Milky Mist Dairy Food Limited — Q2FY27 earnings call summary

Filed 05 November 2026 · Official transcript

Management confident of sustaining 15%+ EBITDA margin and 28-30% volume growth going forward
Paneer volume grew 28%, capacity utilization at 65%, plans to add 200 tons/day capacity by 2035
Price hikes of ~11% taken in Q4 FY26 to Q2 FY27; calibrated pricing to sustain margins amid input cost inflation
Q2 FY27 revenue grew 41.6% y-y to INR1,089 Cr; EBITDA margin expanded to 15.2% from 14%; PAT tripled to INR77.9 Cr
High-protein products now 12% of sales, expected to reach 18-20% in 2-3 years with 50%+ gross margins
Yogurt revenue grew 168% y-y; new plant commissioned with capacity increase from 20 to 150 tons/day
Capex of INR40 Cr on yogurt plant; Maharashtra plant in planning with milk procurement underway
Milk procurement grew 31% y-y to 246.5 million liters; farmer network expanded to 92,000