Milky Mist eyes revenue boost in H2; to deploy IPO funds over 18-24 months
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Milky Mist plans to use its IPO funds for expansion over 18-24 months.
- ✓CEO K Rathnam said, “Demand for value-added dairy products remains robust as disposable incomes improve.” The company reported a 43% revenue jump in H1 FY27.
- ✓It now focuses on growth through new products like high-protein lactose-free milk.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The company will channel the IPO funds into project capex, marketing initiatives and plant expansion, with purchase orders already placed and advance payments made, said K Rathnam, whole-time director and CEO, Milky Mist, in an interaction with FE. While there are no major fresh capex plans for the immediate term, the company will continue with routine capital expenditure of Rs 50-60 crore, he said. Milky Mist had raised Rs 1,553 crore through the capital markets in August, comprising a fresh issue of Rs 1,428 crore and an offer for sale of Rs 125.00 crore. The fresh issue was earmarked for debt repayment, expansion of manufacturing capacity and retail infrastructure improvement.
“Demand for value-added dairy products remains robust as disposable incomes improve,” Rathnam said, identifying yoghurt, paneer, cheese and sweetened condensed milk as key growth drivers. The ongoing festive season is also expected to support sales, he said.
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