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Dodla Dairy Ltd

Q2 FY26Food Products

Dodla Dairy Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,004
Market cap₹6.1K Cr
P/E24.5
Updated16 Oct 2026
Read4 min read

The short version

Stand-alone India revenue growth expected at 5% to 6% for H2 FY '25, influenced by winter season reducing value-added product (VAP) sales. Stand-alone India revenue expected to grow 5%-6% in H2 FY '26 due to seasonal factors (Page 20).

From Dodla Dairy Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Stand-alone India revenue growth expected at 5% to 6% for H2 FY '25, influenced by winter season reducing value-added product (VAP) sales.
  • Value-added product sales (excluding bulk) showing positive momentum with a 22% YoY growth in Q2 FY '26.
  • Focus on expanding sales presence and geographic footprint, notably in Maharashtra with plans to increase milk procurement and sales gradually.
  • OSAM division aims to scale milk volumes from 1.2 lakh liters/day to 2 lakh liters/day by FY '27 and improve EBITDA margins from current 2-3% to consolidated company levels over 2-3 years.
  • Growth driven by deepening existing markets (50%) and expanding into new areas (50%), especially in Telangana and Tamil Nadu.

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Profitability & Margins

See what Dodla Dairy Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • In H1 FY '26, Dodla Dairy Limited incurred capex of INR77 crores, largely towards Maharashtra expansion.
  • The company is building out its team and infrastructure to support growth, including expansion plans to reach 20 lakh liters milk procurement in India.
  • Additional manpower and procurement capacities are being developed, particularly related to the Maharashtra project.
  • There is emphasis on improving operational efficiencies, especially in newer segments like OSAM Dairy.

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Top-ranked in Food Products

Ranked on what management guided this quarter

Guidance-ranked
1Milky Mist Dairy
Rev 1Mar 1
2Hoac Foods India Ltd
Rev 1Mar 1
3
Rev 2Mar 1
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Dodla Dairy Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention current or expected orderbook or pending orders for Dodla Dairy Limited. However, insights related to sales, procurement, and growth outlook include: - Milk procurement stood at 19.5 lakh liters per day in Q2 FY26, up 13.4% YoY, reflecting efficiency improvement and business expansion including OSAM volumes. - Liquid milk sales volume grew 12.6% YoY at 13.1 lakh liters per day. - Focus on increasing procurement and expanding product portfolio to capture newer markets. - Volume growth in value-added products (VAP) and curd sales with a positive outlook on consistent growth.

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Dodla Dairy Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹845 Cr, net profit ₹55 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Dodla Dairy Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Dodla Dairy Ltd Q2 FY26 results?

Stand-alone India revenue growth expected at 5% to 6% for H2 FY '25, influenced by winter season reducing value-added product (VAP) sales. Stand-alone India revenue expected to grow 5%-6% in H2 FY '26 due to seasonal factors (Page 20).

What is Dodla Dairy Ltd share price analysis?

Dodla Dairy Ltd currently shows a neutral. The stock trades at a P/E of 24.5 with a market cap of ₹6,057 Cr. Investors should review the full earnings analysis for detailed insights.

Is Dodla Dairy Ltd planning capital expenditure?

In H1 FY '26, Dodla Dairy Limited incurred capex of INR77 crores, largely towards Maharashtra expansion.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.