Dodla Dairy Limited, a prominent player in the dairy industry, held its Board of Directors meeting on 30th January 2025, where several crucial decisions were made concerning the company's financial results and future investments. This includes approving the unaudited standalone and consolidated financial results for the quarter and nine months ending 31st December 2024, as well as giving the go-ahead for an ambitious Rs. 280 crores capital expenditure (capex) for setting up a new plant and upgrading existing infrastructure in Maharashtra.

Financial Performance – Q3 FY 2024-25:

The board approved the unaudited financial results for Dodla Dairy's standalone and consolidated operations. For the quarter ending 31st December 2024, the company reported significant figures:

• Total Income: ₹831.17 million (up from ₹706.78 million in Q3 FY 2023-24).
• Profit before Tax (PBT): ₹95.65 million, showing strong growth.
• Net Profit: ₹66.11 million for the quarter.
• Earnings Per Share (EPS) for Q3 were ₹2.94 (basic).

For the nine months ending 31st December 2024, the standalone total income was ₹2.53 billion, with a net profit of ₹190.28 million. These results demonstrate robust financial health for the company, as it continues to expand its market presence.

Strategic Expansion: Rs. 280 Crores Capex for Maharashtra Plant:

The Board of Directors also approved a significant investment plan aimed at enhancing the company’s production capacity. A capex of ₹280 crores will be allocated to set up new plant and machinery in Maharashtra, which includes a previous approval of ₹15 crores for land acquisition. This move is expected to strengthen the company's manufacturing capabilities and improve supply chain efficiencies. The funding for this project will be sourced through a combination of internal accruals and debt.

This expansion aligns with Dodla Dairy’s strategy of diversifying its operations and increasing its footprint in the dairy sector, particularly in the fast-growing Maharashtra market.

Limited Review Report:

The company’s financial results have been subject to a limited review by its statutory auditors, S.R. Batliboi & Associates LLP, and their findings confirmed that there are no significant issues regarding the reported figures. The full details of the financial results can be accessed on the company’s website.

Future Outlook and Expansion:

Dodla Dairy is positioning itself for continued growth, driven by both strong financial performance and strategic investments. The approval of the Maharashtra plant is a clear indication of the company’s focus on scaling its operations and increasing capacity to meet growing demand.

The company remains committed to maintaining a robust balance sheet, with continued investment in infrastructure and technology, ensuring long-term sustainable growth in an increasingly competitive dairy market.