Milky Mist Q2 Net Profit Surges 174.5% as Revenue Crosses ₹1,000 Crore
Key Facts
Milky Mist net profit surged 174.5% year-on-year to ₹77.94 crore in the second quarter. CNBC TV18 reported that the company's revenue crossed the ₹1,000 crore milestone, rising 41.6% to reach ₹1,089.4 crore during the period.
Chief Executive Officer K. Rathnam attributed the performance to higher sales volumes and improved margins despite challenges from agricultural inflation and geopolitical uncertainties. The company expanded its product portfolio with high-protein lactose-free milk, while yogurt remained its fastest-growing category following capacity expansions.
Latest Updates · 1
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Update: The company's EBITDA grew 49.4% to reach ₹157 crore during the quarter. This performance led to an improvement in profit margins, which rose to 14.4% from 13.7% in the prior-year period.