Press Release

An ISO 22000-2005 & 50001 EnMS Certified Company CIN: L15209TG1995PLC020324 Date: 28 October 2026 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchanges of India Limited Phiroze Jeejeebhoy Towers "Exchange Plaza", 5th Floor, Dalai Street, Fort Plot No.C/1, G Block Mumbai-400 001 Bandra-Kurla Complex Bandra (East), Mumbai 400051. Scrip Code : 543306 Scrip Code : DODLA Dear Sir/Madam, Sub: Press Release on the Unaudited Financial Results of the Company for the quarter and half year ended 30 September 2026 With reference to the above stated subject, please find enclosed Press Release on the Unaudited Financial Results of the Company for the quarter and half year ended 30 September 2026. This is for your information and records. Thanking You, Yours Faithfully, For Dodla Dairy Limited Surya Prakash M Company Secretary & Compliance Officer Encl: as above Registered & Corporate Office: # 8-2-293/82/A, 270/Q, Road No 10-C, Jubilee Hills, Hyderabad – 500 033, Telangana, India. Tel: +91 40 45467777, Fax: +91 40 45467788 Website: www.dodladairy.com, Email: mail@dodladairy.com & cs@dodladairy.com, Toll Free No: 1800-103-1477 Investor Release Dodla Dairy Limited Reports Q2 & H1 FY27 Results ❖ Highest ever Milk Procurement volume of 21.3 LLPD with 9.3% YoY growth ❖ Q2FY27 VAP contribution excluding bulk sale stood at 27.3% as against 26.0% in Q2FY26 ❖ Africa business delivered a solid revenue growth of 55.9% YoY Hyderabad, October 28th, 2026: Dodla Dairy Limited (BSE - 543306, NSE - DODLA, ISIN: INE021001019), one of India's leading integrated dairy companies, has announced its unaudited financial results for Q2 & H1 FY27. Co nsolidated Financial Highlights Particulars (INR in Crores) Q2FY27 Q2FY26 YoY Q1FY27 QoQ H1FY27 H1FY26 YoY Revenues 1,196.0 1,018.8 17.4% 1,197.9 -0.2% 2,394.0 2,025.7 18.2% EBITDA 64.1 92.8 -30.9% 64.9 -1.2% 129.0 175.32 -26.4% EBITDA margin 5.4% 9.11% 5.4% 5.4% 8.7% PAT 36.6 65.7 -44.3% 40.6 -10.0% 77.2 128.5 -39.9% PAT margin 3.1% 6.4% 3.4% 3.2% 6.3% EPS (in INR) 6.1 10.9 6.7 12.8 21.3 Operational Highlights – Q2 FY27 Volume Highlights • Highest ever Milk Procurement volume of 21.3 LLPD up 9.3% YoY • Milk Sales volume stood at 14.2 LLPD, an increase of 8.4% YoY Value Added Products Impact • Total Value-Added Products sales stood at ₹ 327.0 Cr (27.3% of total sales) as against ₹ 292.8 Cr (28.7% of revenue) in previous year o Amongst VAP products, bulk sales for SMP and butter was not present in Q2 FY27 as against ₹ 28.3 Cr in Q2FY26 • VAP contribution excluding bulk sale stood at ₹ 327.0 Cr (27.3% of total sales) as against ₹ 264.5 Cr (26.0% of revenue) in previous year o Curd sales volume grew by 23.0% and stood at 444.7 MTPD Page 1 Investor Release o Demand for high-margin summer products such as ice cream, flavoured milk, buttermilk and lassi moderated sequentially during Q2 FY27 due to seasonal factors impacting overall VAP demand. Milk Price Impact • Milk procurement volumes remained healthy, due to continued recovery in milk supply, while procurement prices remained elevated to secure adequate inventory for the upcoming quarters. • The increase in procurement costs was partially passed on to the consumers through a gradual price hike implemented largely towards the end of Q2FY27 • The pricing strategy is in line with the overall industry trend and resulted in a lower gross profit margins for the quarter Milk Pirce Per Litre (₹) Q2 FY27 Q2 FY26 YoY Q1 FY27 QoQ Realization price 61.9 57.3 8.0% 59.4 4.2% Procurement price 43.2 37.3 15.7% 41.0 5.3% India Dairy Business Highlights • Milk procurement prices continued to rise faster than realization prices, keeping gross margins under pressure • Festive demand shifted to Q3 in this year as against in Q2 last year, resulting in a non comparable high base of Q2FY26. • Uptick in expenses impacting Profitability o Overheads cost per litre increased due to inflation, new labour code and geopolitical issue o Packing material costs increased by 41.6% YoY for the quarter, driven by geopolitical tensions and changes in product mix. OSAM Business Highlights • OSAM recorded a healthy revenue driven by milk volumes. • VAP sales contribution remained low due to seasonal factors affecting the demand • Higher procurement prices, and inflationary cost environment continue to build pressure on the gross profit margins. Africa Business Highlights • Africa business delivered solid revenue growth of 55.9% YoY, driven by a strong 68.5% increase in milk sales, supported by strategic pricing initiatives aimed at gaining market share in Kenya. • EBITDA for the quarter stood at Rs. 18.9 Cr. Orgafeed Business Highlights • Orgafeed business recorded strong revenue growth of 39.9% YoY • EBITDA margin stood at 5.9% • Raw material price grew faster than the selling price, leading to margin compression. Page 2 Investor Release Recent Update The Board of Directors has approved the proposal to establish a Joint Venture company in India in collaboration with Meadow India Holdings Limited (MIHL), with a proposed equity participation of 40% by the Company and 60% by Meadow India Holdings Limited (MIHL), respectively. • The proposed joint venture will focus on marketing and selling high-quality dairy ingredients to the business-to-business (B2B) market in India. • The proposal is subject to the execution of the Joint Venture Agreement, completion of the necessary formalities, and receipt of applicable regulatory and statutory approvals, if any. Any further material developments shall be duly intimated to the Stock Exchanges in accordance with applicable regulatory requirements. Management Commentary Commenting on the performance, Managing Director of Dodla Dairy, Mr. Dodla Sunil Reddy said, “Dodla Dairy delivered a healthy performance in Q2 FY27, with revenue increasing by 17.4% YoY to ₹1,196.0 crore. This performance was driven by a combination of volume growth and improved realisation, supported by a price increase of ₹2.5 per litre implemented during the quarter. As the price revision came into effect in the second half of the quarter, its benefit was partially reflected in Q2 FY27. Milk availability remained healthy during the quarter, enabling us to procure adequate inventory required for the upcoming quarters. However, milk procurement costs continued to remain elevated, putting pressure on gross margins. Our pricing strategy remains in line with the overall industry trend. Value-Added Products portfolio recorded revenue of ₹327 crore, registering YoY growth of 11.7%. Demand for summer- related products was relatively softer compared to the previous quarter due to seasonality. In the near term, festive season shifted to Q3 should give a boost to our value-added products like ghee, sweets, flavoured milk etc. We have started witnessing positive momentum in the current month. Our OSAM and Orgafeed businesses also delivered healthy revenue growth, although profitability remained under pressure due to elevated raw material costs. Africa business continued its strong growth trajectory, with revenue increasing by 55.9% YoY while delivering healthy profitability. Looking ahead, the operating environment remains dynamic, with elevated raw milk prices and inflationary pressures arising from geopolitical uncertainties continuing to pose challenges. We remain focused on strengthening our procurement and distribution capabilities, driving operational efficiencies, expanding our value-added product portfolio and executing our planned expansion initiatives, which are progressing as planned. With a disciplined approach to product quality, cost management and capital allocation, we remain committed to strengthening our market position and delivering long term profitable growth.” Page 3 Investor Release About Dodla Dairy Ltd. (DODLA) Dodla Dairy Ltd (DODLA) is one of India’s leading integrated dairy companies incorporated in 1995. The company procures, processes, and [Showing first 8,000 characters — download PDF for full document]