Dodla Dairy Limited has informed the Exchange about Investor Presentation
DODLA · price
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Dodla Dairy reported Q2 FY26 consolidated revenue of ₹10,188 Mn, up 2.1% YoY, with PAT of ₹657 Mn (6.4% margin, +3.6% YoY) and EBITDA of ₹928 Mn (9.1% margin). Gross margin expanded sharply by over 200 basis points to 27.7%, supported by a deliberate shift away from low-margin bulk sales (SMP and butter) toward higher-margin value-added products like curd, ghee, lassi, flavoured milk, and ice cream. Milk procurement grew 13.4% YoY to 19.5 LLPD, while VAP sales (excluding bulk) rose to ₹2,617 Mn from ₹2,115 Mn a year ago. The recently completed acquisition of HR Food Processing (Osam) for ₹2,710 Mn equity value contributed two months to the quarter and brought goodwill of ₹1,832 Mn on the balance sheet. Africa revenue grew 21.7% YoY but margins were under pressure from strategic pricing to gain share in Kenya, while Orgafeed grew 28.3% with a 13.7% EBITDA margin.
Mixed quarter — revenue growth was modest and EBITDA margin slipped to 9.1% from 9.6%, but the strong gross margin expansion and VAP shift signal improving profitability mix, while the Osam acquisition strengthens presence in eastern India. Near-term watch points include Africa margin pressure, OSAM integration costs, and procurement prices rising faster than realization.