The Zimbabwe Stock Exchange (ZSE)-listed milk processor, Dairibord Holdings chalked an impressive performance for the third quarter, ended 30 September 2025.
In a third quarter update, issued last week, by the company secretary, Maurice Karimupfumbi the entity acknowledged a stable operating environment during the period under review.
“The operating environment during the third quarter of 2025 remained relatively stable, consistent with trends observed in the first half of the year. Currency stability was largely maintained through tight monetary policy measures, though overall market liquidity remained constrained,” Karimupfumbi said.
The company’s exceptional performance was achieved in spite of challenges such as global supply chains which continued to face disruptions arising from ongoing geopolitical tensions. These affected the availability and cost of imported materials such as packaging.
Turning to the company’s performance, Karimupfumbi highlighted that the group procured 10.8 million litres of raw milk during the quarter, which represented 36.7 percent of national production. He further revealed that cumulative intake for the nine months to 30 September 2025 was 31.1 million litres, a marginal 0.8 percent decrease year-on-year, equating to 35 percent of national output.
The period under review was characterised by a higher demand for beverages compared to liquid milks, whose sales dipped.
“Total sales volume for the quarter increased by 4 percent compared to the same period in 2024, supported by growth in beverages (11 percent) and foods (23 percent), however offset by a 15 percent decline in liquid milks.
For the nine-month period, cumulative volume was 13 percent ahead of the prior year, driven by growth in beverages (22 percent) and foods (20 percent), while liquid milks declined by 5 percent. Category contributions to total sales volume were beverages 64 percent, liquid milks 26 percent and 10 percent,” Karimupfumbi said in the statement.
The company’s cumulative revenue for the nine months increased by 7 percent to US$111.8 million, which was driven mainly by volume growth.
Dairibord was founded in 1952 as the Dairy Marketing Board (DMB), a parastatal, and commercialised in 1994, before being privatised and listed on the ZSE in 1997. It processes milk and manufactures products across brand categories such as peanut butter, tea leaves, tomato sauce, ice-cream and milk-based beverages among others.
