Peda using milk powder and condensed milk recipe - Wishing you all a very Happy and Prosperous Deepavali. Today I am sharing with you all a very easy to make peda made with milk, milk powder, condensed milk and sugar. These basic ingredients give the peda all the required taste and texture. The cardamom infuses the flavor with all these and the lovely peda was soft and delicious. The method of making peda with khava is quite different than this method. Khava peda is one of the common pedas available in sweet shop. But peda prepared with milk powder and condensed milk is unique. It tastes so good and every one in my family liked it. It is always a great treat to eat this tiny sweet with rich taste.