Dodla Dairy | Dodla Dairy Q1 Results: Stock jumps 16% after profit nearly doubles, margin expands by 400 bps

Shares of Dodla Dairy, post today's move, have risen 30% already in the month of July.

Published by: Damián Morais
Mangalam Maloo

Shares of Dodla Dairy Ltd. surged as much as 16% on Monday after the company announced its June quarter results in which its net profit nearly doubled when compared to the year-ago quarter.

Net profit for Dodla Dairy increased by 86% from last year to ₹65 crore, while revenue increased by nearly 11% to ₹911.6 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 74.1% from last year to ₹105 crore, while EBITDA margin expanded by over 400 basis points to 11.5% from 7.3% lsat year.

Dodla Dairy’s gross margin has seen a significant expansion from the previous year’s quarter.

Gross margin, a portion of the company’s revenue left over after direct costs are subtracted, increased by 530 basis points for Dodla Dairy compared to the same period last year. This is also higher than the 370 basis points expansion seen by its peer Hatsun Agro Ltd.

Dodla Dairy is targeting a capacity of 20 lakh litres per day going forward and is also targeting to increase the share of value added products as a percentage of revenue to 28%.

The company is looking to acquire land and begin operations in the state of Maharashtra and is also targeting the Animal Feed business to be worth ₹100 crore to ₹120 crore in the current financial year.

Shares of Dodla Dairy are trading 12.1% higher post the earnings announcement at ₹1,304. The stock made a record high of ₹1,346 in today’s session. Over the last 12 months, the shares have appreciated by 55% in value.

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