Dodla Dairy Ltd. News and Updates

Name: Latest research reports of Dodla Dairy Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Dodla Dairy Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Dodla Dairy Ltd. from all sources in a single place.

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Dodla Dairy Ltd.

23 Mar 2023

1156.90

2.19%

Model recovery in margins in H2FY24; Milk procurement prices near peak levels

Buy: Dodla Dairy Ltd.

ICICI Securities Limited

We believe milk procurement prices are closer to the peak levels and may correct post commencement of flush season in H2CY23. We model the EBITDA margins of Dodla Dairy to decline 50-100bps YoY in H1CY23. However, we model strong recovery in margins in H2FY24 led by (1) price hikes and (2) likely correction in milk procurement prices.

Dodla Dairy Ltd. is trading below its 150 day SMA of 1172.4

Dodla Dairy Ltd.

24 Jan 2023

1156.90

2.19%

Dodla Dairy Results Earnings Call for Q3FY23

Conference Call with Dodla Dairy Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

Dodla Dairy Ltd.

23 Jan 2023

1156.90

2.19%

to see Rapid results content

Dodla Dairy Ltd.

23 Jan 2023

1156.90

2.19%

Likely market share gains; Expect margin recovery in FY24

Buy: Dodla Dairy Ltd.

ICICI Securities Limited

In-spite of multiple macro headwinds such as higher milk procurement prices, higher SMP prices and muted flush season, Dodla reported sturdy performance in Q2FY23. Considering the peer group performance, we believe Dodla has likely gained market shares in Q3FY23.

Number of FII/FPI investors increased from 86 to 103 in Dec 2024 qtr.

Dodla Dairy Ltd.

28 Oct 2022, 11:46AM

1156.90

2.19%

Results Earnings Call for Q2FY23 of Dodla Dairy

Conference Call with Dodla Dairy Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

Dodla Dairy Ltd.

25 Oct 2022

1156.90

2.19%

to see Rapid results content

Dodla Dairy Ltd.

25 Oct 2022

1156.90

2.19%

Highest revenue growth among peers; likely market share gains

Buy: Dodla Dairy Ltd.

Target

ICICI Securities Limited

Dodla’s revenues increased 22.8% YoY compared to Hatsun (6.9%) and Heritage (21.8%) led by strong 11.7% growth in milk procurement and 19.7% higher revenues from VAP.

Dodla Dairy Ltd. is trading below its 150 day SMA of 1172.4

Dodla Dairy Ltd.

03 Aug 2022

1156.90

2.19%

to see Rapid results content

Dodla Dairy Ltd.

17 May 2022

1156.90

2.19%

to see Rapid results content

Dodla Dairy Ltd.

21 Mar 2022

1156.90

2.19%

Acquisition of Sri Krishna Milks to strengthen footprint in Karnataka and South Maharashtra

Buy: Dodla Dairy Ltd.

Target

ICICI Securities Limited

We believe acquisition of Sri Krishna Milks to be value accretive in medium term as (1) Sri Krishna operates in key region of Dodla i.e. South India and same products where Dodla has strong understanding i.e. milk and curd, (2) While Sri Krishna was loss making, it has Gross margin of ~22% over FY18-21 which indicates strong consumer acceptance of the brand and (3) post acquisition Dodla will be able to consolidate its position in North Karnataka, South Maharashtra and Goa.

Number of FII/FPI investors increased from 86 to 103 in Dec 2024 qtr.

No results found

VOTE: Is Dodla Dairy Ltd. worth buying?

28 Votes:

Buy 71.43%

Sell 21.43%

Hold 7.14%

45.67% Gain from 52W Low

Dodla Dairy Ltd. News and Updates

Keep track of all breaking news on Dodla Dairy Ltd. from all sources in a single place.