• Financial performance: Milky Mist's Q1 revenue grew nearly 44% to ₹973 crore and net profit surged almost ninefold to around ₹65 crore, driven by operational efficiencies, product mix, capacity utilization, and ₹9–10 crore from deferred tax monetization.
• Category sales growth: Product growth was led by a 153% jump in yogurt revenue and 60% growth in ice cream sales, alongside volume gains of 34% in paneer, 38% in cheese, and 27–28% in curd.
• Margin and pricing: EBITDA margins expanded by roughly 260 basis points to nearly 15%, with management expressing confidence in sustaining margins through pricing power, including the headroom to raise product prices by 5–7% if procurement costs escalate.
• Procurement and farmer retention: The company expects minimal disruption from Tamil Nadu raising Aavin's procurement price to ₹44 per liter since it already pays ₹41–42 per liter, maintaining a 90–95% farmer retention rate by accepting all milk volumes and offering cattle financing and breeding support.