Dodla Dairy Reports Q2 FY26 Revenue of Rs. 10,188 Million
Filing Summary
Dodla Dairy Ltd has released its unaudited financial results for Q2 and H1 FY26, reporting a revenue of Rs. 10,188 million for the quarter, marking a 2.1% year-on-year increase. The company’s gross margin expanded to 27.7%, while the EBITDA margin stood at 9.1%. The PAT for the quarter was Rs. 657 million, reflecting a 3.6% growth from the previous year. The results include contributions from the recently acquired OSAM Dairy business. The company continues to focus on value-added products and strategic market expansion.
Dodla Dairy Ltd has announced its unaudited financial results for the second quarter and half-year ending September 30, 2025. The company reported a quarterly revenue of Rs. 10,188 million, representing a 2.1% increase compared to the same period last year. The gross margin for the quarter was reported at 27.7%, an increase of 200 basis points year-on-year. The EBITDA margin remained steady at 9.1%, while the PAT for the quarter was Rs. 657 million, showing a 3.6% growth from the previous year.
The financial results highlight a revenue of Rs. 20,257 million for the half-year, up 6.1% from Rs. 19,092 million in H1 FY25. The EBITDA for the half-year was Rs. 1,753 million, a decrease from Rs. 2,014 million in the previous year, with an EBITDA margin of 8.7%. The PAT for the half-year stood at Rs. 1,285 million, marginally increasing from Rs. 1,284 million in H1 FY25. The earnings per share (EPS) for the quarter was Rs. 10.9, compared to Rs. 10.5 in Q2 FY25.
Operational highlights include a milk procurement volume of 19.5 LLPD, a 13.4% increase year-on-year. The average milk sales volume was 13.1 LLPD, up 12.6% from the previous year. The company reported total value-added products sales of Rs. 2,901 million, accounting for 30% of total sales. The contribution from value-added products, excluding bulk sales, was Rs. 2,617 million, representing 27% of total sales.
The company noted that the overall milk supply was under pressure due to seasonal factors, impacting procurement prices. The OSAM business, acquired recently, contributed to the results for two months but operates at lower margins. The Africa business reported a 21.7% year-on-year revenue growth, although margins were under pressure due to strategic pricing in Kenya.
The results reflect a strategic shift towards high-margin value-added products such as curd, ghee, lassi, and ice cream. The company continues to focus on expanding its product portfolio and market reach, with an emphasis on brand building and increasing procurement capabilities.
Dodla Dairy Ltd is a leading integrated dairy company in India, established in 1995. The company is involved in the procurement, processing, and sale of milk and milk products. Its product portfolio includes milk, butter milk, ghee, curd, paneer, flavored milk, doodh peda, lassi, ice cream, and milk-based sweets. The company operates across multiple states in India and has international operations in Uganda and Kenya.