Bengaluru, June 16 -- Dairy products maker Milky Mist Dairy Food Ltd is eyeing growth in its margin and topline with increased focus on value-added dairy products. The company is preparing for an initial public offering (IPO), and is expected to raise as much as $2.3 billion ( Rs.2,000 crore).

The firm finds immense potential in value-added products like probiotic curd, sweetened condensed milk, and protein-rich paneer, as they help create differentiation and target premium consumers who value nutrition over price points, K. Rathnam, chief executive officer of Milky Mist Dairy, said in an interview.

"Protein products are our fastest-growing category, and there is great potential for further growth. The category is evolving and is contri...