Dodla Dairy Records Highest Quarterly Revenue of ₹1,197.9 Cr in Q1 FY27
Dodla Dairy Limited, an integrated dairy company established in 1995, has announced its unaudited financial results for the first quarter of the fiscal year (Q1 FY27) ended June 30, 2026. The company reported a record quarterly revenue of ₹1,197.9 Cr.The consolidated financial highlights show significant growth in revenues, although profitability metrics faced pressure due to various operational and input cost factors.
Consolidated Financial Overview
| Particulars (INR in Cr) | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |
|---|---|---|---|---|---|
| Revenues | 1,197.9 | 1,006.9 | 19.0% | 1,074.5 | 11.5% |
| EBITDA | 64.9 | 82.5 | -21.3% | 53.8 | 20.6% |
| EBITDA margin | 5.4% | 8.2% | N/A | 5.0% | N/A |
| PAT | 40.6 | 62.9 | -35.4% | 69.8 | -41.7% |
| PAT margin | 3.4% | 6.2% | N/A | 6.5% | N/A |
Operational and Value-Added Product Performance
Operational metrics demonstrated strong growth, particularly in procurement volumes. The company achieved its highest ever milk procurement volume of 21.1 LLPD, reflecting a 13.0% year-on-year (YoY) increase. Milk sales volume stood at 13.6 LLPD, marking a 14.5% YoY rise.In terms of product mix, total Value-Added Products (VAP) sales reached ₹414.7 Cr, accounting for 34.6% of total sales. This figure is compared to ₹352.8 Cr, or 35.0% of revenue, in the previous year. The curd sales volume showed a solid growth of 41.4%, reaching an all-time high of 642.6 MTPD.
The company’s Africa business delivered strong performance with a 45.6% YoY revenue growth, driven by a robust milk sales increase of 52.3% YoY. The Africa segment achieved an all-time high EBITDA of ₹24.2 Cr through strategically priced products gained in the Kenyan market.
Milk Pricing and Business Segments Impact
The operational performance was tempered by rising input costs. High procurement prices, driven partly by a focus on building inventories, were gradually passed onto end customers. The company noted that pricing strategies align with general industry trends and contributed to lower gross profit margins for the quarter.The milk price data shows:
| Milk Price Metric (₹) | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |
|---|---|---|---|---|---|
| Realization price | 59.4 | 57.2 | 3.9% | 58.4 | 1.8% |
| Procurement price | 41.3 | 37.4 | 10.4% | 41.0 | 0.8% |
The report highlighted that increased expenses, including employee costs pertaining to minimum wage criteria and a sharp 48% increase in packing material costs due to geopolitical tensions, impacted profitability across the business.
Corporate Strategy and Investment
A key strategic move announced by the company was the approval of a primary investment amounting to ₹11.6 crore for acquiring a 2% stake in Sids Farm Private Limited. The investment is made at a pre-money valuation of ₹500 Cr. Sids Farm is described as a premium, antibiotic- and hormone-free dairy brand with a strong direct-to-consumer (D2C) and e-commerce presence, aligning with the company's broader strategy to expand its VAP mix and diversify its portfolio.Commenting on the results, Dodla Dairy’s Managing Director, Mr. Dodla Sunil Reddy, stated that Q1 FY27 saw record procurement and revenue. While operational improvements were seen in Africa, OSAM, and Orgafeed businesses, standalone performance faced pressure primarily due to pricing challenges. He added that the company is progressing well toward its expansion plans, which include capacity increases, expanding geographic footprint, and enhancing the VAP mix.
DODLA Stock Price Movement
Dodla Dairy Limited shares gained significantly on Friday, as the stock rallied by 3.15% to close at ₹1070.The equity saw a trading volume of 19,101 shares during the session, hitting a high of ₹1070 and a low of ₹1024.6.
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