Investor Presentation

October 29, 2026 BSE Limited National Stock Exchange of India Limited 20th Floor, P.J. Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai - 400001 Mumbai - 400 051 Scrip Code: 544868 Scrip Symbol: MILKYMIST Dear Sir/Madam, Subject: Investor Presentation for the Earnings Conference Call with Analysts and Investors Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose a copy of the Investor Presentation being issued by the Company in this regard. The said presentation would also be used for Post Earnings Conference Call with Analysts / Investors scheduled on October 30, 2026. The above disclosure is also being made available on the website of the Company at https://www.milkymist.com We request to kindly take the above intimation on record. Thanking You, For Milky Mist Dairy Food Limited (formerly Known as Milky Mist Dairy Food Private Limited) S Prakash Company Secretary and Compliance Officer Membership No: A22495 Encl: a/a Milky Mist Dairy Food Limited Proudly Fastest Trusted Indian Growing By Millions INDIA’S FASTEST-GROWING PACKAGED FOOD COMPANY Investor Presentation - Q2 FY27 SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Milky Mist Dairy Food Ltd (the “Company ”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. TABLE OF CONTENTS Quarterly Financial Company Overview Performance Strategy Ahead Green Energy And ESG Initiatives QUARTERLY FINANCIAL PERFORMANCE FROM THE LEADERSHIP “Q2 and H1 FY27 have been important periods for “In Q2 FY27, in spite of prevailing inflation in agricultural Milky Mist as we continued to strengthen our value- sector, El Nino impact and geopolitical uncertainties, added dairy portfolio, expand our manufacturing Milky Mist has achieved higher revenue growth, capabilities and build a stronger platform for future improved margins and profitability due to wide range of growth. value added products, calibrated price increase, capacity utilization, operational efficiencies, and focused strategic approach towards the entire During the quarter the industry faced elevated input operations. SATHISHKUMAR T cost which led to margin pressures and cautious DR. K RATHNAM consumer demand. In this environment, we remained Chairman and Managing Whole-time Director and In H1 FY27, the revenue from operations grew by Director focused on operational efficiencies and disciplined Chief Executive Officer 42.5% on YoY basis and EBITDA by 62.9%. The growth cost management to navigate inflationary pressures in Profit after tax was 308.4%. while maintaining product quality. Yogurt continued as the highest growing category in Q2 Technology remained central to our growth strategy. FY27 with capacity expansion. During the quarter, we Robotic manufacturing and automated processing strengthened our protein-focused portfolio with the and packaging systems supported operational launch of Skyr and Greek Yogurt in Pack of four format efficiency, product consistency and quality. following the introduction of High-Protein Paneer Cubes in Q1. To further strengthen the high protein products Sustainability is a key priority for us. During the category, recently we have also expanded our portfolio quarter we achieved ~95% energy self sufficiency with high protein lactose free milk from the existing through renewable energy. manufacturing facilities. Moving forward our priorities remain scaling our value- The upcoming festive season is expected to create added portfolio, expanding distribution and improving favorable demand conditions across categories, and capacity utilisation to meet evolving consumer demand. we are well positioned to build on the momentum We will continue to invest in our manufacturing and across our categories.” market presence while maintaining a focus on profitable growth and long-term value creation.” Q2 FY27 FINANCIAL SNAPSHOT Rs 1,089.40 Cr Rs 368.83 Cr 33.86% Rs 165.2 1 Cr 15.17% Revenue from Gross Profit Gross Margin EBITDA # EBITDA Margin* Operations 41.58% YoY ▲ 46.41% YoY ▲ 53.90% YoY ▲ Rs 77.94 Cr 7.15% Profit After Tax (PAT) PAT Margin 174.50% YoY ▲ #EBITDA includes Other Income *EBITDA Margin = EBITDA / Revenue from operations. H1 FY27 FINANCIAL SNAPSHOT Rs 2,062.85 Cr Rs 701.85 Cr 34.02% Rs 310.10 Cr 15.03% Revenue from Gross Profit Gross Margin EBITDA # EBITDA Margin* Operations 42.50% YoY ▲ 50.85% YoY ▲ 62.90% YoY ▲ Rs 142.62 Cr 6.91% Profit After Tax (PAT) PAT Margin 308.44% YoY ▲ #EBITDA includes Other Income *EBITDA Margin = EBITDA / Revenue from operations. NET SALES CONTRIBUTION – BY PRODUCT CATEGORY 44% TOPLINE CONTRIBUTORS Q2 FY26 Q2 FY27 y 303.92 r 31% e 22% t 210.47 r 43% a 168% 150.22 Q 115.04 115.76 94.88 103.11 55.66 Rs in Cr 38.96 38.51 PANEER CHEESE CURD ICE CREAM YOGURT TOPLINE CONTRIBUTORS 552.21 r H1 FY26 H1 FY27 e 34% Y 395.39 l a 287.34 161% H 239.55 214.51 192.35 187.63 157.91 102.98 71.95 Rs in Cr PANEER CHEESE CURD ICE CREAM YOGURT NEW PRODUCT LAUNCHES – Q2 FY27 SKYR GREEK YOGURT HIGH PROTEIN LACTOSE-FREE MILK NET SALES MIX – BY REGION & SALES CHANNEL NET SALES MIX – BY REGION NET SALES MIX- BY SALES CHANNEL Exports East India & B2C West India Karnataka 4% 31% General trade E-commerce North, 20% platform Central 11% H1 FY27 H1 FY27 India & Exports Andhra 15% Pradesh Tamil Nadu 22% & Telangana 11% HoReCA Kerala Modern trade CURRENT CAPACITY UTILISATION Category Level Capacity Utilization for Perundurai Manufacturing Facility FY 2026 H1 FY 2027 100% Capacity Utilization 114% % Optimum capacity [Showing first 8,000 characters — download PDF for full document]