Dodla Dairy Q2 FY27: PAT ₹40.6 & Rev ₹1,197.9 Cr

1 Financial Results 🔴 High Importance Neutral 📄 PDF

Investor Takeaways

Revenue reached ₹1,197.9 crores, up 19% YoY, driven by 13% milk procurement growth and 45.6% Africa revenue surge.

Net Profit declined 35.4% YoY to ₹40.6 crores, primarily due to pricing pressure and higher operational costs.

Africa revenue growth and VAP sales (34.6% of total) indicate segmental expansion, though profitability remains under pressure.

Overall Tone: Cautious

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹1,197.9 Cr	+19%
Net Profit	₹40.6 Cr	-35.4%
EBITDA	Not available	Not available
EPS	[amount not verified]	-35.4% (aligned with PAT decline)
OPM	3.39%	-2.26 pp (calculated from data)

What Changed

Dodla Dairy reported record Q1 FY27 revenue of ₹1,197.9 crores, a 19% year-on-year increase, fueled by 13% growth in milk procurement and a 45.6% surge in Africa revenue. However, net profit fell sharply by 35.4% to ₹40.6 crores, reflecting margin compression from pricing pressures and elevated costs. The company noted that prices are expected to normalise from Q2 onwards, which may alleviate some margin strain. Despite the profit decline, the expansion in Africa and value-added products (VAP) segments, contributing 34.6% of total sales, presents a strategic growth narrative. The company’s market capitalization stands at ₹6,187.22 crores, with a P/E ratio of 25.72, suggesting moderate valuation relative to peers.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Dodla Dairy	25.72	Not available	Not available	6,187.22
Hindustan Unilever	36.79	29.38%	27.39%	5,33,874.13
ITC Limited	11.06	50.02%	38.91%	3,87,724.39
Nestle India	84.59	81.33%	93.64%	2,75,845.36

Dodla Dairy trades at a significantly lower P/E multiple compared to Nestle India and Hindustan Unilever, but below ITC’s valuation. Its ROE and ROCE figures were not provided in the filing, limiting direct profitability benchmarking against high-return peers.

Risks & Concerns

Margin pressure due to pricing strategy and rising input costs.

Profitability declined sharply despite revenue growth, indicating operational headwinds.

No specific risks identified beyond stated cost and pricing dynamics.

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY25	901.22	63.57	10.64%
Q2FY25	997.62	63.38	9.65%
Q1FY25	911.60	65.02	11.53%
Q4FY24	787.45	46.83	9.58%

The latest quarter’s profit margin (3.39%) is significantly lower than previous quarters, underscoring the impact of current cost and pricing pressures on the bottom line.

2 Financial Results 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Dodla Dairy reported record Q1 FY27 revenue of ₹1,197.9 crore, up sharply from prior periods, with EBITDA at ₹64.9 crore and PAT at ₹40.6 crore.

🔄 What Changed
Revenue grew significantly to ₹1,197.9 crore, driven by volume growth and VAP performance; PAT reached ₹40.6 crore; capex planned at ₹590 crore through FY28; milk procurement prices rose 10.4% YoY.

🔮 What's Next

Capex of ₹590 crore planned through FY28; Africa revenue growth of 45.6%; VAP sales projected to grow from ₹432 Cr (FY21) to ₹1,053 Cr (FY26); OSAM acquisition completed for ₹2,472 million in August 2025.

💡 Investor Takeaway
The company is aggressively expanding its VAP segment and geographic footprint, but rising input costs could pressure margins despite strong top-line growth.

Dodla Dairy reported record Q1 FY27 revenue of ₹1,197.9 crore, up sharply from prior periods, with EBITDA at ₹64.9 crore and PAT at ₹40.6 crore. The growth was driven by strong volume expansion in milk procurement and sales, robust performance in Value Added Products (VAP), and strategic acquisitions including OSAM Dairy. However, rising milk procurement costs and input price pressures pose margin risks. Capex plans include a new Maharashtra project and Africa expansion, with ₹590 crore planned through FY28.

📊 Stock Analysis — DODLA ✨ Ask AI About This

About Dodla Dairy Limited (DODLA)

Fast Moving Consumer Goods · FMCG · Listed on NSE

Market Cap: ₹6,514.2 Cr P/E: 26.6 ROE: 14.6% ROCE: 15.1% Div Yield: 0.46%

View full DODLA stock details →

📡 Get AI alerts when DODLA files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track DODLA — Free

💡 Ask AI about this filing

"How will pricing normalization impact Q2 margins?" "What is the valuation of the Sids Farm 2% stake?" "When will Africa EBITDA margins improve?"

Ask AI Free →

📊 More DODLA filings

See all DODLA filings →

🔥 Also filed on 25 July 2026

SBFC SBFC Finance Limited Financial Results AUBANK AU Small Finance Bank Limited Corporate Action EUREKAFORB Eureka Forbes Limited Annual Report EUREKAFORB Eureka Forbes Limited Annual Report EICHERMOT Eicher Motors Limited Annual Report EICHERMOT Eicher Motors Limited Annual Report

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when DODLA files new disclosures

Track DODLA filings, board meetings, and corporate actions. Free email alerts at 5 PM.