Dodla Dairy Q3: Revenue **13.7%** Bhagi, Par Margins Pe Pressure! 🍼📈

CONSUMER-PRODUCTS
Whalesbook Logo
AuthorVihaan Mehta|Published at:
Dodla Dairy Q3: Revenue **13.7%** Bhagi, Par Margins Pe Pressure! 🍼📈
Overview

Dodla Dairy ne Q3 FY26 mein **₹1025 Cr** ka revenue post kiya hai, jo pichle saal se **13.7%** zyaada hai, thanks to volumes. Par, milk procurement costs badhne ki wajah se company ke gross margins thode dab gaye hain, gir kar **26%** par aa gaye hain.

So, Dodla Dairy ka Q3 FY26 ka result aa gaya hai, aur numbers thoda mixed hain.

Company ne revenue mein 13.7% ka solid jump dikhaya hai, jo ₹1025 crore tak pahunch gaya. Yeh sab mostly unke liquid milk, curd, aur value-added products ki badhti hui volume ki wajah se hua.

Lekin, asal chinta margins par hai. Milk procurement costs lagbhag ₹2.5 per liter badh gaye hain, jiske kaaran gross margins 28.2% se gir kar 26% par aa gaye hain. Company ne winter season mein kimat nahi badhai taaki market share bna rahe, jo ki ek strategic move hai.

Iska asar EBITDA par bhi dikha, jo ₹79 crore ( 7.7% margin) raha. Profit After Tax (PAT) ₹69 crore ( 6.7% margin) tha. Quarter mein kuch exceptional items bhi the, jaise labor code ke liye ₹6 crore provision aur tax reversal se ₹22 crore ka fayda hua.

Overall, 9 months (9M FY26) ka revenue ₹3051 crore (+8.5% YoY) raha, EBITDA ₹255 crore ( 8.3% margin) aur PAT ₹197 crore ( 6.5% margin).

Africa mein company ka performance zabardast hai. Wahan revenue 34.5% badha hai, khaas kar Kenya mein expansion ki wajah se.

Ab company ne Uganda mein ek naya plant lagane ka plan banaya hai, jisme ₹50-60 crore ka capex hoga aur yeh FY28 tak revenue generate karna shuru kar dega. Maharashtra project bhi FY27 tak ready hone ki ummeed hai.

Aage ke liye, management ka kehna hai ki woh dhire-dhire ₹2-3 per liter tak kimat badhayenge summer mein demand badhne par. Unka target hai ki value-added products (VAPs) ka contribution sales mein 30-32% tak pahunch jaaye.

Company ke paas ₹630 crore cash bhi hai future growth ke liye. Investors ko ab price hikes aur VAP strategy pe nazar rakhni hogi taaki margins recover ho sakein.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.