Milky Mist Stock Surges Over 25% Amid Strong Financial Results Shares of Milky Mist Dairy Food have surged more than 25% in three consecutive trading sessions, defying cautious market sentiment. The stock reached a record high of ₹268.75 on the BSE on Thursday, 3 September, marking a 27% increase from its previous levels. This sharp rise follows a series of positive developments, including strong June-quarter results and strategic initiatives aimed at expanding the company’s market presence. The upward trend began on Tuesday, 1 September, when the stock started climbing after the company reported its consolidated profit after tax (PAT) for the first quarter of fiscal year 2027 (Q1FY27). PAT surged 889.81% year-on-year (YoY) to ₹64.68 crore, driven by a 43.6% YoY increase in revenue from operations to ₹973.45 crore. The robust performance was attributed to strong sales across the entire product portfolio. EBITDA also rose 74.5% YoY to ₹144.89 crore, with the EBITDA margin improving to 14.88% from 12.24% in the same period last year. K Rathnam, the whole-time director and chief executive officer of Milky Mist Dairy Food, emphasized the company’s focus on driving profitable growth through portfolio expansion, operating discipline, and investments in manufacturing and distribution capabilities. “Our strategy involves expanding our range of value-added food products, strengthening brands and distribution networks, and increasing our market presence,” Rathnam stated. He also highlighted the importance of improving efficiency and leveraging scale while maintaining disciplined financial execution. Analysts have noted the company’s strong fundamentals, particularly in the value-added dairy segment.#tamil_nadu #milky_mist_dairy_food #k_rathnam #smc_global_securities #perundurai_plant
Five Indian Companies Set to Raise Over Rs 7,400 Crore in Upcoming IPOs Five companies, including e-commerce platform Shiprocket and dairy firm Milky Mist, are set to launch their initial public offerings (IPOs) next week, with a combined issue size expected to exceed Rs 7,400 crore. The IPOs will be opened for subscription on August 10 and 12, marking a significant week for India’s primary market. Dhoot Transmission and Molbio Diagnostics will begin subscriptions on August 10, followed by Milky Mist Dairy Food on August 11. Shiprocket and Behari Lal Engineering will open their public issues on August 12. Together, the five companies aim to raise approximately Rs 7,443 crore, reflecting a surge in corporate fundraising activity. The funds raised from these IPOs are primarily intended for business expansion, capital expenditure, debt repayment, and other corporate purposes. Dhoot Transmission, an auto components manufacturer, has fixed a price band of Rs 829-871 per share for its Rs 3,067-crore IPO. The offering includes a fresh issue of up to Rs 1,400 crore and an offer for sale (OFS) of up to 1.91 crore shares by promoters, including Bain Capital and Mangalam Capital. Molbio Diagnostics, a point-of-care diagnostics firm backed by Temasek and Motilal Oswal Private Equity, has set a price band of Rs 768-807 per share for its Rs 904-940 crore IPO. The issue comprises a fresh issue of up to Rs 200 crore and an OFS of up to 91.66 lakh shares. The International Finance Corporation (IFC), a private-sector investment arm of the World Bank Group, has returned to India’s mainboard IPO market by investing Rs 20 crore as an anchor investor in Goa-based Molbio Diagnostics.#dhoot_transmission #shiprocket #milky_mist_dairy_food #molbio_diagnostics #behari_lal_engineering
