Milky Mist Profit Soars on Summer Dairy Demand

Milky Mist sells dairy foods such as paneer, yogurt, ice cream, curd, and milkshakes.

In the June quarter, its profit became almost ten times larger than it was a year earlier.

The company also sold much more of its products and earned higher revenue.

Hot summer weather helped increase demand for yogurt and ice cream.

Yogurt sales grew especially quickly, while paneer remained the biggest source of revenue.

The company’s operating profit margin also improved.

Milk prices are rising, which could make production more expensive.

Milky Mist says it can raise prices if needed and does not expect the latest Tamil Nadu milk-price increase to significantly hurt it.