Milky Mist sees limited impact from inflation, El Niño as revenue grows 42%
New Delhi, Oct. 29 -- Inflation, El Niño and global uncertainty had little impact on Milky Mist Ltd in the September quarter, with the company helped by its focus on value-added products and calibrated price increases, K. Rathnam, the company's chief executive officer, said. Good rains in Tamil Nadu and parts of Karnataka should also boost milk purchases.
"As far as we are concerned, we don't see much impact on all three parameters (agricultural inflation, El Niño, and geopolitical uncertainties). Even with these three parameters prevailing, we can grow because we are not in pouch milk. We are only in value-added products," said Rathnam, in a post-earnings interview with Mint.
The company's September-quarter revenue from opera...
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