Milky Mist Profit Soars 10x on Strong Sales

Milky Mist Dairy Food has announced a significant surge in its first-quarter financial performance, with consolidated net profit jumping nearly tenfold to Rs 64.7 crore. This marks a substantial improvement from Rs 6.5 crore reported in the same period last year. The company's revenue from operations also saw impressive growth, increasing by 43.6% year-on-year to Rs 973 crore compared to Rs 678 crore previously.

Operating performance strengthened considerably, with consolidated EBITDA rising by 77% year-on-year to Rs 143.8 crore. This led to an expansion in the company's EBITDA margin to 14.8% in the June quarter, up from 12% in the prior year, reflecting a 280 basis point increase in operating profitability.

This robust financial outcome aligns with sustained consumer demand for packaged and value-added dairy products. The company's recent listing on stock exchanges positions it to capitalize further on India's expanding dairy market as it focuses on scaling operations and diversifying its product offerings.