Milky Mist Dairy Food Ltd. · NSE:MILKYMIST
Milky Mist Dairy Food — Q1 FY27 Earnings Presentation
38 slides from Milky Mist Dairy Food's earnings presentation, Aug 31, 2026
Slide 1: Cover letter to BSE and NSE
August 31, 2026 BSE Limited National Stock Exchange of India Limited 20th Floor, P.J. Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400 051 Scrip Code: 544868 Scrip Symbol: MILKYMIST Dear Sir/Madam, Subject: Press Release and Investor Pres
Slide 2: Investor Presentation - Q1 FY27
Milky Mist Dairy Food Limited Proudly Fastest Trusted Indian Growing By Millions INDIA’S FASTEST-GROWING PACKAGED FOOD COMPANY Investor Presentation- Q1 FY27 1
Slide 3: Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Milky Mist Dairy Food Ltd (the “Company ”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, an
Slide 4: Agenda
Company Overview Quarterly Financial Historical Financials Performance Strategy Ahead Innovation, Technology & ESG 3
Slide 5: Company Overview
COMPANY 4 Mikymist | = ? OVERVIEW © minymist | PROTEIN Low FUSION y — = SHAKE _Milkymist a if ie. gs
Slide 6: Company at a glance and market share
100% Highest Realisation per Innovative Products and Fully Automated End to End Own Premium Product VADP Company litre of milk quality focus Manufacturing capabilities Logistics Pricing Pan India Presence Integrated Farm 1,00,000 Sq Meter+ Direct Milk Procurement 4,200+ Distributors 3,94,000+ Retail
Slide 7: Establishment, diversification, expansion and evolution
ESTABLISHMENT DIVERSIFICATION EXPANSION & EVOLUTION As VADP company to Niche Products in VADP to Fresh Food Company 1998 - 2011 2012 - 2022 2023 - 2026 ▪ One of the first private companies to ▪ Conceptualization and building ▪ Category building - Ice Creams, launch packaged paneer in India Mega Plan
Slide 8: Board of Directors and leadership
SATHISHKUMAR T ANITHA S DR. K RATHNAM Chairman and Managing Director Whole-time Director Whole-time Director and Chief Executive Officer Over 26 years of experience in the dairy and Over 23 years of experience in the dairy and Over 33 years of experience across dairy, food and food industry. Associa
Slide 9: Fastest growing packaged food company in India
FASTEST GROWING PACKAGED FOOD COMPANY EXPERIENCED MANAGEMENT in India with established brand equity and leadership team delivering financial growth across various product categories DIVERSIFIED AND EXPANDING PRODUCT CATEGORIES FOCUS ON SUSTAINABILITY focused on emerging consumer needs Commitment to
Slide 10: 640+ products across 22 categories
Our Portfolio Across 5 Consumption Occasions INDULGENCE ON THE GO PRODUCTS BASIC NEEDS AFTER MEAL PRODUCTS HEALTHY CHOICES PRODUCTS Paneer, Butter, Curd, Ghee, Cheese, Khova, Sweetened Yogurt, Milkshakes, Lassi, Ice Cream, Gulab Jamun, High-Protein Cheese & UHT Milk Condensed Milk, Cream Buttermilk,
Slide 11: State of the art manufacturing facility
PROCESS PROCESS ENHANCED AUTOMATION TRANSFORMATION EFFICIENCY & PERUNDURAI, QUALITY ERODE FACILITY Automated Manufacturing Continuous and lines with robotic large scale operations manufacturing Automated Shelf life Quality Control & Packaging enhancement Quality Assurance and UHT lines at every stag
Slide 12: Pan-India presence and distribution
Farmer Milk Tankers Reefer Truck Ambient Truck Reefer Vehicle Plant Distributor Retailer 22 States,+ 5 UTs 3,94,000+ Pan-India Presence Retail Touchpoints 4,200+ 41,000+ Distributors Visi Coolers & Freezers As of 30th June 2026 11
Slide 13: 3-Tier Milk Procurement Process
Direct Sourcing Ecosystem: 3-Tier Milk Procurement Process Direct procurement from farmers and Financial inclusion Village Level Milk Collection Centre (VLCC): • Milk from Producers - Automated Milk Collection Units (AMCU) 83,000+ ~3,000 ~13 LLPD • Use of Milk Analyzer for quality checks Farmers Mil
Slide 14: Achieved #1 market share in packaged paneer
Automated paneer manufacturing line with robotic operations allowing for continuous, large-scale manufacturing Largest private packaged LOW USE Process Eliminated human touchpoints, paneer brand in the Traditional OF HIGH HUMAN Automation by improving hygiene, product quality, Processes INTERVENTION
Slide 15: Expanding exclusive retail footprint
MilkyMist EXPANDING EXCLUSIVE RETAIL FOOTPRINT Retail Outlets 14
Slide 16: Quarterly Financial Performance
QUARTERLY FINANCIAL PERFORMANCE 15
Slide 17: Management commentary on Q1 FY27
“Q1FY27 marks an important milestone for Milky Mist “We have started FY27 with a strong performance, as our first quarterly results following our listing. We with Revenue from Operations growing 43.6% YoY to are deeply grateful to all our stakeholders — our Rs.973.45 Cr in Q1FY27. The gross profit e
Slide 18: Milky Mist begins its journey as a listed company
Amount in Rs. IPO Issue Size 1,553 Cr Fresh Issue Offer for Sale (OFS) 1,428 Cr 125 Cr Use of Fresh Issue Proceeds Repayment / prepayment of certain Listed on 496.9 Cr outstanding borrowings NSE & BSE Expansion and modernisation of the 18 AUGUST 2026 469.2 Cr Perundurai manufacturing facility Deploy
Slide 19: Q1 FY27 key financial highlights
Rs 973.45 Cr Rs 333.02 Cr 34.21% Rs 144.89 Cr 14.88% Revenue from Gross Profit Gross Margin EBITDA # EBITDA Margin* Operations 43.56% YoY▲ 56.10% YoY▲ 74.50% YoY▲ Rs 64.68 Cr 6.64% Profit After Tax (PAT) PAT Margin 889.81% YoY ▲ 18 #EBITDA includes Other Income *EBITDA Margin = EBITDA / Revenue from
Slide 20: Topline contributors by product
34% TOPLINE CONTRIBUTORS Q1 FY26 Q1 FY27 248.29 38% 27% 184.92 60% 153% 137.12 123.79 99.47 97.47 102.25 84.52 64.03 33.44 * PANEER CHEESE CURD ICE CREAM YOGHURT 19 Rs in Cr
Slide 21: Net sales mix by region and sales channel
NET SALES MIX – BY REGION NET SALES MIX- BY SALES CHANNEL East India Exports & B2C B2B West India 2% Karnataka 17% 5% 24% 7% General trade 33% E-commerce North, platform 19% Central India 10% Q1 FY27 & Exports Q1 FY27 10% 26% Andhra Pradesh Tamil Nadu 15% & Telangana 11% 21% HoReCA Kerala Modern tra
Slide 22: Consolidated Financials
Consolidated Financials Rs in Cr Particulars Q1 FY27 Q1 FY26 YoY Revenue from operations 973.45 678.09 43.6% Gross Profit 333.02 213.34 56.1% Gross Profit margin 34.21% 31.46% EBITDA # 144.89 83.02 74.5% EBITDA Margin* 14.88% 12.24% PBT 73.51 10.41 606.0% Profit After Tax 64.68 6.53 889.81% Profit A
Slide 23: New cheddar cheese plant capacity expansion
NEW CHEDDAR CHEESE PLANT | CAPACITY EXPANSION COMMISSIONED & PUT TO USE IN Q1 FY27 120 MT/day INSTALLED CAPACITY GROWTH HEADROOM New capacity provides significant room to scale Cheddar Cheese production in line with demand. Capacity addition → Scale-up potential → Supports future revenue growth 22
Slide 24: Historical Financials
HISTORICAL ar Milky Mist FINANCIALS
Slide 25: Historical profit and loss statement
Particulars (INR Mn) Particulars (Rs in Cr) FY26 FY25 FY24 Revenue from Operations 3,138.36 2,349.50 1,821.61 Other Income 6.64 5.29 5.25 Total Income 3,145.01 2,354.79 1,826.86 Cost of materials consumed 2,102.92 1,544.45 1,280.24 Purchase of stock-in-trade 53.17 51.02 49.03 Changes in inventory -5
Slide 26: Revenue mix by key product category
Key Product Category FY24 FY25 FY26 Paneer 30.68% 29.52% 29.42% Cheese 19.06% 17.36% 16.37% Curd 16.42% 15.75% 13.26% Ice Cream 1.89% 6.73% 5.86% Yogurt 2.73% 4.12% 6.20% Others* 20.24% 18.13% 18.20% *Other product categories include ghee, butter, UHT products,, powder, khova, chocolate, condensed m
Slide 27: Revenue mix by sales channel
Sales Channel FY24 FY25 FY26 General Trade 44.53% 43.38% 37.69% +214% Modern Trade 21.47% 23.83% 23.07% Growth in E-Comm Platform revenue (Rs. 1,368.52mn →Rs. 4,299.59mn) FY24-26 HoReCa 17.90% 16.47% 16.70% E-Commerce 7.51% 9.56% 13.70% Platform +85% Growth in Modern Trade B2B Sales 8.16% 6.15% 8.07
Slide 28: Capacity utilization
Category Level Capacity Utilization (FY26) for Perundurai Manufacturing Facility 114% FY 2026 FY 2025 110% 100% Capacity Utilization 89% Optimum capacity utilization for recently introduced Capacity Utilization % 72% 70% categories may take considerable amount if time 62% 57% 59% 52% 55% 56% 49% 51%
Slide 29: Historical balance sheet
Assets (Rs in Cr) FY26 FY25 FY24 Equity and Liabilities (Rs in Cr) FY26 FY25 FY24 A) NON-CURRENT ASSETS A) EQUITY (a) Equity share capital 128.46 126.00 3.50 (a) Property, plant and equipment 1,605.69 1,325.94 1,135.12 (b) Instruments entirely equity in nature 2.46 0.07 (b) Capital work-in-progress
Slide 30: Cash flows from operating activities
Particulars Particulars (INR Cr) FY26 FY25 FY24 Cash flows from operating activities Net profit before taxation/ Operating Profit before taxation 158.49 87.55 42.68 Adjustments for: Depreciation on Assets other than Right of Use Assets 168.50 1,34.48 105.63 Depreciation on Right of Use Assets 1.96 1
Slide 31: Cash flows from investing and financing activities
Particulars Particulars (INR Cr) FY26 FY25 FY24 Cash flows from investing activities Purchase of Property, Plant and Equipment (PPE), including -469.72 -59,511 -291.92 CWIP, intangibles under development and Capital advance. Adjustment for capital creditors & proceeds from sale of assets 6.29 48.66
Slide 32: Strategy Ahead
STRATEGY 2 mMilkymist | AHEAD ~~ FUSION
Slide 33: Growth strategy pillars
Leverage Technology To Strengthen Regional Expand Production & Strengthen Brand Visibility Strategic Acquisitions Improve Operations And Cost Presence Procurement Capabilities and Brand Equity Efficiency Market Share New Capacity Key Initiatives Recent Deals IOT & Automation • Deepen presence in • N
Slide 34: Growth forecast of organized Indian dairy market
Growth Forecast of Organized VADPs 19.6 Indian Dairy Market (INR T, %, FY20–31P) FY26 total FY26 FY20 FY26 FY31P CAGR CAGR 5% Value-added dairy products market size organized (INR B) (INR B) (INR B) (FY20-26) (FY26-31P) (INR B) Share (%) (%) (%) Paneer 974.2 5.0% 16.8 48.5 121.8 19.3% 20.2% 12.0 51%
Slide 35: Innovation, Technology and ESG
INNOVATION, TECHNOLOGY AND ESG 34
Slide 36: Innovation and technology across products, processing and logistics
Products Processing ▪ Consumer Centric – Sugar and Salt reduction ▪ Fully automatic paneer plant with robotic operations. Adopted Cheese making technology. ▪ Use of Natural Ingredients ▪ End of line automation on various product lines to ▪ Making efforts on Plastics usage reduction ensure product hy
Slide 37: Energy and water sustainability initiatives
Energy Sustainability Initiatives Water Sustainability Initiatives 29 MW Tech Processes to Convert wastewater from from solar plants at milk handling into Kavilipalayam, Chithode processed water Total Power Usage and Arasanur Total Water Usage ~75% Internal Power used generated 2 MW from wind plant
Slide 38: Thank You
THANK YOU Investor Relations Advisors : Adfactors PR Pvt Ltd Devika Shah – 9920764659 | devika.shah@adfactorspr.com Mamta Samat – 9930625104 | mamta.samat@adfactorspr.com Saloni Nagvekar – 9867498378 | saloni.nagvekar@adfactorspr.com 37
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