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Milky Mist’s IPO is less about milk, and more about value-added dairy

Shivani Verma

February 27, 2026 | 8 Min Read

Milky Mist’s IPO is less about milk, and more about value-added dairy

Free Read

February 27, 2026 | 8 Min Read

As the 34-year-old Tamil Nadu-based company prepares to go public, it highlights a deeper shift in Indian dairy, from low-margin milk to margin-rich, brand-led products that look more FMCG than traditional dairy.

Just days ago, Milky Mist’s CEO K Rathnam told Reuters that the company plans to launch its ~Rs 2,000 crore IPO before October, despite volatile markets, while aiming to maintain 30% annual revenue growth.

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