Milky Mist share price hits record high, soaring 75% from 52-week low: What’s fueling the rally?

What happened

Milky Mist Dairy Food shares hit a fresh record high on Friday, September 11, 2026, rising 3.4% to Rs 288.80 apiece. The stock has now surged about 75% from its 52-week low of Rs 165, which was touched in August 2026, just before the company's market debut.

The latest trigger was the commissioning of a new Skyr and Greek Yogurt manufacturing facility, built with ultrafiltration technology, at the company's integrated plant in Perundurai, Tamil Nadu. The facility cost approximately Rs 40 crore and can process up to 150 tonnes per day. Milky Mist first introduced ultrafiltration technology for Skyr and Greek Yogurt in India in 2022 with a facility of a

The stock listed on the BSE and NSE on August 18, 2026 at Rs 165, an 18% premium to the IPO price of Rs 140, and is up over 106% from the issue price — making it a multibagger within weeks of listing. The Rs 1,553 crore IPO was subscribed 56.12 times, with proceeds earmarked for debt repayment (Rs 496.9 crore), expansion of the Perundurai unit (Rs 469.2 crore), and cold-chain equipment like visi c

Strong Q1 FY27 results, announced on August 31, 2026, have also fueled the rally. Consolidated profit after tax jumped 889.81% year-on-year to Rs 64.68 crore (from a low base of Rs 6.53 crore), revenue from operations rose 43.6% to Rs 973.45 crore, and EBITDA climbed 74.5% to Rs 144.89 crore with margins improving to 14.88%. Yogurt revenue grew 153% to Rs 84.52 crore, paneer rose ~34% to Rs 248.29

Milky Mist is positioning itself as a value-added dairy FMCG company with 22+ product categories and over 640 SKUs. It claims to be the largest private packaged paneer company in India's organised market with about 19% market share. Management plans to deploy 50,000 visi-coolers over three years to lock in retail shelf space and expand pan-India beyond its South India stronghold; e-commerce revenu

However, analysts urge caution on valuation. At around Rs 292.77 (September 11 close), the stock trades at a trailing P/E of roughly 116x and forward P/E of 89x, with negative LTM free cash flow. Investing.com's fair-value model of Rs 231.29 implies the stock is around 21–27% overpriced. The sharp PAT growth also reflects a very low comparison base, so investors should not extrapolate an 890% prof

Why it matters for me

Milky Mist Dairy Food shares hit a fresh record high on Friday, September 11, 2026, rising 3.4% to Rs 288.80 apiece. The stock has now surged about 75% from its 52-week low of Rs 165, which was touched in August 2026, just before the company's market debut.

What to remember