Headquartered in Erode, Tamil Nadu, Milky Mist has carved out a definite identification 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 permits it to function with larger margins and place itself extra like an FMCG model than a standard dairy participant.
The proceeds from the contemporary 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 latest 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 can be used for basic 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 charge of almost 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 day by 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 energy and shopper loyalty.
Milky Mist additionally prides itself on its absolutely automated manufacturing infrastructure and tech-driven logistics spine. It connects immediately with over 67,000 farmers, making certain a constant provide of high-quality milk and sustaining end-to-end traceability.
In step with rising ESG expectations, Milky Mist has built-in sustainability into its operations. The corporate operates water reprocessing items, converts methane into power, and sources 70–80% of its energy from photo voltaic and wind power. It additionally invests in eco-friendly logistics and presents a spread 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 area. JM Monetary, Axis Capital, and IIFL Capital Providers are appearing because the book-running lead managers for the difficulty.
