Milky Mist Dairy Food (MILKYMIST) Q1 26/27 earnings summary

Executive summary

• Achieved 44% year-over-year revenue growth in Q1 FY 2027, reaching INR 973.45 crore, driven by strong demand across all product categories and markets.

• Q1 FY27 marks the first quarterly results post-listing, with significant gross profit expansion from higher volumes, improved product mix, and pricing power.

• Paneer remains the largest contributor, with 34% volume and revenue growth, accounting for 26%-27% of total revenue.

• Significant expansion in product portfolio, now offering 22+ categories and 650+ SKUs, with a pan-India presence and robust distribution network.

• The company completed a significant private placement and IPO, resulting in substantial capital inflow and listing on NSE and BSE on August 18, 2026.

Financial highlights

• Revenue from operations in Q1 FY27 reached INR 973.45 crore, up 44% year-over-year.

• Gross profit for Q1 FY27 was INR 333.02 crore, with a gross margin of 34.21%, up 270 bps year-over-year.

• EBITDA reached INR 144.89 crore, with an EBITDA margin of 14.9%, up from 13.7% in FY 2026.

• Profit after tax stood at INR 64.68 crore, with a PAT margin of 6.64%.

• Price increases of 10.5% over the past year offset input cost inflation, supporting margin expansion.

Outlook and guidance

• Plans to deploy over 50,000 visi-coolers and freezers in the next three years to expand retail footprint.

• Continued investment in capacity, procurement, and technology to support growth and operational efficiency.

• Anticipates further margin expansion through scale, product mix, and operational leverage.

• Expects robust growth in both South and non-South markets, with non-South growing at 50% year-over-year.

• Focus remains on profitable growth through portfolio expansion, manufacturing and distribution investments, and operational efficiency.