Dodla Dairy Management Guidance Tracker
11 forward-looking guidance items tracked across 3 quarters.
Margins
Management expects to maintain EBITDA margins between 8% and 10% in the second half, barring weather-related disruptions.
Q4 FY26Gross margin recovery of 50-100 bps over FY26TrackedExpected as procurement normalizes and pricing actions take effect.
Revenue
India standalone revenue is expected to grow at 5-6% in the second half due to winter seasonality impacting value-added products.
Q3 FY26Price hike of ₹2-3/liter expected in summerActiveManagement plans to increase milk prices by ₹2-3 per liter once summer demand picks up, to offset higher procurement costs.
Q4 FY26FY27 revenue growth in low-to-mid teensTrackedDriven by 8-9% organic India growth, Africa's current trajectory, and full-year contribution from OSAM.
Expansion
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.
Q3 FY26Maharashtra plant to start commercial operations by end of FY27TrackedThe 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.
Q3 FY26Uganda greenfield expansion to generate revenue by end of FY28TrackedA 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.
Q4 FY26Africa to scale to 15-18% of consolidated revenue by FY28TrackedSupported by Phase 2 expansion in Uganda (pasteurized milk and products).