India · Delayed Price · Currency is INR Dodla Dairy Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 13.7% YoY to INR 1,025 crore in Q3 FY26, with EBITDA margin at 7.7% and net profit at INR 69 crore. Margin pressure from high procurement costs is expected to ease with summer demand and planned price hikes, while Africa and value-added products drive future growth.
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Q2 FY26 saw revenue of INR 1,019 crores, 2.1% YoY growth, and improved gross margin at 27.7%. Osam Dairy integration contributed to results, while VAP and liquid milk volumes grew robustly. Margins are expected to remain 8-10% despite procurement cost pressures.
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Q1 FY26 saw record revenue of INR 1,007 crores, up 10.5% year-over-year, but margins were pressured by early monsoon and higher procurement costs. Africa and Orgafeed segments delivered strong growth, and margin improvement is expected in Q2 as procurement prices decline.
Fiscal Year 2025
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The acquisition of a leading Eastern India dairy brand for INR 2,710 million expands market reach and is expected to deliver operational synergies, margin improvements, and long-term growth. Integration will retain most of the existing team, with completion targeted in 1-2 months.
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Revenue grew 19% year-on-year to INR 3,720 crores in FY25, with PAT at INR 260 crores and stable margins. Value-added products and Africa operations drove strong segment growth, while a greenfield Maharashtra project and robust cash flows support future expansion.
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Q3 FY25 saw 21% revenue growth to INR 901 crores, with strong performance across India, Africa, and Orgafeed. Margins remained stable despite higher procurement costs, and a new INR 280 crore Maharashtra plant is planned. Bulk sales and tax savings boosted net profit margins.
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Q2 FY25 saw record revenue of INR 998 crore, driven by strong value-added product growth and stable margins. Inventory levels declined, CapEx for a new Maharashtra plant is underway, and guidance remains for 10% volume and 15% value growth with steady profitability.
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Q1 FY2025 saw record revenues and profitability, driven by strong value-added product growth and margin expansion. Africa and Orgafeed segments are expected to double revenues in FY2025, with stable margins and double-digit growth projected for the year.