Milky Mist Dairy Q1FY27 Results: Net profit up 10x YoY to ₹64.5 crore
- Standalone net profit surged 10.2x YoY to ₹64.5 crore for Q1FY27
- Revenue grew 44.7% to ₹973.4 crore driven by higher operations
- Company completed IPO raising ₹1,428 crore post-quarter end
- Private placement of ₹357 crore made to Jongsong Investments earlier
*this image is generated using AI for illustrative purposes only.
Milky Mist Dairy Food Milky Mist Dairy Food reported a tenfold surge in standalone net profit for the first quarter of FY27. The dairy processing company posted a net profit of ₹64.5 crore for the quarter ended June 30, 2026, compared to ₹0.6 crore in the same period last year.
Revenue from operations grew 44.7% year-on-year to ₹973.4 crore. This top-line expansion was supported by strong operational performance ahead of the company's recent listing on Indian stock exchanges.
Financial Performance
The consolidated results mirrored the standalone growth trajectory. Consolidated revenue reached ₹973.4 crore, up from ₹678.1 crore in Q1FY26. Consolidated net profit stood at ₹64.7 crore, significantly higher than the ₹6.5 crore recorded in the prior year period.
| Metric | Q1FY27 (₹ crore) | Q1FY26 (₹ crore) | Change |
|---|---|---|---|
| Revenue | 973.4 | 672.6 | +44.7% |
| Net Profit | 64.5 | 0.6 | +10,238% |
Profit before tax rose to ₹73.2 crore from ₹9.4 crore in the previous year. The company’s tax expense was ₹8.7 crore, reflecting the adoption of the new tax regime under Section 200 of the Income Tax Act, 2025, effective April 1, 2026.
Capital Raise and Listing
Subsequent to the quarter end, the company completed its Initial Public Offering (IPO). The fresh issue raised ₹1,428 crore at an issue price of ₹140 per share. Alongside this, promoter selling shareholders offered shares worth ₹125 crore.
Prior to the IPO, during the quarter, the company executed a private placement with Jongsong Investments Pte. Ltd. for ₹357 crore, comprising equity shares and compulsorily convertible preference shares (CCPS). These CCPS were converted into equity shares in July 2026.
What the Numbers Show
The dramatic improvement in profitability is heavily influenced by non-operational factors alongside operational growth. While revenue grew by nearly 45%, the net profit increase exceeds 10,000%. This divergence is largely attributable to significant Minimum Alternate Tax (MAT) credit utilization in the prior year comparative period, which suppressed FY26 profits, rather than an equivalent proportional jump in current operational margins. Finance costs decreased slightly to ₹23.9 crore from ₹33.6 crore YoY, aiding bottom-line improvement.
Historical Stock Returns for Milky Mist Dairy Food
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.57% | +11.48% | 0.0% | 0.0% | 0.0% | 0.0% |
How will the ₹1,428 crore raised from the IPO be allocated to sustain the 44.7% revenue growth trajectory in subsequent quarters?
With the normalization of MAT credit utilization, what is the expected organic net profit margin for Q2FY27 compared to the inflated Q1FY27 figures?
Will the conversion of compulsorily convertible preference shares (CCPS) into equity shares significantly dilute promoter holding and impact voting control?
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