Milky Mist commissions 120 MT/day Cheddar plant in Q1FY27
The consolidated quarter delivered a 14.77% operating margin and Rs 64.68 cr net profit, with interest and depreciation weighing on pre-tax earnings.
Filed 31 Aug 2026, 17:05 IST · after market close · MILKYMIST (MILKYMIST)
Key takeaways
- Consolidated operating profit of Rs 143.81 cr converted to net profit of Rs 64.68 cr after Rs 47.39 cr depreciation and Rs 23.99 cr interest.
- Milky Mist commissioned and put its 120 MT/day Cheddar Cheese plant into use during Q1FY27.
- Other income was Rs 1.08 cr against profit before tax of Rs 73.51 cr, while the reported tax rate was 12.01%.
Operating profit absorbed by financing and depreciation
Milky Mist reported consolidated revenue of Rs 973.45 cr and operating profit of Rs 143.81 cr, implying a 14.77% operating margin. Depreciation of Rs 47.39 cr and interest of Rs 23.99 cr reduced this to profit before tax of Rs 73.51 cr.
Reported profit was not driven by other income
Other income contributed Rs 1.08 cr against profit before tax of Rs 73.51 cr, so the quarter's earnings were primarily generated by operations rather than non-operating income. Net profit was Rs 64.68 cr after tax of Rs 8.83 cr, with EPS at Rs 1.01.
Cheddar capacity added during the quarter
Management said a new Cheddar Cheese plant was commissioned and put to use in Q1FY27, with installed capacity of 120 MT per day. The presentation also says the company launched high-protein Paneer Cubes in the organized value-added dairy products segment.
Solar project remains under installation
The company said it is installing a 10 MW solar plant. The results were filed after market close, and there is no post-results market reaction to assess yet.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹973 cr |
| Other income | ₹1 cr |
| Expenses | ₹830 cr |
| Operating profit | ₹144 cr |
| Operating margin (%) | 14.77% |
| Interest | ₹24 cr |
| Depreciation | ₹47 cr |
| Profit before tax | ₹74 cr |
| Tax | ₹9 cr |
| Net profit | ₹65 cr |
| EPS (₹) | ₹1.01 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The new Cheddar Cheese plant was commissioned and put to use during Q1 FY27.
Expansion
- A new Cheddar Cheese plant was commissioned and put to use in Q1 FY27 with installed capacity of 120 MT per day.
New products
- Milky Mist launched new high-protein Paneer Cubes in the high-growth organized value-added dairy products segment.
New initiatives
- The company is installing a 10 MW solar plant.
What to watch
- Whether the 120 MT/day Cheddar Cheese plant is reflected in revenue and operating margin next quarter.
- Whether operating margin holds above 14.77% as the new capacity comes into use.
- Progress on the 10 MW solar plant, which management said is under installation.