Milky Mist Dairy Food shares jumped as much as 5% to hit the upper circuit and record high of ₹292.77 on Friday, September 11, after announcing the commissioning of a new Skyr and Greek Yogurt manufacturing facility. The stock has surged 75% from its 52-week low of ₹165 touched in August 2026, reflecting strong momentum since its market debut. From its IPO price of ₹140 on August 18, the stock is now up more than 109%, turning into a multibagger in just weeks of listing on BSE and NSE. According to NSE data, Milky Mist has a total market capitalisation of ₹22,538.71 crore as of the intraday high level.
Milky Mist reported exceptional financial results for Q1 FY27, with standalone net profit rising more than 1,000% year-on-year to ₹64.5 crore, compared to ₹5.7 crore in the corresponding period last year. Revenue from operations increased 45% to ₹973 crore from ₹673 crore a year earlier, as reported by Retail India News. The company's EBITDA grew 74.5% to ₹145 crore from ₹83 crore in the year-ago period, with EBITDA margin standing at 14.88%. This strong performance was driven by robust demand across Milky Mist's value-added dairy portfolio, including paneer, cheese, curd, yogurt and ice cream.
Milky Mist Dairy Food has commissioned a new skyr and greek yogurt manufacturing plant using ultrafiltration technology at its integrated manufacturing facility in Perundurai, Tamil Nadu. The facility was built with an investment of approximately ₹40 crore and has a processing capacity of up to 150 tonnes per day. The company had previously installed a customised multi-product yogurt manufacturing facility in 2022 with a capacity of about 20 tonnes per day, which was operating at 100% utilization prior to this commissioning. The addition of 150 tonnes per day represents a 7.5x increase in total processing capability, with the new facility developed following an extensive evaluation of global manufacturing technologies.
According to Milky Mist, the company has witnessed demand for high-protein yogurts more than double in recent months, reflecting the increasing relevance of protein-led nutrition in everyday consumption. Yogurt emerged as the fastest-growing segment, recording a 153% increase in sales during Q1 FY27, while ice cream sales grew 60% year-on-year. Paneer revenue rose 34%, and cheese and curd categories registered growth of 38% and 27% respectively. The company noted that annual demand for the yogurt category has grown by more than 50% since installing its initial 20-tonne facility in 2022, leading to rapid capacity outgrowth.
According to Dr. K Rathnam, whole-time director and CEO of Milky Mist Dairy Food, as reported by Retail India News, the company has started FY27 with strong performance, with revenue from operations growing 43.6% YoY to ₹973.45 crore in Q1 FY27. The gross profit expansion was primarily driven by higher volume growth, improved product mix, and pricing ability. Looking ahead to FY27, the company's focus will remain on driving profitable growth through portfolio expansion, operating discipline and investments in manufacturing and distribution capabilities. The company will continue to expand its range of value-added food products, strengthen its brands and distribution network, and increase presence across markets while balancing investments for future growth with disciplined execution.
