Dodla Dairy Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 5 Aug 2026 | Food Products | Market Cap: ₹6.7K Cr
Dodla Dairy aims to maintain a CAGR of 10% volume growth and 15% revenue growth for FY '26 and FY '27. Dodla Dairy aims to maintain a CAGR growth of 10% volume and 15% revenue in FY26 and FY27, with possible minor variations.
From Dodla Dairy Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,138
Market Cap
₹6.7K Cr
P/E Ratio
27.1
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Dodla Dairy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹845 Cr, net profit ₹55 Cr.
Full financials →📊 Revenue & Sales Performance
- →Dodla Dairy aims to maintain a CAGR of 10% volume growth and 15% revenue growth for FY '26 and FY '27.
- →Growth may vary slightly in volume and revenue but the target rates are around 10% volume and 15% revenue annually.
- →Revenue growth driven by a combination of volume increase and higher value-added product (VAP) sales.
- →Expansion plans include a new Greenfield facility in Maharashtra (10 lakh litres/day capacity) expected by end FY '27.
- →Focus on increasing VAP sales contribution, expected to improve with seasonal demands and by curbing seasonality through geographic expansion.
- →Demand outlook remains positive, with continued growth expected in coming quarters.
- →Quick commerce and modern trade channels are growing, contributing to new sales avenues.
- →The company plans to grow its Dodla Parlours by 2-3% annually, targeting profitable expansion.
📈 Profitability & Margins
- →Dodla Dairy aims to maintain a CAGR growth of 10% volume and 15% revenue in FY26 and FY27, with possible minor variations.
- →Operating margins are expected to be stable; margins in Africa may fluctuate seasonally but will be maintained overall.
- →The INR 280 crores capex for a Maharashtra greenfield plant (1 million litre capacity) is expected to come online between Dec 2026 and Mar 2027, contributing to revenue growth.
- →Continued growth driven by volume increases, higher VAP (Value Added Products) sales, and expanded capacities in India and Africa.
- →Demand is expected to keep growing with good consumption pullback observed.
- →EBITDA margins are around 7-9% for key products like ghee; overall EBITDA margins are stable at about 10.6% for Q3 FY25.
- →Tax benefits from Singapore tax residency certificate improve net profitability.
- →Growth fuelled by a mix of organic expansion and acquisitions supported by strong cash flows and strategic debt use.
🏗️ Capital Expenditure Plans
- →Approved a capex of INR 280 crores for a Greenfield facility in Maharashtra, expected operational between Dec 2026 to Mar 2027.
- →The Maharashtra plant will have a 10 lakh litre per day handling capacity, including a 60 tons/day powder plant and liquid milk as well as curd production.
- →Civil work for the Maharashtra plant has commenced, with plans to add chilling centers to support milk procurement.
- →Funding for the capex will be via a mix of debt and internal accruals, leveraging possible government interest subvention benefits.
- →Expansion plans include increasing milk procurement in Maharashtra to 5 lakh litres per day by plant commissioning.
- →The company continues to pursue acquisitions alongside greenfield expansions to support growth.
- →Kenya plant in Africa currently at 40% utilization with plans to increase capacity utilization and volume growth.
💰 Fundraising & Capital Structure
- →The company plans a capex of INR 280 crores toward a Greenfield facility in Maharashtra with a 10 lakh litre per day capacity, expected operational by end of FY 2027.
- →Funding for this capex will be through a combination of debt and internal accruals.
- →They prefer to take debt if government interest subvention benefits are available to optimize capital returns.
- →If no such benefits are available, they may fund the capex fully through internal cash accruals (equity), though this is more expensive.
- →The company currently has ample own capital for deployment and intends to maintain healthy cash flows for working capital and expansion.
- →No explicit mention of new equity fundraising for this capex or other purposes was stated.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Dodla Dairy Ltd Q3 FY25 results?
Dodla Dairy aims to maintain a CAGR of 10% volume growth and 15% revenue growth for FY '26 and FY '27. Dodla Dairy aims to maintain a CAGR growth of 10% volume and 15% revenue in FY26 and FY27, with possible minor variations.
What is Dodla Dairy Ltd share price analysis?
Dodla Dairy Ltd currently shows a neutral. The stock trades at a P/E of 27.1 with a market cap of ₹6,693 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dodla Dairy Ltd planning capital expenditure?
Approved a capex of INR 280 crores for a Greenfield facility in Maharashtra, expected operational between Dec 2026 to Mar 2027.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.