KMG Milk Food returns to profitability in FY26
KMG Milk Food Limited reported a net profit of ₹3.29 crore for the financial year ended March 31, 2026, reversing the previous year's loss of ₹45.68 crore. The company's revenue from operations decreased to ₹469.03 crore from ₹677.34 crore in FY25, while total expenses dropped to ₹562.57 crore. The statutory auditors issued an unmodified opinion but noted the absence of an internal auditor.

*this image is generated using AI for illustrative purposes only.
KMG Milk Food Limited has returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹3.29 crore compared to a loss of ₹45.68 crore in the previous year. The turnaround was driven by a significant reduction in total expenses, which declined to ₹562.57 crore from ₹818.78 crore in the prior year. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.
Financial Performance
The company's revenue from operations for the year stood at ₹469.03 crore, a decrease from ₹677.34 crore in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹12.20 lakh, with revenue from operations dropping to ₹0.00 lakh from ₹282.84 lakh in the same quarter of the previous year. Other income for the quarter was ₹25.50 lakh.
Key Financial Metrics
The following table summarizes the financial performance for the year and quarter ended March 31, 2026:
| Metric | Year Ended 31.03.2026 (₹ in lakhs) | Year Ended 31.03.2025 (₹ in lakhs) | Quarter Ended 31.03.2026 (₹ in lakhs) |
|---|---|---|---|
| Revenue from Operations | 469.03 | 677.34 | 0.00 |
| Total Income | 566.53 | 773.34 | 25.50 |
| Total Expenses | 562.57 | 818.78 | 37.70 |
| Net Profit/(Loss) | 3.29 | (45.68) | (12.20) |
Compliance and Disclosures
The statutory auditors, M/s. Gauri Goyal & Associates, issued an independent audit report with an unmodified opinion. However, the auditors drew attention to the fact that the company did not appoint an internal auditor during the financial year. The company also disclosed that it is not required to submit an Annual Secretarial Compliance Report or disclose Related Party Transactions on a consolidated basis, as it qualifies for exemptions under Regulation 15(2) of the SEBI (LODR) Regulations, 2015 due to its paid-up equity share capital and net worth being below ₹10 crore and ₹25 crore respectively as on March 31, 2026.
Historical Stock Returns for KMG Milk Food
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | +3.14% | +8.32% | +237.84% |
Can the company sustain this profitability given the 30% decline in revenue from operations?
What specific cost-cutting measures drove the expense reduction, and are they sustainable long-term?
How will the company address the operational stagnation indicated by zero revenue in the final quarter?






























