Dairibord Holding reports 4% sales volume in Q3 2025

ZIMBABWE – Dairibord Holding has reported that total sales volume for the quarter increased by 4% compared to the same period in 2024, supported by growth in Beverages (11%) and Foods (23%), however, offset by a 15% decline in Liquid Milks in Q3 2025.

According to the company, the operating environment during the third quarter of 2025 remained relatively stable, consistent with trends observed in the first half of the year.

Global supply chains continued to face disruptions stemming from ongoing geopolitical tensions, affecting the availability and cost of imported materials.

The Group maintained a strong focus on operational resilience and efficiency, while adapting to a market landscape increasingly influenced by the growth of the informal sector and subdued performance in the formal retail segment.

The Group procured 10.8 million litres of raw milk during the quarter, representing 36.7% of national production.

Cumulative intake for the nine months to 30 September 2025 amounted to 31.1 million litres, a marginal 0.8% decrease year-on-year, equating to 35% of national output.

For the nine-month period, cumulative volume was 13% ahead of the prior year, driven by growth in Beverages (22%) and Foods (20%), while Liquid Milks declined by 5%. Category contributions to total sales volume were Beverages 64%, Liquid Milks 26% and Foods 10%.

Cumulative revenue for the nine months increased by 7% to US$111.8 million, primarily driven by volume growth.

OUTLOOK

The Group remains committed to driving sustainable growth and long‑term value creation.

This will be achieved through capital projects that expand production capacity and enhance product availability.

At the same time, the Group continues to optimize operating costs to strengthen cash generation.

Ongoing investment in research and development will fuel innovation, broaden the product portfolio, and sharpen market competitiveness.

The Board remains confident that the Group’s strategy and operational focus will sustain growth momentum and position Dairibord for improved performance in the medium to long term.

The news comes after the company reported 18% growth in overall sales volume driven by the resilience of the Zimbabwe Gold (ZWG) against the United States Dollar in H1 2025.

This stability was further supported by improved foreign currency availability, particularly through the Reserve Bank of Zimbabwe’s Willing Buyer, Willing Seller market, which facilitated the importation of critical raw materials.

National raw milk production increased by 3.9% year-on-year, rising from 55.1 million litres to 57.3 million litres (Ministry of Lands, Agriculture, Water and Rural Development, Dairy Services Unit).

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