Tamil Nadu–based Milky Mist Dairy Food Ltd, known for its value-added dairy products such as paneer, probiotic curd, and sweetened condensed milk, is gearing up for a ₹2,000 crore (~USD 240 million) IPO with a target valuation of around ₹20,000 crore (~USD 2.3 billion) .
Unlike traditional dairies focused on liquid milk, Milky Mist intentionally avoids commoditised segments to preserve margins and cater to premium, nutrition-conscious consumers .
With FY 24 revenue of ₹1,900 crore—up 32% YoY—and ongoing capacity expansion funded through a ₹620 crore investment, the company aims to double processing capacity from 12.5 lakh litres/day to 20 lakh litres/day by year-end . Additionally, Milky Mist has strengthened governance by appointing independent board members and is forging critical tie-ups—such as a ₹400 crore partnership with MilkLane for 1 lakh L/day traceable milk supply—to support nationwide growth .
Industry Insight
Milky Mist’s IPO reflects a broader shift in Indian dairy—from volume‑based milk sales to premium, functional dairy products. Its strategic expansion and traceability partnerships position it well to compete with established players like Amul, tapping into rising consumer demand for health‑oriented, quality‑assured dairy.
Source : Dairynews7x7 June 17th 2025