MLKFOOD
Milkfood financials
- Market cap
- ₹212 Cr
- Sector
- Fast Moving Consumer Goods
Quarterly results
Q2 FY26: revenue down 7.9%, net profit down 973.3% against the same quarter last year.
| Line item | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 115 | 122 | 96 | 80 | 113 −1% | 158 +30% | 74 −23% | 74 −8% |
| EBITDA | 7 | 8 | 6 | 6 | 3 −48% | 8 +9% | -1 −118% | -2 −139% |
| Net profit | 1 | 4 | 1 | 1 | 1 −46% | 2 −38% | -1 −217% | -8 −973% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −1.9% 1Y
1Y: ₹82.17 on 10 Sept 2025 → ₹80.64. High ₹91.88 (24 Aug 2026), low ₹45.7 (17 Mar 2026).
Financials, as filed
Revenue grew 2.5% a year over 1 year, FY24 to FY25. Operating margin widened to 5.3%.
| Year ending | FY24 | FY25 |
|---|---|---|
| Revenue | ₹437 Cr | ₹448 Cr |
| Operating profit | ₹20 Cr | ₹24 Cr |
| Operating margin | 4.5% | 5.3% |
| Interest | ₹14 Cr | ₹11 Cr |
| Depreciation | ₹7 Cr | ₹7 Cr |
| Net profit | ₹7 Cr | ₹5 Cr |
| Net margin | 1.6% | 1.0% |
| Cash from operations | ₹20 Cr | ₹19 Cr |
| Free cash flow | ₹21 Cr | ₹15 Cr |
| ROCE | 7.0% | 6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹12 Cr |
| Reserves | ₹112 Cr | ₹114 Cr | ₹118 Cr | ₹128 Cr | ₹170 Cr | ₹157 Cr |
| Borrowings | ₹76 Cr | ₹74 Cr | ₹73 Cr | ₹122 Cr | ₹116 Cr | ₹128 Cr |
| Other liabilities | ₹108 Cr | ₹117 Cr | ₹109 Cr | ₹74 Cr | ₹80 Cr | ₹68 Cr |
| Total liabilities | ₹300 Cr | ₹309 Cr | ₹304 Cr | ₹329 Cr | ₹371 Cr | ₹365 Cr |
| Fixed assets | ₹185 Cr | ₹184 Cr | ₹184 Cr | ₹190 Cr | ₹222 Cr | ₹225 Cr |
| Capital work in progress | ₹2 Cr | ₹2 Cr | ₹5 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹114 Cr | ₹124 Cr | ₹115 Cr | ₹139 Cr | ₹149 Cr | ₹139 Cr |
| Total assets | ₹300 Cr | ₹309 Cr | ₹304 Cr | ₹329 Cr | ₹371 Cr | ₹365 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −2.67 pp while the public added +2.66 pp. The shareholder count shrank 7% to 10,370.
- Promoters
- 53.4%
- DIIs
- 0.0%
- Public
- 46.6%
Since Jun 2025
- Promoters −2.67 pp
- Public +2.66 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window FIIs fell from 7.6% to 0.0% — −7.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 50.1%, FIIs 7.6%, DIIs 0.1%, Public 42.2%.Dec '23: Promoters 47.7%, FIIs 7.3%, DIIs 0.1%, Public 44.9%.Mar '24: Promoters 47.7%, FIIs 7.3%, DIIs 0.1%, Public 44.9%.Jun '24: Promoters 56.0%, FIIs 2.7%, DIIs 0.1%, Public 41.2%.Sep '24: Promoters 56.0%, FIIs 1.0%, DIIs 0.0%, Public 42.9%.Dec '24: Promoters 56.0%, FIIs 0.1%, DIIs 0.0%, Public 43.8%.Mar '25: Promoters 56.0%, DIIs 0.0%, Public 44.0%.Jun '25: Promoters 56.0%, DIIs 0.0%, Public 43.9%.Sep '25: Promoters 56.0%, DIIs 0.0%, Public 43.9%.Dec '25: Promoters 56.0%, DIIs 0.0%, Public 44.0%.Mar '26: Promoters 56.0%, DIIs 0.0%, Public 43.9%.Jun '26: Promoters 53.4%, DIIs 0.0%, Public 46.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sudhir Avasthi +2.03 pp 4.40% held
- Deepankar Barat +0.89 pp 2.73% held
The same filing shows 6 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Milkfood Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mr. Karamjit Jaiswal | 41.67% | −2.09 pp |
| Roshini Sanah Jaiswal | 10.94% | −0.55 pp |
| Dhanvani Investments Private Limited | 8.76% | −0.44 pp |
| Sudha Commercial Company Limited | 7.40% | −0.63 pp |
| Sudhir Avasthi | 4.40% | +2.03 pp |
| Crc Fincap Private Limited | 2.75% | −0.14 pp |
| Deepankar Barat | 2.73% | +0.89 pp |
| Shiv Muskan Investments Private Limited | 1.72% | −0.08 pp |
| Blue Skies Investments Pvt. Ltd. | 0.39% | unchanged |
| Snowhite Holdings Pvt. Ltd. | 0.36% | unchanged |
| J Housing Pvt. Ltd. | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Milkfood Ltd.
Guides on how to read this kind of business and the numbers that matter.