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Dodla Dairy (DODLA) investor relations material
Dodla Dairy Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 consolidated revenue grew 13.7% year-over-year to ₹10,250 million, driven by strong volume growth in liquid milk and Africa operations, but margins were pressured by higher procurement costs and seasonality.
EBITDA margin was 7.7% and PAT margin 6.7%, with Q3 FY26 net profit at ₹687 million, aided by a tax reversal.
Value Added Products (VAP) contributed 25% of total sales, with bulk sales dropping sharply due to seasonality and market conditions.
Africa operations delivered 34.5% revenue growth, with expansion projects in Uganda and Maharashtra progressing.
Acquisition of Osam Dairy was completed in August 2025 and consolidated from that date, impacting comparability with prior periods.
Financial highlights
Q3 FY26 operating revenue was ₹10,250 million (up 13.7% YoY); nine-month revenue was ₹30,507 million (up 8.5% YoY).
Q3 FY26 EBITDA was ₹793 million (7.7% margin); Q3 FY26 PAT was ₹687 million (6.7% margin); nine-month PAT was ₹1,973 million.
Gross margin declined to 26% from 28.2% YoY due to higher procurement costs and inability to fully pass on costs.
One-time provision of ₹57 million for labor code changes, offset by a tax reversal of ₹219 million.
Standalone revenue for Q3 FY26 was ₹8,215 million; standalone net profit was ₹568 million.
Outlook and guidance
Price hikes of ₹2-3/liter are planned as summer demand rises, targeting average realization of ₹63-64/liter.
Value-added product share expected to reach 30-32% of portfolio over time.
Margins expected to remain in the 8-9% range, with potential upside in favorable years.
Management remains confident in growth trajectory, with ongoing expansion in Maharashtra and Uganda.
The company continues to monitor regulatory changes, especially regarding the New Labour Codes.
- TimeTickerHeadlineOpen
- SOI
Q3 revenue €160m, up 18% sequentially, Edge & Cloud AI up 27%, Q4 set for 20% growth. - 4689
Double-digit growth in Strategic and SaaS segments offset ASKUL outage impact. - SIGNATURE
INR 67 bn sales, strong margins, low net debt, and NCD proceeds fully utilized. - APTUS
Strong Q3 FY26 growth, high liquidity, and full compliance in NCD utilization. - HAPPYFORGE
Q1 FY25 delivered 7% adjusted revenue growth, strong margins, and disciplined capital deployment. - IFX
AI-driven demand and a major sensor acquisition support robust Q1 results and positive outlook. - SHB
Q4 and FY2025 profit fell, but ROE 13%, CET1 17.6%, and asset quality stayed strong. - SIMO
Q4 2025 sales surged 46% Y/Y, with strong SSD and automotive growth; 2026 outlook is robust. - PARADEEP
Revenue and profit soared on higher volumes, MCFL merger, and expansion, with strong outlook. - 2454
Q4 2025 delivered record revenue growth, but net income and margins declined amid rising costs.
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