Dodla Dairy Q1 net dips to ₹62.8 crore 

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Dodla Dairy’s consolidated net profit declined marginally for the quarter ended June at ₹62.8 crore compared to the ₹65 crore a year earlier.

The lower net profit came on more than 10% increase in the revenue from operations to nearly ₹1,007 crore (₹911.59 crore). It was the highest-ever revenue registered by the company and coincided with its highest-ever procurement of 18.7 LLPD.

Managing Director Dodla Sunil Reddy said several factors influenced the performance. “Our Indian operations were impacted due to a shorter summer, resulting in lower sales from summer related VAP products like curd, lassi and ice cream. On the African side, while the business increased in revenue terms, our margins fell due to the focus on capturing higher market share in Kenya with the operations of the new plant in that region,” he said.

The impact of these factors became even more pronounced as the performance in the corresponding quarter last year was very strong in both markets across the product portfolio, he said.

On Monday, the company’s shares declined 7.57% to close at ₹1,337.35 each on the BSE.



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