Dodla Dairy (DODLA) Q4 24/25 earnings summary

Executive summary

• Achieved record consolidated annual revenue of ₹37,201 million in FY25, up 19% year-on-year, with PAT reaching ₹2,599 million, a 55.9% increase year-on-year.

• Growth driven by strong performance in value-added products (VAP), healthy results in Africa, and expansion of the Orgafeed business.

• Maintained stable margins throughout FY25, minimizing seasonal fluctuations.

• Board approved a dividend of ₹2 per share (20% of face value).

• Financial statements include the holding company, five subsidiaries across India, Singapore, Uganda, and Kenya, and one associate.

Financial highlights

• Q4 FY25 revenue grew 15.5% year-on-year to ₹9,096 million; EBITDA at ₹835 million (9.2% margin), net profit at ₹680 million (7.5% margin).

• FY25 EBITDA margin improved to 10.2% from 9.2% in FY24; PAT margin rose to 7.0% from 5.3%.

• VAP sales for FY25 reached ₹12,572 million, up 45.9% year-on-year, contributing 35% to topline.

• Net cash from operating activities for FY25 was ₹5,197.87 million.

• Cash and cash equivalents as of March 31, 2025, stood at ₹7,456 million.

Outlook and guidance

• Targeting 15% procurement volume growth in FY26, aiming for 1.8 million liters/day in India and 2.0 million liters/day consolidated.

• Focus on expanding product reach and portfolio, with continued investment in VAP, Africa, and Orgafeed businesses.

• Margins expected to remain stable, with procurement prices cooling and VAP sales mix supporting profitability.

• Greenfield expansion in Maharashtra to add 1 million liters/day capacity by FY27.

• Pursuing both organic and inorganic growth opportunities.