What we do Milky Mist Dairy Food Ltd is a leading Indian dairy company offering a broad range of value-added dairy products including paneer, curd, ghee, cheese, and frozen foods. |
Founded in 1,998 |
Market share One of the first private companies in India to brand packaged paneer, with expanding market penetration and 12% revenue from new markets like Maharashtra and North East India. |
Problem solved Provides high-quality, diversified dairy products meeting modern consumer preferences with innovative offerings like probiotic and high-protein yogurts. |
Top clients or who we serve Serves both retail consumers (B2C) across India and exports to 15 countries including USA, Australia, and Middle East (B2B and B2C). |
Key management - |
Our journey and innovations Started in 1998; launched first branded paneer; expanded to cheese, ice cream, chocolates, UHT products and frozen foods; established mega plants and innovations in dairy processing. |
Where we operate Strong domestic presence across India with growing footprint in Maharashtra, Gujarat, North East; exports to 15 international markets. |
Top products or what we offer Packaged paneer, curd, ghee, butter, cheese, yogurt, high-protein yogurts, ice cream, chocolates, UHT products, frozen RTE/RTC foods. |
Top brands Milky Mist Paneer (#1 in branded paneer), Milky Mist Curd, Milky Mist Ice Cream (fast-growing category), innovative UHT dairy products. |
Raw materials needed Fresh milk procured directly from farmers; cattle feed and minerals to improve milk quality. |
Raw materials supplier Supplied by a network of direct farmer producers; ties with feed suppliers and Tamil Nadu Veterinary Agricultural University. |
Recurring vs cyclical contribution Revenue largely recurring due to daily dairy consumption; some seasonality in product variants and export demand. |
Our industry position Strong brand with early mover advantage in branded paneer; expanding in value-added dairy segments and frozen foods with increasing market share. |
Financial highlights FY 2023-24 Revenue Rs 3138 Cr; Net Profit Rs 127 Cr; EBITDA margin 11.57%; 33% sales growth over previous year. |
Geographical revenue split Domestic sales Rs 3003 Cr (~96%), Export sales Rs 117 Cr (~4%). |
Order book - |
Whats driving growth Market expansion to Tier II/III towns, new product launches, increased milk procurement, expanded distributor network, export growth. |
Our future plans Scaling capacity with new spray dryer, paneer and cheddar plants; launching more ice cream flavors; installing 20MW solar plant; enhancing water reuse. |
Our green promise 60% power neutrality via wind and solar; biomass boilers; water recycling initiatives; electric distribution vehicles; rejuvenation of water bodies and plantation drives. |
Our people and values Employee development through internships; farmer engagement with veterinary support; training and health camps benefiting over 3,600 farmers annually. |
Key challenges ahead Managing input cost inflation, maintaining EBITDA margins amid competitive pricing, scaling infrastructure to meet growth targets. |
Interesting facts First Indian private company to launch branded packaged paneer; exports products to 15 countries; runs AI-based fleet monitoring and RFID for logistics. |
Risks and strategy Risks include raw material cost volatility and market competition; mitigated by farmer relationships, operational efficiency, and diversification into new product lines. |
