Milky Mist Dairy Food shares surge 10% on strong Q1 growth
retained text
Yogurt and ice cream emerged as the standout categories, posting year-on-year revenue growth of 153% and 60%, respectively, aided by an extended summer season. Cheese revenue increased 38%, while paneer, the company's largest category, grew 34%. Milky Mist believes that the Perundurai facility still has significant spare capacity and, at current product prices, can potentially support revenue of 3-3.5 times FY26 levels before a new manufacturing facility is required. This provides substantial headroom for growth while supporting operating leverage. Geographic expansion is another important growth driver. Although South India contributes nearly 69% to revenue, other markets are growing faster and are expected to account for around 40% of the business over time. The company expects to achieve this by strengthening distribution network, expanding cold-chain infrastructure and scaling up milk procurement operations in states such as Karnataka and Maharashtra. Read more: Indian banks slash FCNR deposit rates by up to 310 basis points Milk inflation poses as a key near-term risk. However, the company believes its diversified portfolio of value-added dairy products provides adequate pricing power to manage input-cost pressures. It expects margins to benefit from a richer product mix, better capacity utilisation and continued operational efficiencies. Overall, Milky Mist's medium-term growth story extends beyond paneer. The focus is increasingly on sweating existing assets, scaling protein products, expanding cheese and yogurt, and increasing penetration outside South India while maintaining profitability growth. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-02 02:58