Milky Mist Dairy Food Limited — Q1FY27 earnings call summary

Filed 07 September 2026 · Official transcript

Capacity utilization ~50%, with potential to triple FY26 revenue from current plant
Strong growth outlook driven by organized paneer market expansion, analogue paneer ban, and protein-rich product demand
EBITDA margin improved to 14.9% from 12.24% in Q1 FY26; PAT margin at 6.6%
Expect operating margin leverage of ~0.5% with scale; potential for margin expansion beyond 15%
Q1 FY27 revenue grew 44% y-y to INR973.45 Cr, led by paneer (+34%), cheese (+38%), curd (+27%), ice cream (+60%), and yogurt (+153% q-q)
Gross margin expanded 270 bps to 34.2% driven by product mix, pricing, and scale
Expansion plans include whey protein concentrate plant in 12-15 months and new Maharashtra plant in 3 years
New cheddar cheese plant commissioned with 120 MT/day capacity