DODLA DAIRY LIMITED

In the Q1 FY27 earnings conference call, management reported the highest-ever quarterly revenue of INR 1,198 crores, marking a 19% year-on-year increase. Milk procurement reached approximately 21.1 lakh liters per day, supported by improved milk supply. However, elevated procurement prices led to pressure on profitability, with EBITDA at INR 65 crores and PAT at INR 41 crores. Management noted a year-on-year decline in EBITDA and PAT due to cyclical input cost pressures but anticipated a gradual recovery starting in Q2. The value-added products segment achieved record sales of INR 415 crores, reflecting a 17.6% year-on-year growth. The Africa business also performed strongly, with revenues of INR 154 crores, a 45.6% increase year-on-year. Management discussed ongoing expansion initiatives and a strategic investment in Sids Farm Private Limited to enhance their premium dairy segment exposure. The call concluded with management expressing confidence in achieving long-term objectives despite near-term challenges.

Management highlighted both strong revenue growth and ongoing profitability pressures.