Dodla Dairy Ltd
NSE:DODLA
Dodla Dairy Ltd
Dodla Dairy Ltd. engages in procurement of milk and milk products. The company is headquartered in Hyderabad, Telangana and currently employs 2,644 full-time employees. The company went IPO on 2021-06-28. The firm offers a range of milk products, such as milk, butter milk, curd, ice cream, butter, ghee, paneer, flavoured milk, sweets and doodh peda. The company offers different types of milk in pouches, such as Full Cream Milk, Toned Milk, Standardised Milk, Double Toned Milk and UHT Milk. Its ghee is extracted from cow and buffalo milk and are sold in jars, pouches, sachet, and tin. Its sterilized flavored milk is available in seven flavors, such as badam, strawberry, pista, vanilla, elaichi, chocolate and pineapple. The company also manufactures milk-based sweets, such as gulab jamun, basundhi and junnu. The company has approximately 94 milk chilling centers. Its products are sold under the Dodla Dairy brand name in India. The firm has approximately 13 milk processing plants across the states of Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.
Dodla Dairy Ltd. engages in procurement of milk and milk products. The company is headquartered in Hyderabad, Telangana and currently employs 2,644 full-time employees. The company went IPO on 2021-06-28. The firm offers a range of milk products, such as milk, butter milk, curd, ice cream, butter, ghee, paneer, flavoured milk, sweets and doodh peda. The company offers different types of milk in pouches, such as Full Cream Milk, Toned Milk, Standardised Milk, Double Toned Milk and UHT Milk. Its ghee is extracted from cow and buffalo milk and are sold in jars, pouches, sachet, and tin. Its sterilized flavored milk is available in seven flavors, such as badam, strawberry, pista, vanilla, elaichi, chocolate and pineapple. The company also manufactures milk-based sweets, such as gulab jamun, basundhi and junnu. The company has approximately 94 milk chilling centers. Its products are sold under the Dodla Dairy brand name in India. The firm has approximately 13 milk processing plants across the states of Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.
Revenue Growth: Dodla Dairy reported Q3 FY'26 revenue of INR 1,025 crores, up 13.7% year-on-year, driven by strong liquid milk and product sales.
Margin Pressure: EBITDA margin was 7.7% and PAT margin 6.7%, with gross margin declining to 26% from 28.2% last year due to higher procurement costs and limited ability to pass on costs.
Procurement Costs: Milk procurement cost increased sequentially by INR 2.5 per liter, primarily from supply shortages caused by erratic rainfall, with Maharashtra seeing the largest spike.
Price Hike Plans: Management expects to implement a price hike of INR 2–3 per liter in the coming summer months to offset higher input costs.
Africa Business: Africa operations delivered strong growth, with Q3 revenue up 34.5% year-on-year, and EBITDA for the 9 months rising from INR 31 crores to INR 39 crores.
OSAM Integration: OSAM contributed a full quarter, with Q3 revenue at INR 80 crores and ongoing work to improve operational efficiencies.
Expansion Projects: Greenfield expansion is underway in Uganda with a planned capacity of 3 lakh liters per day, aiming to increase market share in East Africa.
Value-Added Products: VAP share grew from 23% to 25% despite early winter impacting high-margin products; curd, paneer, and ice cream are expected to drive future VAP growth.
