Hyderabad-based Dodla Dairy on Wednesday reported results for the July–September quarter of 2026–27. Consolidated net profit was ₹36.6 crore, down 44.3% from ₹65.7 crore a year earlier. Revenue rose 17.4% to ₹1,196 crore from ₹1,018.8 crore.
Farmers paid more, margins thinner
According to Equity Bulls, the average price Dodla paid farmers for milk rose 15.7% to ₹43.2 a litre from ₹37.3. Its selling price rose only 8%, to ₹61.9 a litre from ₹57.3. Packing material costs rose 41.6%. EBITDA fell 30.9% to ₹64.1 crore, and the margin dropped to 5.4% from 9.1%.
Record milk collection
- Daily milk procurement rose 9.3% to a record 21.3 lakh litres.
- Daily milk sales rose 8.4% to 14.2 lakh litres.
- Value-added products such as curd brought in ₹327 crore, 27.3% of sales.
- Revenue from the Africa business rose 55.9%.
The company said it raised prices by ₹2.5 a litre, mostly towards the end of the quarter. Sahi reported that the profit missed the analyst estimate of ₹41.4 crore. Half-year (April–September) profit fell 39.9% to ₹77.2 crore.
New joint venture
The board approved a joint venture with Meadow India Holdings (MIHL) to sell dairy ingredients to business customers. Dodla will hold 40% and MIHL 60%. Definitive agreements and capital details are still to be finalised, and regulatory approvals are needed.
