Milky Mist Shares Hit Upper Circuit as Q1 Net Profit Surges

Shares of Milky Mist Dairy Food locked in the 10% upper circuit limit at ₹232.03 on the NSE after reporting its maiden quarterly earnings post-listing. The stock has jumped nearly 28% in just two weeks following its market debut, pushing its market capitalization to ₹17,862 crore. For the quarter ended June 30, 2026, the company posted a massive 1,024% jump in standalone net profit to ₹64.45 crore, compared to ₹5.73 crore in the year-ago period. Revenue from operations climbed 44.7% year-on-year to ₹973.39 crore, fueled by robust summer demand for high-margin products like yogurt and ice cream. Unlike traditional dairy companies focused on low-margin liquid milk, Milky Mist operates exclusively in value-added dairy products (VADP) such as paneer, cheese, curd, and butter. Gross margins expanded to 34.21%, outperforming peers like Hatsun and Heritage Foods. Operating leverage and raw milk price stabilization further boosted EBITDA margins by 278 basis points to 14.68%. Analysts note that the company’s plans to debt-fund repayments via IPO proceeds will lower interest expenses, strengthening profitability across upcoming quarters.