Delta Corporation revenue hits US$1 billion amid heavy dollarization

Delta Corporation has reported a revenue of US$1.09 billion for the fiscal year ending March 2026, a 35 percent increase driven by volume growth and aggressive pricing strategies. The data reveals a critical shift in the Zimbabwean economy: 94 percent of domestic sales are now denominated in foreign currency, up from 80 percent in the previous period. This surge highlights the formal sector's reliance on hard currency to hedge against local volatility. While the company benefits from this dollarized environment, the trend underscores the marginalization of the local currency in consumer markets. The firm’s performance serves as a barometer for the broader economy's transition toward total dollarization.