• Revenue and margin guidance: Milky Mist is guiding for 33% to 35% revenue growth for the fiscal year and expects to sustain EBITDA margins close to 14% to 15%, driven by consistent demand across core categories like paneer and yogurt.
• Capacity and revenue potential: Current blended capacity utilization stands at 45% to 50%, providing enough headroom to scale revenues by 2.5x to 3x over FY26 levels without substantial new CapEx beyond planned IPO-funded projects.
• Maharashtra expansion plans: The company has acquired 50 acres of land from MIDC at Baramati for a new plant, and may accelerate execution plans due to surging demand resulting from regulatory crackdowns on analogue paneer and cheese.
• Milk procurement costs: Tamil Nadu's procurement price increase to ₹41 per liter will not impact the company since it was already paying ₹42 per liter, and management retains the pricing power to absorb potential cost pressures.