1. Malaysia Stocks

  2. •

    Consumer non-durables

  3. •

    Food: meat/fish/dairy
Dutch Lady Milk Industries Bhd.

Dutch Lady Milk Industries Bhd.

MMYX:DLADY
28.60
MYR
+0.02
(+0.07%)
17.17P/E
Nov 25Next Earn
Dutch Lady Milk Industries Bhd.
MYX:DLADY
(Bursa Malaysia)

Recent

price

28.60

P/E

ratio

17.17

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
10.88
12.67
13.78
15.31
15.63
15.65
16.37
16.63
16.38
16.67
17.2
17.71
20.93
22.54
22.58
23.44
24
Revenue per Share
1
1.69
1.93
2.16
1.72
2.2
2.33
1.84
2.02
1.61
1.15
3.88
0.72
1.13
1.51
1.61
1.92
Basic EPS, GAAP
-0.14
-0.18
-0.15
-0.22
-0.22
-0.38
-0.27
-0.25
-0.54
-0.31
-1.46
-0.96
-1.95
-3.16
-2.07
-1.58
-1.07
Free Cash Flow per Basic Share
0.73
0.73
2.6
2.6
2.2
2.2
2.2
2.8
2
1
0.8
0.5
0.5
0.5
0.5
0.5
0.25
Dividend per Share
3.09
4.05
3.38
2.94
2.45
2.46
2.59
1.63
1.65
2.26
2.6
5.98
6.2
6.83
7.84
8.96
9.72
Book Value per Share
3.03
4.01
3.36
2.91
2.43
2.38
2.5
1.55
1.6
2.23
2.59
5.85
5.99
6.4
7.45
8.6
9.41
Tangible Book Value per Share
64
64
64
64
64
64
64
64
64
64
64
64
64
64
64
64
64
Basic Weighted Avg Shares
697
811
882
980
1,000
1,002
1,048
1,065
1,049
1,067
1,101
1,134
1,339
1,443
1,445
1,500
1,536
Sales/Revenue/Turnover
12.81
17.19
18.43
18.79
14.82
18.82
18.76
14.79
16.58
13.2
9.09
25.27
4.21
6.93
9.09
10.31
11.75
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
64
108
123
138
110
141
149
118
129
103
73
248
46
72
97
103
123
Net Income, GAAP
29.1
23.65
25.59
25.93
25.99
25.3
24.7
25.27
24.43
25.18
24.76
12.84
15.19
24.97
22.71
29.58
29.03
Effective Tax Rate (%)
9.17
13.33
13.99
14.11
10.98
14.07
14.23
11.06
12.35
9.65
6.67
21.87
3.45
5.02
6.69
6.88
8.01
Profit Margin (%)
128
189
147
115
79
68
71
5
-13
22
-36
176
50
-102
-81
-56
16
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
7
2
4
72
- -
3
LT Debt
197
259
216
188
157
157
165
104
105
144
167
383
397
437
502
573
622
Total Equity
33.36
46.5
49.76
64.5
61.47
86.11
86
83.32
112.24
71.34
41.16
82.1
11.71
17.6
19.71
17.45
19.89
Return on Invested Capital (%)
33.85
47.65
52.81
69.64
65.19
91.44
93.84
89.02
117.56
74.78
43.05
85.43
12.3
17.76
19.86
17.58
19.97
Return on Capital (%)
33.85
47.34
51.92
68.43
63.67
89.72
92.39
87.36
123.6
82.41
47.18
90.32
11.87
17.36
20.58
19.21
21.27
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
92
2
31
LT Borrowings
- -
48
- -
LT Finance Leases
- -
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
64
64
64
Market Capitalization
1,984
2,029
2,112

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
429
380
410
Cash, Cash Equivalents & STI
93
47
59
Accounts Receivable, Net
109
137
142
Inventories
219
187
201
Total Current Liabilities
485
348
394
Payables & Accruals
- -
- -
- -
ST Debt
92
2
31
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.44%
34.51%
14.2%
Free Cash Flow
47.16%
14.5%
-23.43%
Net Income, GAAP
19.9%
50.71%
6.87%
Sales/Revenue/Turnover
4.25%
6.57%
3.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
363
361
355
366
1,445
2025
373
376
375
377
1,500
2026
398
387
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.42
0.34
0.27
0.48
1.51
2025
0.39
0.37
0.5
0.36
1.61
2026
0.47
0.6
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.25
0.5
2025
- -
- -
- -
0.25
0.5
2026
- -
- -
- -
- -
- -
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Business
Dutch Lady Milk Industries Berhad is a Malaysia-based dairy company engaged in the manufacturing and distribution of a wide range of dairy products. Founded in 1963 and headquartered in Petaling Jaya, Malaysia, the company operates under key brands including Dutch Lady, Dutch Baby, Frisolac, Friso Gold, and Dutch Lady PureFarm. Its product portfolio encompasses UHT milk, formulated milk powder, cream milk, flavored milk variants such as chocolate, strawberry, banana, coffee, and kurma; drinking yoghurts; specialized infant and growing-up milk powders; and protein products. Dutch Lady serves markets primarily in Malaysia, along with operations in Singapore, Hong Kong, Brunei, Philippines, Japan, and Vietnam. As a subsidiary of FrieslandCampina DLMI Malaysia Holding B.V., Dutch Lady benefits from the global expertise of FrieslandCampina, one of the world's largest dairy cooperatives. Recent major company developments include the completion of a new Industry 4.0-enabled manufacturing facility and a cutting-edge distribution center at Bandar Enstek, enhancing production efficiency and supply chain capabilities. The company has reported record net profits and significant profit growth in 2025, driven by strong sales and market share gains. Dutch Lady continues to expand its product offerings with a focus on nutritious, sustainable, and Halal-certified dairy products that support all life stages, from toddlers to the elderly, and maintains a strong commitment to sustainability and food safety standards. Dutch Lady actively participates in community initiatives such as the School Milk Programme to promote child nutrition in Malaysia. The company maintains a strategic focus on innovation, quality assurance, and expanding reach in the ASEAN region and selected Asian markets, emphasizing nutritional support and healthy lifestyle products. Its product range includes fresh milk, pasteurized and sterilized milk, family powdered milk, low-fat and zero-fat yoghurts, and milk-based beverages designed to meet diverse consumer nutritional needs across various demographic segments. The company has upheld a leadership position in the dairy market in Malaysia with a strong portfolio and operational improvements in recent years.