Q3FY23 Quarterly Result Announced for Dodla Dairy Ltd.
Dodla Dairy announced Q3FY23 results: Q3FY23: Operating revenues at Rs 6,754 million in Q3FY23 as compared to Rs 5,752 million in Q3FY22 – registering growth of 17.4% YoY. The company’s domestic business grew by 16.2% YoY to Rs 6,184 million whereas, the international business surged by 32.7% YoY to Rs 570 million EBITDA was at Rs 536 million in Q3FY23 as compared to Rs 520 million in Q3FY22 Profit after tax was at Rs 354 million in Q3FY23 vs Rs 269 million in Q3FY22 – registering a strong growth of 31.7% YoY owing to decline in finance cost, rise in other income coupled with decline in the effective tax rates EPS for Q3FY23 stood at Rs 5.90 as compared to Rs 4.48 in Q3FY22. Commenting on the performance, Managing Director of Dodla Dairy, Mr. Dodla Sunil Reddy said, “Dodla Dairy continued to march towards the journey of operational excellence overcoming the sectoral headwinds. As a result, the operating revenue surged by 17.4% YoY to INR 6,754 million in Q3FY23. Thanks to the strong brand recall amongst the consumers, Dodla’s Value Added Products (VAP) sales contributed 23.1% to the top line in Q3FY23. The Company undertook a price hike to partially mitigate the increase in the cost of milk production owing to the rise in fodder prices. Additionally, the extended monsoon in the southern states impacted the flush season for FY23.” He also added, “It gives me immense pleasure to share that Dodla Dairy bagged the ‘CII award for food safety 2022’ award from CII’s Food and Agriculture Centre of Excellence (FACE). Dodla Dairy is geared towards creating value for the esteemed stakeholders with its diversified product portfolio, excellence-driven corporate culture coupled with strong Balance Sheet position.” Result PDF23-01-2023