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Milky Mist Shares Rally on High-Protein Dairy Expansion
Milky Mist makes dairy foods such as yogurt.
Its shares rose after it opened a new factory for Skyr and Greek Yogurt in Tamil Nadu.
The factory cost about ₹40 crore and can make up to 150 tonnes of products each day.
These products contain a lot of protein, which more consumers are seeking.
The company said demand for high-protein yogurt has more than doubled recently.
Milky Mist shares have also risen sharply since the company entered the stock market.
The company reported much higher sales and profit in the first quarter of FY27.
Milky Mist says the new factory will help it make more products and grow.
Milky Mist shares rose 3.4% to ₹288.80 on September 11 after the company commissioned a new Skyr and Greek Yogurt facility.
The ₹40 crore facility in Perundurai, Tamil Nadu, can process up to 150 tonnes of products per day.
Shares have climbed 75% from their 52-week low of ₹165 and more than 106% from the ₹140 IPO price, according to the article.
The company said demand for high-protein yogurts has more than doubled in recent months, while annual category demand has grown over 50% since 2022.
In Q1FY27, consolidated revenue rose 43.6% year over year to ₹973.45 crore and profit after tax increased 889.81% to ₹64.68 crore.
- Who
- Milky Mist Dairy Food Limited and its investors; the company’s chief executive is Dr. K Rathnam.
- What
- Milky Mist shares reached a reported record high after the company commissioned a new Skyr and Greek Yogurt manufacturing facility.
- Where
- The new facility is at Milky Mist’s integrated manufacturing site in Perundurai, Tamil Nadu.
- When
- The share-price rise was reported on Friday, September 11; the company’s IPO debut was on August 18, and Q1FY27 results were announced on August 31.
- Why
- Investors responded to the capacity expansion, rising demand for high-protein dairy products and strong Q1FY27 financial results.
Key facts
- Share-price move
- Shares rose 3.4% to ₹288.80 on September 11.
- 52-week performance
- The stock was reported to be 75% above its ₹165 52-week low.
- IPO performance
- The article said the stock was up more than 106% from its ₹140 issue price; it also cited a price of ₹268.75 in a separate comparison.
- Facility investment
- The new Skyr and Greek Yogurt plant involved an investment of approximately ₹40 crore.
- Production capacity
- The facility can process up to 150 tonnes per day.
- Q1FY27 revenue
- Consolidated revenue from operations rose 43.6% year over year to ₹973.45 crore.
- Q1FY27 profit
- Consolidated profit after tax rose 889.81% year over year to ₹64.68 crore.
Quotes
Milky Mist Dairy Food
The company issuing a press release about its new manufacturing facility.
“Built with an investment of approximately ₹40 crore, the new exclusive plant has a processing capacity of up to 150 tonnes per day. The expansion with latest technology significantly strengthens Milky Mist’s ability to scale its high-protein portfolio and respond to the growing consumer preference for convenient, protein-rich food products.”
livemint.com
Dr. K Rathnam
Wholetime Director and Chief Executive Officer of Milky Mist Dairy Food
“The commissioning of our advanced manufacturing facility represents a strategic expansion of our technological capabilities. With processing capacity of up to 150 tonnes per day, it provides us with the scale to serve rising demand, accelerate innovation and expand the category. This investment strengthens Milky Mist’s position in the high-protein segment and creates a robust platform for sustained profitable growth,”
livemint.com
Sources
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