The dairy producer achieved a record second-quarter performance behind rising consumption of protein-focused items, yoghurts, and the recognition of a deferred tax asset. Strong sales momentum helped half-year profit after tax climb 308.4% despite ongoing pressures from agricultural inflation and geopolitical issues. Expanding the portfolio with innovations such as Skyr and lactose-free milk contributed significantly to the growth. Moving forward, the company intends to channel capital into milk procurement, manufacturing facilities, and wider distribution.
Key points
Expanding value-added products like Greek yoghurt and Skyr is driving significant margin…: Expanding value-added products like Greek yoghurt and Skyr is driving significant margin and volume improvements.
First-half financial performance reflected a 308.4% jump in profit after tax alongside su…: First-half financial performance reflected a 308.4% jump in profit after tax alongside substantial operating gains.
Management plans increased capital deployment into milk procurement and manufacturing inf…: Management plans increased capital deployment into milk procurement and manufacturing infrastructure to capture festive demand.
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The company’s net profit jumped 175% to Rs 75 crore from Rs 28.39 crore reported in the corresponding quarter of the previous financial year. The company’s revenue from operations came in at Rs 1,089.40 crore, up 42% year-on-year in the September quarter, supported by higher sales volumes and strong demand for value-added dairy products.
Margins for the quarter under review came in at 15.17% from 13.95% in the year-ago period. Milky Mist said the year-on-year improvement in EBITDA and EBITDA margin was primarily driven by higher volumes, operational efficiencies and a favourable product mix.
The growth in profit after tax (PAT) was mainly attributable to an expansion in EBITDA, repayment of loans and the creation of a deferred tax asset in accordance with the applicable accounting standard.
The company said both revenue and gross profit reached record quarterly highs in the second quarter of FY27. Growth was driven by steady demand across its product portfolio in both value and volume terms, entry into new markets and increased consumption of value-added dairy products. Its protein-focused range emerged as the fastest-growing segment,…
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