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Dodla Dairy Ltd share Price Today

Company details

1,022.60
1,057.45
552.10
1,084.10
6M Return 24.16%
1Y Return 83.29%
Mkt Cap.(Cr) 6,132.24
Volume 70,536
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 70,536

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Packaged Foods company Dodla Dairy announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Operating Revenues at Rs 7,874 million in Q4FY24 as compared to Rs 7,243 million in Q4FY23 – registering growth of 8.7% YoY. The Company’s Domestic business grew by 9.4% YoY to Rs 7,281 million whereas, the International business revenues stood at Rs 594 million in Q4FY24
  • EBITDA grew by 123.7% YoY to Rs 754 million in Q4FY24. EBITDA margin expanded by 492 bps YoY to 9.6%
  • Profit After Tax grew by 107.9% YoY at Rs 468 million in Q4FY24. PAT margin stood at 5.9% in Q4FY24
  • EPS for Q4FY24 stood at Rs 7.79 as compared to Rs 3.76 in Q4FY23

Q4FY24 Operational Highlights:

  • Average milk procurement during Q4FY24 was at 16.7 LLPD as compared to 13.5 LLPD in Q4FY23, registering 24.0% YoY growth
  • Average milk sales during Q4FY24 was at 10.8 LLPD
  • Curd sales during Q4FY24 was at 360.0 MTPD as compared to 317.6 MTPD in Q4FY23, increasing by 13.4% YoY
  • Revenue from Value Added Products (VAP) including fat & fat-based products grew by 19.3% YoY to Rs 2,217 million in Q4FY24 vis-à-vis Rs 1,858 million in Q4FY23. VAP including fat & fat-based products contribution stood at 29.0% of the overall dairy revenue during Q4FY24 as compared to 26.1% contribution of the overall dairy revenue during Q4FY23

FY24 Financial Highlights:

  • Operating Revenues at Rs 31,225 million in FY24 as compared to Rs 28,120 million in FY23 – registering growth of 11.1% YoY. The Company’s Domestic business grew by 12.5% YoY to Rs 29,073 million whereas, the International business revenues stood at Rs 2,181 million in FY24
  • EBITDA grew by 51.0% YoY to Rs 2,888 million in FY24. EBITDA margin expanded by 244 bps YoY to 9.2%
  • Profit After Tax grew by 36.4% YoY at Rs 1,667 million in FY24. PAT margin stood at 5.3% in FY24
  • EPS for FY24 stood at Rs 27.75 as compared to Rs 20.39 in FY23

FY24 Operational Highlights:

  • Average milk procurement during FY24 was at 16.8 LLPD as compared to 13.8 LLPD in FY23, registering 21.2% YoY growth
  • Average milk sales during FY24 was at 10.9 LLPD as compared to 10.7 LLPD in FY23, registering 1.6% YoY growth
  • Curd sales during FY24 was at 349.9 MTPD as compared to 323.8 MTPD in FY23, increasing by 8.1% YoY
  • Revenue from Value Added Products (VAP) including fat & fat-based products grew by 16.3% YoY to Rs 8,619 million in FY24 vis-à-vis Rs 7,408 million in FY23. VAP including fat & fat-based products contribution stood at 28.3% of the overall dairy revenue during FY24 as compared to 26.8% contribution of the overall dairy revenue during FY23

Commenting on the performance, Managing Director of Dodla Dairy, Dodla Sunil Reddy said, “I am happy to share with you that Dodla Dairy’s revenues surpassed the milestone of Rs 30,000 million in FY24 reflecting the management’s continuous effort towards higher procurement, widening distribution and curated focus towards Value Added Products (VAP). The Company’s EBITDA margin expanded by 244 bps YoY to 9.2% in FY24 benefitting from the flush season coupled with higher VAP sales. We continue to expand our procurement network by increasing our chilling centres and creating small collection centres near villages. This has resulted our procurement to grow by 21.2% YoY to 16.8 Lakh Liter Per Day (LLPD) in FY24. The Company’s VAP and Fat & Fat products revenue pie expanded by 143 bps YoY to 28.3% of the total revenues in FY24. Dodla Dairy’s VAP sales grew by 16.3% YoY to Rs 7,408 million in FY24 as result of higher penetration due to several brand connecting activities amongst consumers, robust distribution network and strong brand recall value.”

He also added, “During Q4FY24, the Company has commenced the commercial production of its new dairy plant of 1,00,000 liters per day at Kenya. The aforesaid capacity is expected to add incremental revenues towards our Africa segment revenues in the coming years. Additionally, Orgafeed’s (cattle feed business) capacity has been exponentially enhanced by 5 times to 480 Metric Tonnes per Day (MTPD) during FY24. It strengthens the ties with our dairy farmersresulting higher productivity and profitability. The management strives to work towards different growth levers present in the Company’s existing integrated business model and create value for its esteemed stakeholders.”

Result PDF

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Dodla Dairy Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (1)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,051.3
R2 1,071.8
R3 1,086.1
Pivot

1,036.93

S1 1,016.4
S2 1,002.1
S3 981.6
EMA SMA
983.5
949.9
919.8
854.4
949.5
944.6
937.3
853.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-07-24 847.01 298744 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-07-24 847.64 298744 NSE
BHARAT BIO TECH INTERNAT IONAL LTD Bulk Purchase 2022-09-21 525 2026434 NSE
Name Category Shares
DODLA SUNIL REDDY PROMOTER 12.87%
DODLA DEEPA REDDY PROMOTER 11.37%
SESHA REDDY DODLA PROMOTER 0.94%
SUREKHAREDDY BOMNIREDDY PROMOTER 0.94%
DODLA FAMILY TRUST PROMOTER 24.41%
MYLKTREE CONSULTANTS LLP PROMOTER 11.68%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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P BV

Dodla Dairy Ltd Stocks COMPARISON

Financials( in Cr) Dodla Dairy Ltd Hindustan Unilever Ltd Nestle India Ltd Varun Beverages Ltd Godrej Consumer Products Ltd
Price 1,030.75 2,482.20 2,539.75 1,613.75 1,361.05
% Change -1.58 1.03 0.54 -0.57 -2.21
Mcap Cr 6,132.24 583,215.48 244,871.77 209,691.32 139,210.92
Revenue TTM Cr 3,125.47 61,896.00 25,171.92 16,042.58 13,315.97
Net Profit TTM Cr 166.74 10,282.00 3,932.84 2,101.81 1,702.46
PE TTM 38.00 56.21 76.36 97.44 74.23
1 Year Return 83.29 -7.49 11.42 101.38 27.59
ROCE 22.29 25.00 69.17 27.83 16.35
ROE 15.80 20.26 108.49 34.92 13.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,138.87 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,174.76 13,274.51
LAST 3M 100,774.38 -18,853.99
LAST 6M 177,467.27 -3,043.74
LAST 12M 289,801.20 99,689.80
Dodla Dairy Limited - Copy of Newspaper Publication

Jun 19, 2024 l NSE Announcement

Dodla Dairy Limited - Corrigendum

Jun 18, 2024 l NSE Announcement

Dodla Dairy Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 14, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Dodla Dairy Ltd Information

Stock PE (TTM)
38
Promoter Holding
62.21%
Book Value
191.4299
ROCE
22.29%
ROE
15.8%
Description
  • Dodla Dairy Limited was incorporated on 15 May 1995. The Company is in the business of processing/ production of milk and production of milk products. The company offers wide range of Milk Products Comprising of Fresh Milk, Butter, Ghee, Paneer, Curd, Flavoured Milk, Doodh Peda, Ice Cream and Skimmed Milk Powder and other dairy products. During the year 2016-17, the investor of the Company i.e., Black River Capital Partners Food Fund Holdings (Singapore) Pte Ltd, has transferred its entire 23.66% equity stake in the Company to TPG Dodla Dairy Holdings Pte. Ltd ("the Investor"); and Dodla Sunil Reddy and Dodla Deepa Reddy, promoters of the Company transferred part of their equity stake in the Company, which stake represents a total of 3.34% of the share capital of the Company, to the Investor. On 24 May 2017, a Step-down subsidiary of the Company has been incorporated under the name and style: "DODLA DAIRY KENYA LIMITED" in Kenya. The Board of Directors at its meeting held on 13 July 2018, recommended issue of Bonus Shares, subject to approval of Members, in the ratio of sixteen new Equity Share of the Company of Rs 10 each as fully paid-up for each existing one Equity Share of the Company (16:1 Ratio). Accordingly,the company has allotted 52397168 equity shares of Rs 10 each fully paid up as Bonus Shares on 17 July 2018 in the ratio of 16:1. As on 31 March 2019,the company has a total installed capacity of 1948500 LPD across 14 plants. As on 31 March 2020,the company has a total installed capacity of 2063200 LPD across 14 plants. As on 31 March 2020,the company has 1 domestic and 3 overseas subsidiaries,namely Orgafeed Pvt Ltd,India, Dodla Holding Pte Ltd, Singapore, Dodla Dairy Kenya Limited,Kenya and Lakeside Dairy Ltd, Uganda. During the first quarter of FY2022, the Company has completed Initial Public Offering of upto 12,153,668 Equity Shares of face value of Rs 10 each of Dodla Dairy Limited for cash at a price of Rs 428 per equity share (including a share premium of Rs 418 per equity share) aggregating upto Rs 5,201.77 Million. The equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) w.e.f 28 June 2021.

Registered Address

8-2-293/82/A/270-Q Rd No 10-C, Jubilee Hills, Hyderabad, Telangana, 500033

Tel : 91-40-4546-7777
Email : mail:dodladairy.com
Website : http://www.dodladairy.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543306
NSE Code : DODLA
Book Closure Date (Month) : Jun/Jul
BSE Group : B
ISIN : INE021O01019

FAQ’s on Dodla Dairy Ltd Shares

You can buy Dodla Dairy Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Dodla Dairy Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 20, 2024 04:03 PM the closing price of Dodla Dairy Ltd was Rs.1,030.75.

The latest PE ratio of Dodla Dairy Ltd as of Jun 20, 2024 04:03 PM is 38.00

The latest PB ratio of Dodla Dairy Ltd as of Jun 20, 2024 04:03 PM is 0.18

The 52-week high of Dodla Dairy Ltd share price is Rs. 1,084.10 while the 52-week low is Rs. 552.10

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 20, 2024 04:03 PM, the market cap of Dodla Dairy Ltd stood at Rs. 6,132.24.

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