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Packaged Foods company Dodla Dairy announced Q2FY25 & H1FY25 results
Q2FY25 Financial Highlights:
- The company’s consolidated operating revenues grew by 29.9% on a YoY basis to Rs 9,976 million. The domestic business grew by 26.2% YoY to Rs 9,032 million whereas, the international business saw a robust 81.1% YoY growth and registered revenues of Rs 944 million in Q2FY25.
- Gross margins remained in similar range as previous quarter at 25.5% in Q2FY25.
- EBITDA increased by 37.0% YoY to Rs 963 million. EBITDA margin stood at 9.6% in Q2FY25.
- Profit After Tax grew by 45.3% YoY to Rs 634 million in Q2FY25. PAT margin stood at 6.4% vs 5.7% in Q2FY24.
- EPS for Q2FY25 stood at Rs 10.5 as compared to Rs 7.3 in Q2FY24.
H1FY25 Financial Highlights:
- The company’s consolidated Operating Revenues grew by 20.0% to Rs 19,092 million on a YoY basis.
- Gross margins stood at 27.2% in H1FY25.
- EBITDA increased by 54.2% YoY to Rs 2,014 million, EBITDA margin was at 10.5% in H1FY25 as compared to 8.2% in H1FY24.
- Profit After Tax grew by 63.4% YoY to Rs 1,284 million in H1FY25, PAT margin stood at 6.7% vs 4.9% in H1FY24.
- EPS for H1FY25 stood at Rs 21.5 as compared to Rs 13.2 in H1FY24.
- Cash and Bank balance stood at Rs 1,539 million.
Dodla Sunil Reddy, Managing Director of Dodla Dairy, said: “I am pleased to share that for the second time in a row, our company has reported its highest ever quarterly revenue with a 29.9% growth on a yoy basis for Q2FY25. Additionally, in the quarter, our VAP sales rose by 93.5% to Rs 3,779 million, primarily due to the higher sale of Butter and Skimmed milk Powder. With the continuation of flush season, the quarter also remained strong for us in terms of milk procurement, which stood at 17.2 LLPD.
I would like to update you that the company has declared an interim dividend of Rs 3.00 per equity share; this is our first ever dividend since listing.
Strategically, Dodla is committed to working alongside its farmers to create an efficient manufacturing process and supply chain network. In line with this strategy, the company has acquired a land parcel of 35 acres in Maharashtra for its expansion plans. This will eventually help us in improving operational efficiency and expanding the product basket.
Our balance sheet position continues to remain strong, providing optionality and flexibility for the potential investments in the future towards organic as well as inorganic growth.”
FAQ’s on Dodla Dairy Ltd Shares
