Modern Dairies quarterly results and financials

Modern Dairies (BSE 519287)₹47.18+3.81%(9 Nov 2026 close)Dairy Products

Key facts

In the Mar 2026 quarter (standalone), Modern Dairies reported sales of ₹92.01 Cr, up 1.1% from Mar 2025, and net profit of ₹0.33 Cr, down 98.2% year on year. For the year to Mar 2026, sales were ₹339 Cr and net profit ₹5.01 Cr.

Sales (Mar 2026): ₹92.01 Cr
Net profit (Mar 2026): ₹0.33 Cr
Sales (FY Mar 2026): ₹339 Cr
Net profit (FY Mar 2026): ₹5.01 Cr
EPS (Mar 2026): ₹0.12
Borrowings (Mar 2026): ₹12.03 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Modern Dairies quarterly results

₹ crore unless stated; each column is a quarter.

Modern Dairies Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	83.00	80.55	99.88	97.78	94.26	73.78	88.62	91.01	78.23	81.92	87.38	92.01
Expenses	78.97	76.55	93.64	90.21	89.20	69.59	85.50	89.20	75.17	79.11	84.96	90.29
Operating Profit	4.04	3.97	6.21	7.49	5.01	4.10	3.13	1.75	3.04	2.73	2.40	1.68
OPM %	4.8%	4.9%	6.2%	7.6%	5.3%	5.6%	3.5%	1.9%	3.9%	3.3%	2.7%	1.8%
Other Income	0.01	19.32	0.13	0.32	0.15	0.35	55.94	0.19	0.13	0.45	0.34	0.34
Interest	1.31	1.04	0.75	0.68	0.53	0.38	0.44	0.44	0.23	0.25	0.30	0.29
Depreciation	0.70	0.90	1.03	0.75	0.75	0.73	0.78	0.86	0.83	0.83	0.79	0.77
Profit before tax	2.03	21.40	4.54	6.36	3.87	3.33	58.11	0.63	2.10	2.09	1.64	0.95
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−2,779.1%	21.0%	18.7%	24.5%	65.9%
Exceptional items	0.00	18.97	0.00	0.00	0.00	0.00	55.95	0.00	0.00	0.00	0.00	0.00
Net Profit	2.03	21.38	4.53	6.35	3.87	3.33	58.06	17.90	1.66	1.70	1.23	0.33
EPS (Rs)	0.88	9.16	1.95	2.71	1.67	1.41	24.87	6.96	0.63	0.67	0.49	0.12

Modern Dairies profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Modern Dairies Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	496	457	467	560	765	609	241	217	362	348	339	340
Expenses	498	460	479	548	756	599	231	201	339	334	329	330
Operating Profit	−2.01	−4.01	−14.03	11.02	9.02	10.02	10.02	17.03	22.06	14.04	10.02	9.85
OPM %	−0.4%	−0.8%	−2.9%	2.0%	1.1%	1.7%	4.1%	8.0%	6.0%	4.0%	2.9%	2.9%
Other Income	0.00	13.98	0.00	0.00	0.00	−21.96	1.99	0.99	19.97	56.97	0.99	1.26
Interest	17.94	16.92	0.00	0.00	0.00	0.00	0.00	1.99	3.99	1.99	0.99	1.07
Depreciation	4.99	4.99	4.99	4.99	5.98	21.95	5.99	2.99	2.99	2.99	2.99	3.22
Profit before tax	−24.04	−11.03	−19.04	6.02	3.01	−35.07	5.01	12.03	34.08	66.13	7.01	6.78
Tax %	−1.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	−26.1%	26.9%	—
Exceptional items	0.00	13.99	0.00	0.00	0.00	−22.95	0.00	0.00	18.97	55.94	0.00	0.00
Net Profit	−24.04	−11.03	−19.05	6.01	3.01	−35.05	5.01	12.03	34.05	83.16	5.01	4.92
EPS (Rs)	−10.40	−4.90	−7.97	2.61	1.51	−14.90	2.13	5.22	14.67	32.37	1.73	1.91
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Modern Dairies balance sheet

₹ crore, at each year end.

Modern Dairies Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	22.94	22.93	22.94	22.93	22.91	22.92	22.93	22.92	22.92	22.91	26.01	28.01
Reserves	−56.87	−80.80	−92.75	−111	−105	−102	−136	−131	−119	−84.84	15.01	27.03
Borrowings	180	173	177	167	165	155	50.07	0.00	1.01	8.01	7.02	12.03
Other Liabilities	53.26	59.11	46.19	38.05	53.16	53.07	138	170	180	144	69.34	65.32
Total Liabilities	200	175	154	117	137	130	74.24	62.20	85.27	90.30	117	132
Fixed Assets	82.31	79.28	79.31	77.26	76.28	74.24	34.14	30.10	29.11	30.13	31.13	29.12
CWIP	0.00	0.00	0.00	0.00	0.00	2.01	0.00	0.00	1.01	1.01	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.98
Other Assets	117	95.27	74.27	40.13	59.22	54.21	40.10	32.10	56.15	59.16	85.25	96.29
Inventories	74.71	45.57	33.91	16.04	13.83	25.71	23.84	14.20	27.28	28.72	27.42	31.96
Trade receivables	31.33	30.40	27.54	9.50	30.76	23.04	9.18	3.20	18.92	18.72	20.49	24.00
Cash & equivalents	0.47	6.26	1.18	2.64	1.59	0.90	1.09	6.97	0.25	1.56	8.60	10.30
Total Assets	200	175	154	117	137	130	74.24	62.20	85.27	90.30	117	132

Modern Dairies cash flow

₹ crore, for each year.

Modern Dairies Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	17.07	30.13	3.01	16.07	4.02	6.02	7.03	17.07	15.07	47.18	20.08	−4.02
Cash from investing activity	−2.01	−2.01	−5.01	−3.01	−4.01	−5.01	−3.01	−2.01	−3.01	−5.01	−4.01	−7.02
Cash from financing activity	−16.02	−22.02	−3.01	−11.01	0.00	−2.01	−3.01	−9.01	−19.01	−41.01	−10.01	14.02
Net cash flow	−1.01	6.02	−5.02	1.01	−1.01	−1.01	0.00	6.02	−7.02	1.01	7.02	2.01
Capex	2.44	2.17	4.92	3.29	4.58	5.08	3.54	1.97	3.08	4.96	3.64	1.17
Free cash flow	15.03	28.06	−2.01	13.03	−1.01	1.01	3.01	15.03	12.03	42.05	17.04	−6.01
CFO / OP %	−493.1%	−1,511.1%	−68.1%	−118.1%	34.9%	70.9%	65.0%	178.9%	96.0%	222.0%	146.9%	−46.1%

Modern Dairies ratios

Working-capital days and returns, by year.

Modern Dairies Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	19	23	23	8	21	12	7	6	33	20	23	27
Inventory days	47	36	30	14	10	13	16	31	73	39	38	43
Days payable	19	23	22	15	20	18	11	11	88	58	61	59
Cash conversion cycle	46	35	30	6	10	6	11	25	16	0	−1	10
Working capital days	−11	−44	−39	−136	−109	−74	−89	−223	−217	−91	−14	−3
ROCE %	−4.0%	−5.0%	−8.0%	−20.0%	8.0%	4.0%	−172.1%	—	—	—	—	14.0%

Modern Dairies: frequently asked questions

What are the latest quarterly results of Modern Dairies?

For the Mar 2026 quarter, Modern Dairies reported sales of ₹92.01 Cr, up 1.1% year on year and net profit of ₹0.33 Cr, down 98.2% year on year. The operating margin was 1.8%.

What is the annual revenue of Modern Dairies?

Modern Dairies' sales for the year to Mar 2026 were ₹339 Cr; over the last twelve months they were ₹340 Cr.

What is the net profit of Modern Dairies?

Net profit for the year to Mar 2026 was ₹5.01 Cr, and ₹4.92 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.91.

How much debt does Modern Dairies have?

Modern Dairies reported borrowings of ₹12.03 Cr at Mar 2026, against cash and equivalents of ₹10.30 Cr.

What is the free cash flow of Modern Dairies?

Cash from operations was −₹4.02 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹6.01 Cr.

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