Chennai: Milky Mist Dairy Food reported a nearly threefold increase in consolidated net profit to Rs 77.94 crore in the September quarter, compared with Rs 28.39 crore a year earlier, as strong revenue growth, improved margins and lower interest costs boosted earnings.Revenue from operations rose 41.6% to Rs 1,089.4 crore from Rs 769.47 crore in the year-ago quarter, marking the company’s highest-ever quarterly revenue. EBITDA grew 53.9% to Rs 165.21 crore, while the EBITDA margin expanded to 15.17% from 13.95%, according to a statement.The growth was driven by higher sales volumes across its product portfolio, particularly protein-based products and value-added dairy products, market expansion and operational efficiencies.For the first half of FY27, net profit surged 308.4% to Rs 142.62 crore, while revenue grew 42.5% to Rs 2,062.85 crore. EBITDA rose 62.9% to Rs 310.1 crore.Yogurt remained one of the fastest-growing categories in the September quarter. Milky Mist expanded its protein-focused portfolio with the launch of Skyr and Greek yogurt in four-packs, following the introduction of high-protein paneer cubes in the first quarter. It has also added high-protein lactose-free milk to its portfolio using existing manufacturing facilities.“Despite inflation in the agricultural sector, the El Nino impact and geopolitical uncertainties, we achieved higher revenue growth, improved margins and profitability,” said K Rathnam, wholetime director and CEO of Milky Mist Dairy Food.The company plans to scale up its value-added product portfolio, expand distribution and improve capacity utilisation. It will also invest in milk procurement, manufacturing and market expansion while focusing on profitable growth, Rathnam said.
