Dodla Dairy Limited has released its Investor Presentation for the quarter and nine months ended 31 December 2025. The company reported a consolidated revenue of ₹10,250 million for Q3 FY26, marking a 13.7% year-on-year increase. EBITDA stood at ₹793 million with a margin of 7.7%, and Profit After Tax (PAT) was ₹687 million with a margin of 6.7%. The management commentary highlighted that while revenue growth momentum continued, margins were under pressure due to factors such as higher procurement costs, early onset of winter, negligible bulk sales, and margin compression in the Africa and Orgafeed segments. A one-time provision of approximately ₹57 million was recognized towards revised labor code guidelines, partially offset by a tax reversal of ₹219 million. Looking ahead, the company is progressing with its Maharashtra expansion project, with approximately ₹690 million of capital expenditure already deployed. In Africa, Dodla Dairy plans a greenfield capacity expansion in Uganda with an estimated capital outlay of ₹500–600 million over the next two years. Operational highlights for Q3 FY26 include a milk procurement volume of 18.3 LLPD (up 7.5% YoY) and milk sales volume of 13.9 LLPD (up 19.6% YoY). Value-Added Products (VAP) sales stood at ₹2,581 million, representing 25% of total sales. The company also noted an increase in milk procurement prices compared to selling prices during the flush season, impacting gross profit margins.
