Headquartered in Erode, Tamil Nadu, Milky Mist has carved out a definite id within the dairy sector by focusing solely on premium value-added dairy merchandise (VADPs) akin to paneer, cheese, curd, yogurt, ice cream, ghee, and butter.
Notably, the corporate doesn’t promote liquid milk — a strategic determination that allows it to function with larger margins and place itself extra like an FMCG model than a standard dairy participant.
The proceeds from the recent subject are earmarked for aggressive progress and monetary de-leveraging. Rs 750 crore will go towards repaying or prepaying excellent borrowings. One other Rs 414 crore is deliberate for the growth and modernisation of its Perundurai manufacturing facility, together with the addition of recent capacities for whey protein focus, yogurt, and cream cheese.
Round Rs 129 crore is put aside for the deployment of visi coolers, ice cream freezers, and chocolate coolers throughout its distribution community. The remaining funds shall be used for common company functions in compliance with SEBI norms.
Milky Mist’s financials underline wholesome progress. The corporate’s income surged from Rs 1,394 crore in FY23 to Rs 2,349 crore in FY25, registering a compound annual progress price of practically 30%.EBITDA for FY25 stood at Rs 310 crore, translating to a wholesome EBITDA margin of 13.2%.The corporate has constructed one of many largest paneer manufacturing capacities within the nation, with a every day output of 150 metric tons. Its premium pricing technique locations key merchandise like paneer and curd at a ten–25% premium over market leaders, reflecting each model power and client loyalty.
Milky Mist additionally prides itself on its totally automated manufacturing infrastructure and tech-driven logistics spine. It connects instantly with over 67,000 farmers, making certain a constant provide of high-quality milk and sustaining end-to-end traceability.
In keeping with rising ESG expectations, Milky Mist has built-in sustainability into its operations. The corporate operates water reprocessing items, converts methane into vitality, and sources 70–80% of its energy from photo voltaic and wind vitality. It additionally invests in eco-friendly logistics and affords a variety of health-conscious improvements together with high-protein, lactose-free, and low-sugar dairy merchandise.
The IPO marks a strategic transfer for Milky Mist to solidify its management in India’s fast-evolving dairy FMCG house. JM Monetary, Axis Capital, and IIFL Capital Providers are appearing because the book-running lead managers for the problem.
