Archive · 14 Sep 2026
Milky Mist Bets on Value-Added Dairy for Pan-India Growth
Milky Mist makes dairy products such as yogurt and other value-added foods.
The company says more people want healthier and protein-rich foods.
Demand for its yogurt is growing faster than its current factories can supply.
It plans to spend Rs 400-500 crore to build more capacity over the next two to two-and-a-half years.
Milky Mist will continue focusing on dairy rather than entering unrelated businesses.
It is also considering protein-based drinks.
Most of its sales currently come from southern India, but it wants to reach more parts of the country.
The company hopes to grow its revenue from Rs 3,138 crore in FY26 to Rs 5,000 crore by FY28.
Milky Mist Dairy Food plans to invest Rs 400-500 crore over 24-30 months to expand capacity and markets.
The company’s yogurt demand is growing about 50% annually, exceeding its current production capacity.
Milky Mist plans to focus on value-added dairy, including yogurt, Skyr, Greek yogurt and potential protein beverages.
The company aims to expand beyond southern India into Uttar Pradesh, Bihar and other northern markets.
Milky Mist reported FY26 revenue of Rs 3,138 crore and targets Rs 5,000 crore by FY28.
- Who
- Milky Mist Dairy Food and its CEO, K Rathnam.
- What
- The company is expanding its value-added dairy business, production capacity and geographic reach.
- When
- The investment is planned over the next 24-30 months, with a revenue target for FY28.
- Where
- Milky Mist currently operates from Perundurai, Tamil Nadu, and plans expansion in Maharashtra, Uttar Pradesh, Bihar and other northern markets.
- Why
- Rising demand for healthier, protein-rich and premium dairy products is creating growth opportunities.
- Planned investment
- Rs 400-500 crore over 24-30 months
- FY26 revenue
- Rs 3,138 crore
- FY26 net profit
- Rs 127 crore, up 176% year-on-year
- Revenue target
- Rs 5,000 crore by FY28
- Current revenue mix
- 70% from southern India and 30% from non-southern regions
- Yogurt demand growth
- Approximately 50% annually
- Yogurt facility capacity
- Increased from about 20 tonnes per day in 2022 to approximately 30-35 tonnes per day