Milky Mist Q2 FY27: Profit Jumps 175% to ₹78 Crore

Milky Mist Dairy Food ( MILKYMIST ) delivered a strong Q2 FY27 performance, with revenue growing over 41% and net profit rising nearly threefold. The company also expects the upcoming festive season to support demand across its product categories, providing further growth visibility. Key Q2 FY27 Highlights - Revenue from operations: ₹1,089.4 crore, up 41.6% YoY. - Net profit: ₹77.94 crore, up 174.5% YoY. - EBITDA: ₹165.21 crore, up 53.9% YoY. - EBITDA margin: Improved to 15.17% from 13.95% a year ago. - H1 FY27 revenue: ₹2,062.85 crore, up 42.5%. - H1 FY27 net profit: ₹142.62 crore, up 308.4%. What Is Driving the Growth? Demand for value-added dairy products, particularly protein-focused products and yoghurt, has supported the company's performance. Yoghurt remained its fastest-growing category during the quarter. Milky Mist is expanding its portfolio through products such as Skyr, Greek yoghurt and high-protein lactose-free milk. Distribution expansion, capacity utilisation and investments in manufacturing and milk procurement are also central to its growth strategy. Management expects the festive season to create favourable demand conditions, although consumer demand remains sensitive to inflation and broader economic uncertainties. My View Milky Mist is benefiting from a structural shift towards organised, branded and value-added dairy consumption. Its strong revenue growth, improving EBITDA margins and expansion into protein-focused products make the business worth tracking. However, investors should look beyond the 175% profit growth. The sustainability of margins, milk procurement costs, capacity utilisation and the company's ability to expand beyond its existing regional strongholds will be important determinants of future performance. The festive season could provide a near-term demand boost, but long-term value creation will depend on execution, profitability and disciplined capacity expansion.