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Earnings Call Transcript

Dodla Dairy Earnings Call Transcript: Key Takeaways

Dodla Dairy achieved record quarterly revenue of ₹1,198 Cr, but margins faced severe pressure due to elevated milk procurement costs and higher operating expenses.

Guidance and delivery
Management target Revenue 15.0%
Highlights
Revenue growthRevenue grew 19% YoY to record ₹1,198 Cr.
MarginsEBITDA margin declined to 5.4% from 8.2% YoY.
Demand visibilityStrong demand for summer products like curd and ice cream.
Management confidenceBalanced; acknowledging margin pressure while optimistic on seasonal recovery.

Growth

Revenue grew 19% YoY, supported by 17.6% growth in Value Added Products (VAP) and strong Africa performance.

Outlook

Management targets 15% revenue growth and 10% volume growth for the full year.

Risks

High procurement costs (₹41.3/L vs ₹37.4/L YoY) and packaging cost inflation (up 48%) are compressing EBITDA margins.

Last quarter's promises, checked

Delivered

  • Guided Africa EBITDA growth → delivered ₹39 Cr 9M vs ₹31 Cr YoY (= BEAT)
  • Guided 23% VAP growth → delivered 17.6% (= BEAT)
  • Guided Maharashtra project progress → delivered ₹69 Cr invested/civil work ongoing (= BEAT)

Partly delivered

  • Guided Uganda expansion capex ₹50-60 Cr → delivered Project in Phase 1 (= PARTIAL)

Missed

  • Guided EBITDA margin 8-9% → delivered 5.4% (= MISS)
  • Guided procurement cost stability → delivered ₹41.3/L vs ₹39.8/L prev (= MISS)
  • Guided Orgafeed revenue ₹180-200 Cr → delivered ~₹160 Cr annualized (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: DODLA. Summary written with AI assistance from the document.

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Dodla Dairy Ltd: key numbers

Share price
₹1,039.40
Market cap
₹6,270 Cr
Revenue (annual)
₹4,125 Cr
Net profit (annual)
₹267.0 Cr
P/E (TTM)
25.6×Sector 43.4×
Promoter holding
58.92%+0.00% QoQ
FII holding
6.08%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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