EBITDA margin guidance of 8-10% for H2 FY26
Management expects to maintain EBITDA margins between 8% and 10% in the second half, barring weather-related disruptions.
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Dodla Dairy · forward-looking guidance across the available source record.
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margins
India standalone revenue growth of 5-6% in H2
India standalone revenue is expected to grow at 5-6% in the second half due to winter seasonality impacting value-added products.
Maharashtra plant to scale to 2 lakh litres/day in 2 years
The Maharashtra facility currently processes 1.2 lakh litres/day and is targeted to reach 2 lakh litres/day within two years, with breakeven expected in 3-4 quarters.
Price hike of ₹2-3/liter expected in summer
Management plans to increase milk prices by ₹2-3 per liter once summer demand picks up, to offset higher procurement costs.
Maharashtra plant to start commercial operations by end of FY27
The Maharashtra greenfield project is on track, with ₹69 crore already spent out of ₹280 crore total capex. First-year revenue potential of ₹500-600 crore.
Uganda greenfield expansion to generate revenue by end of FY28
A new 3 lakh liter/day plant near Kampala will focus on fresh milk and yogurt, with phase one capex of ₹50-60 crore funded by internal accruals.
Value-added product mix target of 30-32% over long term
Management aims to increase VAP share from current 25% to 30-32% through paneer, curd, and ice cream growth.
FY27 revenue growth in low-to-mid teens
Driven by 8-9% organic India growth, Africa's current trajectory, and full-year contribution from OSAM.
Gross margin recovery of 50-100 bps over FY26
Expected as procurement normalizes and pricing actions take effect.
Effective tax rate to normalize to 25-27%
Post completion of favorable tax orders received in FY26.
Africa to scale to 15-18% of consolidated revenue by FY28
Supported by Phase 2 expansion in Uganda (pasteurized milk and products).