Q2FY23 Quarterly Result Announced for Dodla Dairy Ltd.
FMCG company Dodla Dairy announced Q2FY23 results: Operating Revenues at Rs 6,953 million in Q2FY23 as compared to Rs 5,664 million in Q2FY22 – registering growth of 22.8% YoY. The Company’s Domestic business surged by 20.1% YoY to Rs 6,435 million whereas, the international business grew exponentially by 70.1% YoY to Rs 519 million EBITDA was at Rs 589 million in Q2FY23 as compared to Rs 614 million in Q2FY22 Profit After Tax was at Rs 394 million in Q2FY23 vis-à-vis Rs 294 million in Q2FY22 – registering a strong growth of 34.2% YoY owing to decline in finance cost, rise in other income coupled with decline in the effective tax rates EPS for Q2 FY23 stood at Rs 6.58 as compared to Rs 4.90 in Q2 FY22 Commenting on the performance, Managing Director of Dodla Dairy, Mr. Dodla Sunil Reddy said, “Dodla Dairy’s operating revenue grew by 22.8% YoY to INR 6,953 Mn supported by gradual rise in the selling prices coupled with strong demand of milk and value-added products during the festive season. The Company successfully navigated multiple sectoral headwinds including Lumpy Skin Diseases (LSD) outbreak amongst cattle impacting the milk procurement, rise in material & packaging cost and inflationary economic trend.” He also added, “Dodla Dairy remains committed to strengthen it procurement network in its existing states, continue to scout for organic and inorganic growth opportunities without compromising its existing Balance Sheet strength and create long-term value for the esteemed stakeholders.” Result PDF25-10-2022