Dodla Dairy Limited has reported its highest-ever annual performance for FY26, achieving a consolidated revenue of ₹41,252 million, reflecting an 11% year-on-year growth. Despite a challenging environment with constrained milk supply, the company maintained a resilient performance, supported by volume-driven growth and a focus on long-term expansion in India and Africa. The company remains net debt-free with a strong outlook for its upcoming integrated dairy plant in Maharashtra.
Financial Performance Overview
For the financial year 2026, Dodla Dairy delivered robust results with an annual revenue of ₹41,252 million. The company achieved an EBITDA of ₹3,085 million with a margin of 7.5% and a PAT of ₹2,670 million, representing a 6.5% margin. The performance was characterized by consistent revenue generation, exceeding ₹10,000 million in each of the four quarters of the fiscal year.
Key Operational Highlights
The company achieved its highest-ever milk sales volume of 14.0 LLPD, reflecting a 19.5% year-on-year increase, while milk procurement volume rose by 13.4% to reach 18.5 LLPD. Value-added products remained a strategic pillar, contributing 28% of total sales, with strong growth in curd sales of 15.4% and significant contributions from summer products like buttermilk, flavoured milk, and lassi.
Strategic Expansion and Future Growth
Dodla Dairy is actively executing its capital expenditure plan of over ₹5,900 million for FY26-FY28. Key projects include a greenfield expansion in Maharashtra with a planned capacity addition of 10 LLPD, expected to be operational by the end of FY27. Additionally, the company is leveraging the OSAM Dairy brand acquired in July 2026 to strengthen its footprint in Eastern India, and is progressing with a greenfield plant in Uganda to capitalize on the African market’s potential.
Business Segments
The company continues to diversify its revenue streams. The Africa Business witnessed a strong revenue growth of 48%, driven by a 63% jump in milk sales. Meanwhile, the Orgafeed segment reported a revenue growth of 23.2%, highlighting the company’s success in integrating cattle feed manufacturing with its core dairy procurement network to improve farmer relationships and operational efficiency.
Source: BSE
