Milky Mist Churns Out a Rich IPO Plan with a Creamy Product Twist

Quick-expanding Indian milk brand Milky Mist is doubling down on value-added products like Greek yogurt, ice cream, and chocolates as it gears up for a ₹2,000 crore IPO by end-2025. The company, founded by T. Sathish Kumar in Tamil Nadu, is seeking a valuation of ₹20,000 crore, almost treble its valuation two years ago2.

 

The strategy? Look beyond paneer and milk to claim a larger slice of India's health-oriented dairy consumption. With a portfolio exceeding 60% comprised of daily essentials and indulgent products, Milky Mist is positioning itself as a differentiated dairy behemoth, not regional.

 

CEO K. Rathnam, formerly of Amul Dairy, confirmed that the company is bypassing private equity and heading straight to the public markets. “We’re not just selling dairy—we’re selling innovation,” he said, pointing to the company’s automation-driven production and aggressive expansion plans beyond South India.

 

Milky Mist FY24 numbers justify the ambition: ₹1,950 crore in topline and ₹50 crore in bottomline. IPO proceeds will be utilized for national distribution, R&D, and debt repayment.

 

Sources: Zerodha, Moneycontrol