Milky Mist to Proceed with IPO Plan Despite Market Volatility

Indian dairy products maker Milky Mist confirmed that it will go ahead with its planned initial public offering this year despite volatile market conditions. The company said it expects to maintain around 30% annual revenue growth as it prepares for the listing.

Milky Mist received regulatory approval for a ₹20.35 billion IPO in October 2025, a year in which India emerged as the second‑largest IPO market. The firm aims to list before its regulatory clearance expires in October, according to CEO K. Rathnam.

IPO Timeline and Strategic Intent

Milky Mist intends to complete its public listing within the regulatory approval window ending in October. The company's leadership stated that the IPO remains on track regardless of market fluctuations.

The Tamil Nadu‑based dairy producer is focusing on executing its listing plan while maintaining operational growth across its product categories. Its decision signals confidence in long‑term industry fundamentals despite short‑term market uncertainty.

Product Strategy and Health‑Focused Portfolio

The company is strengthening its portfolio with premium offerings such as Greek yogurt and protein‑enhanced cottage cheese. These products cater to India’s growing health‑conscious and working‑age population.

CEO Rathnam highlighted that India is a protein‑deficient country and said protein consumption will be a major contributing factor to future growth. Milky Mist also plans to introduce high‑protein milk to expand its nutrition‑focused range.

Market Position and Revenue Growth Outlook

Milky Mist competes with established dairy brands, including Hatsun Agro and Heritage Foods. It expects to continue achieving around 30% revenue growth in the year ending March 31 and in subsequent years.

As of March 2025, its products were available at more than 350,000 retail outlets across the country. The company also anticipates store coverage to grow by 15% to 20% annually as distribution expands.

E‑Commerce and Export Plans

Milky Mist expects contributions from quick‑delivery apps to increase to 12% to 15% of total revenue over the next three years, up from about one‑tenth currently. The company is also looking to expand its export footprint, having earned around 4% of its revenue from exports in fiscal 2025.

It expects sales in the United States to rise in the next one to two years as the India‑US trade deal takes effect. These developments align with the company’s strategy to strengthen both domestic and international market presence.

Read More: Temasek And ADIA Set to Join Clean Max Enviro Energy Solutions’ IPO As Cornerstone Investors.

Conclusion

Milky Mist's plan to move forward with its ₹20.35 billion IPO reflects confidence in its growth prospects despite market volatility. The company is leveraging rising demand for protein‑rich and premium dairy products to drive expansion.

With strong revenue expectations, expanding distribution, and increasing e‑commerce and export contributions, Milky Mist is positioning itself for long‑term growth. The upcoming IPO will offer insight into investor appetite for India’s evolving dairy and consumer nutrition sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.