Archive · 24 Jul 2025
Milky Mist Dairy IPO: From School Dropout to Dairy Success
Imagine a teenager who dropped out of school to help his family's milk business.
He saw it wasn't making much money selling plain milk.
So, he started making things like cheese and ice cream instead.
This worked much better!
Now, his company, Milky Mist, is a big success and getting ready to sell shares to the public.
They work closely with farmers, have a big factory, and make lots of tasty dairy products.
Even though it's doing well, it still needs to grow more and face tough competition.
The company is planning to expand to other parts of India and make even more products.
Milky Mist, founded by a school dropout, is preparing for an IPO.
The company pivoted from liquid milk to value-added dairy products like paneer.
Milky Mist has a fully automated facility and sources milk from over 67,000 farmers.
FY24 revenue grew by 29% and net profit rose 137%.
The company plans to expand its facility and footprint across India.
- Who
- Milky Mist, founded by T. Sathish Kumar, a school dropout, and its investors.
- What
- Milky Mist, a dairy company, is preparing for an IPO.
- When
- The IPO is in the near future, and the company's financial data is from FY24.
- Where
- The company's main facility is in Perundurai, India, and its operations are primarily in South India.
- Why
- To raise capital for debt repayment, facility expansion, and broader distribution.
Company Strengths
Company Weaknesses
Financial Performance vs. Risk
Company Strengths
Strong financial growth with rising revenue and profits.
Company Weaknesses
Vulnerability due to dependence on one facility and geographic concentration.
- Founder
- T. Sathish Kumar
- IPO Value
- Rs 2,035 crore
- FY24 Revenue
- Rs 2,349.5 crore
- FY24 Net Profit
- Rs 46 crore
- Primary Products
- Curd and Paneer
- Manufacturing Facility
- Perundurai