Milky Mist Dairy Food shares surged to the 5 % upper circuit on Friday, 30 October, after the opening bell, as investors reacted to the company’s robust July‑to‑September quarter performance. The stock rose 5 % to an intraday high of ₹319.70, up from ₹304.50 at the previous close. By mid‑morning the shares had retraced slightly, trading around ₹311.90, a 2.13 % gain from the opening price. The rally reflected strong revenue and margin growth reported for the September quarter. This performance follows a 174.5 % year‑on‑year increase in consolidated net profit and a 41.5 % rise in core‑operations revenue.

Milky Mist Dairy Food reported a consolidated net profit of ₹78 crore in the September quarter of FY27, up 174.5 % from ₹28 crore in the same period a year earlier. Core‑operations revenue advanced 41.5 % YoY to ₹1,089 crore, compared with ₹769 crore a year earlier. Despite a 56 % jump in raw‑material costs to ₹757.83 crore, the company’s EBITDA rose 49.8 % to ₹157 crore, and EBITDA margins expanded by 80 basis points to 14.45 % from 13.65 % in the prior fiscal quarter. The company attributed this growth to calibrated price hikes, a wide product range, and improved capacity utilisation, which helped offset higher material costs.

Operating profit before interest, tax, depreciation and amortisation (EBITDA) excluding other income improved 49.8 % to ₹157 crore, up from ₹105 crore a year earlier. EBITDA margins expanded by 80 basis points to 14.45 %, compared with 13.65 % in the second quarter of FY26. PAT margins also improved significantly, rising 346 basis points to 7.15 % from 3.69 % a year ago, signalling healthy financial growth during the period. The company’s management highlighted that the margin expansion was achieved despite elevated material costs, with operational efficiencies and strategic pricing contributing to the improved profitability metrics.

Milky Mist shares have delivered more than 128 % returns from the IPO issue price of ₹140 per share on the listing date of 18 August 2026. As of Friday’s market session, the stock’s market capitalisation hovered around ₹24,173 crore. The shares reached a record high of ₹342.40 on 8 October 2026, while the record low was ₹165 on the listing day. In the last month, the stock declined 1.2 %, and over the last five sessions it has yielded 15 % returns on investment. The 128 % return reflects a significant appreciation from the IPO price, making Milky Mist one of the top performers among recent listings.

Investors focused on the healthy revenue and margin growth in the September quarter, driven by an overall increase in sales across the company’s wide range of products. The company’s management attributed the Q2 earnings growth to calibrated price hikes, a wide range of product offerings, and capacity utilisation, among other factors. Despite prevailing inflation in the agricultural sector, El Niño impact and geopolitical uncertainties, the company achieved higher revenue growth, improved margins and profitability through value‑added products, operational efficiencies and a focused strategic approach.

On Friday, 30 October, Milky Mist’s market capitalisation was trading around ₹24,173 crore, reflecting a strong market response to its Q2 earnings. The shares’ intraday high of ₹319.70 and subsequent retracement to ₹311.90 illustrate the volatility within the first day of trading. The company’s record high of ₹342.40 on 8 October 2026 and record low of ₹165 on the listing day highlight the price range achieved since listing. Investors have seen a 128 % return from the IPO price, while the stock has declined 1.2 % in the last month.