Milky Mist Q2 FY27 consolidated revenue Rs 1,089.40 cr; PAT Rs 77.94 cr YoY

What the numbers show

• Net margin was 7.15% of revenue, up 346 bps from 3.69%.
• Revenue rose 41.6% while total expenses rose 39.0%.
• Cost of materials accounted for Rs 271.99 cr of the Rs 282.54 cr rise in total expenses (96%).
• Cost of materials took 69.6% of revenue, against 63.1% a year earlier.

• Revenue from operations (Q2 FY27 consolidated): Rs 1,089.40 cr; Q2 FY26: Rs 769.47 cr
• Other income: Q2 FY27: Rs 7.72 cr; Q2 FY26: Rs 2.26 cr
• Total income: Q2 FY27: Rs 1,097.12 cr; Q2 FY26: Rs 771.73 cr
• Cost of materials consumed: Q2 FY27: Rs 757.83 cr; Q2 FY26: Rs 485.84 cr
• Purchase of stock-in-trade: Q2 FY27: Rs 20.38 cr; Q2 FY26: Rs 14.86 cr
• Changes in inventories of finished goods/Work in Progress/stock-in-trade: Q2 FY27: Rs (57.65) cr; Q2 FY26: Rs 16.86 cr
• Employee benefits expense: Q2 FY27: Rs 58.24 cr; Q2 FY26: Rs 47.30 cr
• Finance costs: Q2 FY27: Rs 19.91 cr; Q2 FY26: Rs 16.23 cr
• Depreciation and amortisation expenses: Q2 FY27: Rs 54.95 cr; Q2 FY26: Rs 43.63 cr
• Other expenses: Q2 FY27: Rs 153.11 cr; Q2 FY26: Rs 99.53 cr
• Total expenses: Q2 FY27: Rs 1,006.78 cr; Q2 FY26: Rs 724.24 cr
• Profit before tax (PBT): Q2 FY27: Rs 90.35 cr; Q2 FY26: Rs 47.50 cr
• Total tax expense: Q2 FY27: Rs 12.41 cr; Q2 FY26: Rs 19.10 cr
• Profit for the period (PAT): Q2 FY27: Rs 77.94 cr; Q2 FY26: Rs 28.39 cr
• Total comprehensive income for the period: Q2 FY27: Rs 77.38 cr; Q2 FY26: Rs 28.57 cr
• Earnings per share – Basic: Q2 FY27: Rs 1.10; Q2 FY26: Rs 0.44
• Earnings per share – Diluted: Q2 FY27: Rs 1.08; Q2 FY26: Rs 0.44

According to the consolidated statement of unaudited financial results for the quarter and half year ended September 30, 2026, Milky Mist Dairy Food Limited reported a rise in revenue from operations to Rs 1,089.40 cr in Q2 FY27 from Rs 769.47 cr in the corresponding quarter of the previous year. Including other income of Rs 7.72 cr (Q2 FY26: Rs 2.26 cr), total income reached Rs 1,097.12 cr versus Rs 771.73 cr a year earlier.

On the cost side, cost of materials consumed increased to Rs 757.83 cr from Rs 485.84 cr, while purchase of stock-in-trade was Rs 20.38 cr compared with Rs 14.86 cr. Changes in inventories of finished goods/Work in Progress/stock-in-trade moved to Rs (57.65) cr from Rs 16.86 cr. Employee benefits expense rose to Rs 58.24 cr from Rs 47.30 cr, finance costs to Rs 19.91 cr from Rs 16.23 cr, and depreciation and amortisation expenses to Rs 54.95 cr from Rs 43.63 cr. Other expenses were Rs 153.11 cr versus Rs 99.53 cr in Q2 FY26, taking total expenses to Rs 1,006.78 cr compared with Rs 724.24 cr.

Profit before tax for the quarter stood at Rs 90.35 cr, up from Rs 47.50 cr in the year-ago quarter. Total tax expense was Rs 12.41 cr versus Rs 19.10 cr. Profit for the period (PAT) accordingly increased to Rs 77.94 cr from Rs 28.39 cr. Total comprehensive income for the period was Rs 77.38 cr compared with Rs 28.57 cr. Basic earnings per share were reported at Rs 1.10 (Q2 FY26: Rs 0.44), and diluted earnings per share at Rs 1.08 (Q2 FY26: Rs 0.44), as per the statement of consolidated unaudited financial results.