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Dodla Dairy (DODLA)₹970.50−1.87%Dairy Products
In the Sep 2026 quarter (consolidated), Dodla Dairy reported sales of ₹1,199 Cr, up 17.4% from Sep 2025, and net profit of ₹37.01 Cr, down 43.9% year on year. For the year to Mar 2026, sales were ₹4,137 Cr and net profit ₹267 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 748 | 789 | 915 | 1,000 | 902 | 912 | 1,009 | 1,021 | 1,028 | 1,077 | 1,201 | 1,199 |
| Expenses | 662 | 709 | 804 | 897 | 802 | 823 | 921 | 923 | 942 | 1,017 | 1,128 | 1,128 |
| Operating Profit | 83.03 | 75.01 | 105 | 95.97 | 95.99 | 84.01 | 83.01 | 93.01 | 79.07 | 54.02 | 65.01 | 64.05 |
| OPM % | 11.0% | 9.9% | 11.9% | 10.0% | 10.9% | 9.0% | 8.0% | 8.9% | 7.9% | 5.0% | 5.0% | 5.0% |
| Other Income | 6.02 | 8.02 | 7.03 | 10.04 | 11.04 | 26.10 | 17.06 | 11.04 | 6.02 | 23.08 | 14.05 | 11.03 |
| Interest | 0.99 | 0.99 | 0.99 | 1.01 | 1.01 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Depreciation | 17.98 | 17.97 | 17.96 | 18.95 | 19.96 | 17.95 | 17.97 | 20.95 | 21.96 | 21.97 | 22.98 | 23.94 |
| Profit before tax | 69.94 | 63.92 | 92.83 | 85.86 | 85.86 | 89.87 | 80.85 | 82.90 | 62.90 | 53.89 | 54.91 | 50.91 |
| Tax % | 41.0% | 26.9% | 29.9% | 27.0% | 26.0% | 25.0% | 22.0% | 20.9% | −10.1% | −29.1% | 25.9% | 27.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −5.68 | 3.11 | 0.00 | 0.00 |
| Net Profit | 40.96 | 47.01 | 64.97 | 62.96 | 64.01 | 67.95 | 63.04 | 66.01 | 69.02 | 70.03 | 41.03 | 37.01 |
| EPS (Rs) | 6.94 | 7.86 | 10.92 | 10.49 | 10.52 | 11.24 | 10.41 | 10.87 | 11.37 | 11.54 | 6.73 | 6.06 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,592 | 1,696 | 2,142 | 1,950 | 2,247 | 2,819 | 3,132 | 3,728 | 4,137 | 4,505 |
| Expenses | 1,471 | 1,551 | 1,990 | 1,693 | 2,024 | 2,610 | 2,823 | 3,324 | 3,801 | 4,215 |
| Operating Profit | 114 | 135 | 143 | 244 | 212 | 193 | 290 | 382 | 310 | 262 |
| OPM % | 7.0% | 8.0% | 7.0% | 13.0% | 9.0% | 7.0% | 8.9% | 10.0% | 8.0% | 5.8% |
| Other Income | 6.02 | 7.03 | 5.01 | 6.02 | 13.04 | 22.08 | 26.07 | 53.20 | 57.20 | 54.18 |
| Interest | 10.99 | 11.98 | 17.01 | 12.99 | 6.99 | 1.99 | 2.99 | 3.99 | 3.99 | 3.96 |
| Depreciation | 27.96 | 36.91 | 48.89 | 50.92 | 51.90 | 60.91 | 69.89 | 74.81 | 81.91 | 90.85 |
| Profit before tax | 79.88 | 92.91 | 81.88 | 186 | 166 | 152 | 244 | 355 | 280 | 223 |
| Tax % | 28.9% | 32.9% | 39.0% | 31.9% | 19.9% | 18.9% | 31.9% | 27.0% | 5.0% | — |
| Exceptional items | −0.99 | 1.99 | 0.99 | −0.99 | 0.99 | 1.99 | 2.99 | 7.98 | 13.97 | −2.57 |
| Net Profit | 56.99 | 62.96 | 49.95 | 126 | 133 | 122 | 167 | 260 | 267 | 217 |
| EPS (Rs) | 10.19 | 11.25 | 8.94 | 21.56 | 22.27 | 20.52 | 28.00 | 42.98 | 44.17 | 35.70 |
| Dividend payout % | 0.0% | 0.0% | 58.0% | 0.0% | 0.0% | 0.0% | 0.0% | 12.0% | 11.0% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.99 | 56.03 | 55.99 | 58.04 | 59.08 | 59.03 | 59.01 | 60.06 | 60.07 |
| Reserves | 335 | 350 | 377 | 599 | 783 | 911 | 1,077 | 1,344 | 1,611 |
| Borrowings | 132 | 167 | 160 | 99.21 | 13.02 | 32.04 | 46.07 | 42.05 | 57.08 |
| Other Liabilities | 136 | 179 | 200 | 217 | 233 | 248 | 294 | 283 | 357 |
| Total Liabilities | 607 | 752 | 793 | 972 | 1,088 | 1,250 | 1,477 | 1,730 | 2,085 |
| Fixed Assets | 327 | 499 | 535 | 548 | 565 | 623 | 711 | 749 | 1,054 |
| CWIP | 16.05 | 11.03 | 11.03 | 8.02 | 4.01 | 58.17 | 12.02 | 12.02 | 109 |
| Investments | 66.88 | 25.95 | 11.98 | 59.89 | 184 | 260 | 196 | 643 | 410 |
| Other Assets | 198 | 214 | 234 | 356 | 335 | 311 | 557 | 325 | 510 |
| Inventories | 134 | 125 | 120 | 96.08 | 121 | 120 | 390 | 162 | 155 |
| Trade receivables | 4.01 | 7.01 | 7.01 | 5.01 | 5.01 | 9.01 | 11.02 | 12.01 | 14.02 |
| Cash & equivalents | 14.04 | 22.08 | 69.18 | 225 | 132 | 125 | 103 | 102 | 239 |
| Total Assets | 607 | 752 | 793 | 972 | 1,088 | 1,250 | 1,477 | 1,730 | 2,085 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 86.99 | 136 | 166 | 245 | 171 | 161 | −1.01 | 520 | 295 |
| Cash from investing activity | −65.99 | −148 | −75.92 | −200 | −137 | −210 | 29.98 | −525 | −285 |
| Cash from financing activity | −41.13 | 60.21 | −26.09 | 11.03 | −49.12 | 15.03 | −1.01 | −8.02 | −25.06 |
| Net cash flow | −20.04 | 48.12 | 64.20 | 55.15 | −14.04 | −35.06 | 28.09 | −14.04 | −15.03 |
| Capex | 72.14 | 97.18 | 95.12 | 57.10 | 72.06 | 108 | 107 | 110 | 162 |
| Free cash flow | 15.99 | 39.01 | 70.97 | 189 | 101 | 55.97 | −105 | 412 | 135 |
| CFO / OP % | 90.9% | 113.9% | 124.0% | 121.0% | 98.9% | 107.0% | 22.0% | 164.9% | 112.9% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Inventory days | 39 | 35 | 26 | 25 | 26 | 19 | 61 | 21 | 17 |
| Days payable | 18 | 21 | 16 | 22 | 22 | 21 | 23 | 20 | 21 |
| Cash conversion cycle | 22 | 16 | 11 | 4 | 5 | 0 | 40 | 2 | −3 |
| Working capital days | −14 | −7 | −14 | −16 | −9 | −8 | 18 | −7 | −11 |
| ROCE % | — | 20.0% | 17.0% | 30.0% | 21.0% | 16.0% | 22.0% | 27.0% | 17.0% |
For the Sep 2026 quarter, Dodla Dairy reported sales of ₹1,199 Cr, up 17.4% year on year and net profit of ₹37.01 Cr, down 43.9% year on year. The operating margin was 5.0%.
Dodla Dairy's sales for the year to Mar 2026 were ₹4,137 Cr; over the last twelve months they were ₹4,505 Cr.
Net profit for the year to Mar 2026 was ₹267 Cr, and ₹217 Cr over the last twelve months. Earnings per share over the same trailing period were ₹35.70.
Dodla Dairy reported borrowings of ₹57.08 Cr at Mar 2026, against cash and equivalents of ₹239 Cr.
Cash from operations was ₹295 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹135 Cr.