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← CockpitCompetitor Analysis › MILKYMIST.NS Milky Mist Dairy Food Ltd.Open in the cockpit ↗

Milky Mist Dairy Food Ltd.MILKYMIST.NSCompetitor analysis, valuation and peers

India · INR·Consumer Staples›Food: Meat/Fish/Dairy

Tamil Nadu-based dairy company selling branded paneer, cheese, curd and other value-added dairy products.

Mkt cap
$2.42B
US dollars, full cap
Free float
15%
of shares outstanding
$/day
$2.82M
20-day average traded
Fwd P/E
79.2×
forward earnings
ROIC−WACC
-1.2 pp
WACC 9.3%
Hurdle
n/a
no reverse DCF
Next earnings
117 days
3 Mar 2027
Close · INR₹297.20
1D+0.9%
1W-2.9%
1M-11.3%
3Mn/a
6Mn/a
YTDn/a
1Yn/a
ATR %5.6%
52w lowhigh13.2% off high

What Milky Mist Dairy Food does

Tamil Nadu-based dairy company selling branded paneer, cheese, curd and other value-added dairy products.

Products and services

  • Paneer
  • Cheese
  • Curd/yogurt
  • Ghee & other dairy

Customers

  • Retail consumers
  • Modern trade/e-commerce
  • Food service (restaurants/QSR)

Where it sits in the supply chain

  • Consumer staples
  • Dairy processing
  • Value-added dairy products

What could go right

  • Rising demand for branded paneer/cheese
  • Cold-chain/organized retail growth

What could go wrong

  • Raw milk cost volatility
  • Regional brand needing pan-India scale-up

Moat: narrow (brand, distribution). Established south Indian dairy brand with cold-chain distribution in value-added, higher-margin dairy categories.

Headquarters: Erode, India · Employees: 1,302

Named competitors

Milky Mist Dairy Food at a glance

Size Milky Mist Dairy Food (MILKYMIST.NS) is an India Consumer Staples company (Food: Meat/Fish/Dairy) with a market value of $2.42B, the 333rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹297.20 on 6 Nov 2026.

Growth Revenue grew 33.6% over the last twelve months (peer median +6.2%); the operating margin is 8.3% (peer median 5.1%).

Valuation It trades at 79.2× forward earnings against a peer median of 14.6× (most expensive of 20).

Capital Return on invested capital runs 1.2 points below its cost of capital (9.3% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Milky Mist Dairy Food financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/a₹31.4B₹23.5B₹18.2B₹13.9B
Revenue growth—+34%+29%+31%—
Gross profitn/a₹4.75B₹3.46B₹2.07B₹1.92B
EBITDAn/a₹4.30B₹3.06B₹2.18B₹1.99B
Net incomen/a₹1.27B₹461M₹194M₹272M
Free cash flown/a-₹2.96B-₹3.83B-₹2.36B-₹2.73B
Capital expendituren/a₹4.70B₹5.95B₹2.92B₹3.92B
Total debt₹9.11B₹16.8B₹13.8B₹10.4B₹8.04B

Quarterly statements and history in the cockpit →

Milky Mist Dairy Food competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%25×50×75×HATSUN00294622649858LSGBAKKA2206BELL618622826008826005972270SCST0151MILKYMIST.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Milky Mist Dairy Food is the large dot.

Milky Mist Dairy Food competitors and peer comparison

Head to head with its named competitors (MILKYMIST.NS vs HATSUN.NS vs HERITGFOOD.NS vs PARAGMILK.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Milky Mist Dairy Food MILKYMIST.NS$2.42Bn/a+34%8%79.2×n/a
Hatsun Agro Product HATSUN.NS$2.52B+8%+18%5%49.8×25.4%
Heritage Foods HERITGFOOD.NS$366M+2%+14%3%27.1×n/a
Parag Milk Foods PARAGMILK.NS$435M+42%+13%5%27.6×n/a
Dodla Dairy DODLA.NS$625M-14%+17%4%28.6×33.7%

How Milky Mist Dairy Food compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Milky Mist Dairy Food against its 20 peers (data as of 6 Nov 2026)
MeasureMILKYMIST.NSPeer medianRank in peer set
1-month return-11.3%+1.1%lowest of 21
Distance from 52-week high-13.2%-19.2%6th highest of 21
Revenue growth (TTM)+33.6%+6.2%highest of 21
Operating margin8.3%5.1%6th highest of 21
Forward P/E79.2×14.6×most expensive of 20
ROIC minus cost of capital-1.2 pp-0.9 pp7th lowest of 21
EV / EBITDA53.2×9.0×most expensive of 17
Net debt / EBITDA0.1×1.8×5th least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Milky Mist Dairy Food MILKYMIST.NSIndia$2.42Bn/a+34%8%79.2×n/an/a
Hatsun Agro Product HATSUN.NSIndia$2.52B+8%+18%5%49.8×25.4%+12.4%
New Hope Dairy 002946.SZChina$2.22B-13%+7%9%17.6×1.9%+10.7%
Morinaga Milk Industry 2264.TJapan$2.21B-9%+2%6%14.4×n/an/a
China Youran Dairy 9858.HKHong Kong$2.15B-4%+7%-2%8.0×17.8%+11.1%
Leroy Seafood LSG.OLNorway$2.74B-2%+1%6%14.6×7.7%+11.5%
Bakkafrost P/F BAKKA.OLNorway$2.77B+4%+7%14%23.1×9.5%+10.1%
Ezaki Glico 2206.TJapan$2.07B-11%+10%3%35.7×7.5%+1.0%
Bell Food BELL.SWSwitzerland$1.98B+42%+2%3%10.9×2.9%+4.0%
China Feihe 6186.HKHong Kong$3.16B-20%-4%15%11.8×-14.7%-1.2%
Austevoll Seafood AUSS.OLNorway$1.79B-8%-1%7%11.4×2.5%+11.9%
Nh Foods 2282.TJapan$3.40B-10%+7%3%14.0×n/an/a
Shanghai Milkground Food Tech 600882.SSChina$1.55B-1%+26%4%32.0×11.1%+14.7%
Itoham Yonekyu 2296.TJapan$1.53B-13%+3%3%13.2×n/an/a
Fraser & Neave F99.SISingapore$1.53B-8%-3%10%n/a0.1%+4.8%
Cranswick CWK.LUnited Kingdom$3.94B+7%+10%8%17.2×5.7%+9.5%
Bright Dairy & Food 600597.SSChina$1.43B-6%-3%0%30.6×18.8%-1.1%
Bega Cheese BGA.AXAustralia$1.36B+23%+7%3%24.9×18.4%+12.7%
MEGMILK SNOW BRAND 2270.TJapan$1.36B+12%0%3%7.5×n/an/a
Scandi Standard SCST.STSweden$1.35B+38%+8%5%27.2×1.8%+7.2%
Want Want China 0151.HKHong Kong$4.43B-32%+6%18%9.7×n/an/a

Questions

Who are Milky Mist Dairy Food's main competitors?
Named competitors: Hatsun Agro Product (HATSUN.NS), Heritage Foods (HERITGFOOD.NS), Parag Milk Foods (PARAGMILK.NS), Dodla Dairy (DODLA.NS). The cockpit's measured peer set (industry) also includes Hatsun Agro Product (HATSUN.NS), New Hope Dairy (002946.SZ), Morinaga Milk Industry (2264.T), China Youran Dairy (9858.HK), Leroy Seafood (LSG.OL), Bakkafrost P/F (BAKKA.OL).
Is Milky Mist Dairy Food expensive compared with its peers?
On forward p/e it trades at 79.2× against a peer median of 14.6×, most expensive of 20 in its peer set.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.