three years, with margins above 50%.
Paneer capacity could approach its 150-ton/day limit within 24-30 months; a proposed 200-ton/day addition at Perundurai would raise capacity to 350 tons/day.
Baramati facility planning and approvals are underway; procurement will be built to 2-3 lakh liters/day before commissioning, targeted in about three years.
Priorities include value-added product lines, expanded procurement and distribution, improved capacity utilisation, and profitable growth; planned launches include whey protein, yogurt, cream cheese and processed cheese.
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Latest events from Milky Mist Dairy Food
- Revenue surged 41%, while input costs and expansion financing pressured profit.MILKYMIST
Q4 22/23 - Q1 FY27 revenue rose 44% YoY, with margin expansion and new capacity from IPO proceeds.MILKYMISTQ1 26/27
- Revenue and net profit surged, with major acquisition, Ind AS transition, and high leverage.MILKYMISTQ4 24/25
- Revenue up 32.8% YoY, but net profit down 30.5% amid higher costs and expenses.MILKYMISTQ4 23/24
- Revenue up 33.8% and net profit up 175.6% year-over-year, with strong capex and expansion.MILKYMISTQ4 25/26
Next Milky Mist Dairy Food earnings date
Q3 26/2729 Jan, 2027
Milky Mist Dairy Food
Next Milky Mist Dairy Food earnings date
Q3 26/2729 Jan, 2027
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