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Packaged Foods company Dodla Dairy announced Q1FY25 results:
- Operating revenue rose by 10.7% YoY to Rs 9,116 million in Q1FY25
- VAP sales grew the most compared to Q1FY24, a 21.4% scoring a higher sales contribution
- Average milk procurement during Q1FY25 increased by 10.9% YoY to 17.6 LLPD
- Average curd sales during the quarter grew by 6.3% YoY to 467 MTPD
Dodla Sunil Reddy, Managing Director of Dodla Dairy, said: “During Q1FY25, Dodla once again delivered a healthy quarter with an all-time high revenue of Rs9,116 million registering 10.7% growth on a YoY basis. We also recorded the highest ever quarterly sales for both VAP and international business during Q1FY25. Fruits of our efforts with respect to VAP portfolio expansion are also beginning to bear, with VAP contribution to sales expanding from 32% in Q1FY24 to 35% in Q1FY25. In terms of our international business, we clocked 38% growth to achieve sales of Rs 836 million.
This revenue performance was coupled with even stronger growth on the margins front, with EBITDA growing at 74.2% and PAT growing at 85.9% on a YoY basis. During the quarter, EBITDA crossed the Rs 1,000 million mark for the first time in our history. This performance is a reflection of margin expansion at the gross level due to optimum procurement along with a better product mix.
At Dodla, we intend to expand our procurement network so that we can effectively meet the growing market demand for our products. Our wide footprint across South India allows us to increasingly focus on branding and promotional activities to promote our products, especially the new range of products that we launch from time to time.
We are committed to broadening our revenue base in the long term with international business and Orgafeed contributing a higher share of the revenue pie.”
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