Dodla Dairy

Dodla Dairy Ltd on Thursday reported a 54 per cent increase in its consolidated net profit at Rs 63.56 crore for the quarter ended December on higher income. Its net profit stood at Rs 41.33 crore in the year-ago period. Total income rose to Rs 912.2 crore in the third quarter of this fiscal from Rs 752.5 crore in the corresponding period of the preceding year, according to a regulatory filing. "The board has approved Rs 280 crores capex for setting up new plant & machinery and necessary infrastructure at Maharashtra, which includes previous approval Rs 15 crore for land acquisition. The funding shall be through internal accruals/debt," the Hyderabad-based firm said in the filing. "During the quarter, we reported a healthy 21 per cent revenue growth on a Y-o-Y basis while maintaining our margins, thanks to the healthy festive demand coming in just as we anticipated. Based on our strong relations with the farmers, procurement remained stable at 17.1 lakh litre per day," said Dodla .

A decisive move above 24,537 is likely to open the next upside target of 24,900 in the near term. The immediate support is placed at 24,300, as per the concept of change in polarity

The uptick in stock price came after the company announced a strong set of June quarter of financial year 2025 (Q1FY25) results.

Analysts believe the momentum in dairy stocks such as Dodla Dairy, Heritage Foods, Hatsun Agro is here to stay

The industry is likely to benefit from the much-anticipated flush season during October-November 2023

Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins

Analysts are wary of companies majorly focused in the low-margin milk segment as they believe firms with a strong market share in value-added products (VAPs) are more likely to sustain in the industry

The stock jumped 19.23 per cent to Rs 548 on the BSE

he acquisition will be completed around two months from the date of agreement

Dodla Dairy Ltd on Saturday said it has acquired Karnataka-based Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business. In a regulatory filing, Dodla Dairy informed that the company has executed an agreement with Sri Krishna Milks Pvt Ltd for the acquisition of business as a "going concern" and on a slump purchase basis for consideration of Rs 50 crore. The deal is expected to be concluded in around two months from the date of the acquisition. The consideration would be in the form of cash. Krishna Milks Pvt Ltd (SKMPL), incorporated in 1989, was the first private sector dairy company in Karnataka. SKMPL is mainly into procuring milk, manufacturing, and selling dairy products. Its turnover in 2020-21 was Rs 67.27 crore.

Shares of Future Group related companies may see some action as the company has called for shareholders and creditors meeting to get nod for the proposed Rs 24,713 crore deal with Reliance Retail.

Stock market LIVE: The Bank Nifty ended 2 per cent higher at fresh record highs, while the broader indices - both BSE Mdicap and Smallcap declined around 1.7 per cent each

The company's milk procurement is centred in five states and products are available for purchase in 12 states and has 103 milk chilling centres/plants.

While the Dodla IPO was subscribed 45x, that of Krishna Institute was subscribed 3.8x

For those who didn't get the IPO allotment, analysts say the business model, industry outlook, management acumen and valuations of these companies should be kept in mind before investing