
Business Update18 May 2024, 09:57 pm
Dodla Dairy Surpasses ₹30,000 Crore Revenue Mark, Growth of 11.1% YoY in FY24
AI Summary
Dodla Dairy Ltd., one of India's leading integrated dairy companies, announced its financial results for the quarter and year ended March 31st, 2024. The company reported revenues of ₹31,255 crore for the fiscal year, up by 11.1% year-over-year (YoY). Dodla Dairy's Value-Added Product sales increased by 16.3% YoY to ₹8,619 crore. The EBITDA margin expanded by 244 bps YoY to 9.2%. The MD, Mr. Dodla Sunil Reddy, attributed the growth to higher procurement, wider distribution, and a focus on Value Added Products (VAP), which accounted for 28.3% of the total revenues in FY24.
Key Highlights
- Revenues surpassed ₹30,000 crore mark, reaching ₹31,255 crore in FY24
- EBITDA margin expanded by 244 bps YoY to 9.2% in FY24
- Value-Added Product sales grew by 16.3% YoY to ₹8,619 crore
- VAP accounted for 28.3% of the total revenues in FY24