Milky Mist Dairy Food Limited IPO

Incorporated in the year 2014, Milky Mist Dairy Food Limited is an Indian company producing and selling a wide range of dairy and frozen food items.

The company pioneered branded packaged paneer in India and, over time, added curd, ghee, butter, cheese, yogurt, ice cream, UHT long shelf life products, chocolates, and sweetened condensed milk to its portfolio.

Operations & Infrastructure:
It follows an integrated farm-to-retail supply chain model wherein raw milk is directly sourced from 67,615 farmers across 22 districts in Tamil Nadu, Andhra Pradesh, and Karnataka, all within a 400-kilometre radius of its principal manufacturing facility at Perundurai, Erode District, Tamil Nadu. In this facility, the company focuses on value-added dairy production. The second facility is at Bengaluru, Karnataka, where frozen foods, especially ready-to-eat and ready-to-cook products, are manufactured.
The logistics infrastructure of the company comprised 44 milk vans for sourcing, 252 reefer trucks for temperature-controlled transportation of perishable goods, and 34 ambient trucks for non-perishable items as of March 31, 2025.

Sales & Distribution:The company's distribution network encompasses a range of sales channels: general trade, modern trade, HoReCa (hotels, restaurants, and cafés), e-commerce, quick commerce platforms, and exclusive Milky Mist parlours. Products are sold in 22 states and 5 union territories through 3,062 distributors and 44 clearing and forwarding depots in 44 cities across 13 states. This network covers more than 350,000 retail touchpoints across India.

Market Presence According to the 1Lattice Report, in Fiscal 2025, the company held approximately 17% market share by value in the organised packaged paneer segment in India. In the same fiscal year, it had approximately 12% market share in the organised packaged cheese market in South India and approximately 5% market share nationally among private players in the same category. Exports From April 1, 2022, to March 31, 2025, the company exported its products to more than 15 countries around the world, including Singapore, the United States, and Australia, besides several countries in the Middle East.

Employees As of March 31, 2025, Milky Mist Dairy Food Limited had 1,524 permanent employees on its rolls.