Dodla Dairy Q3 Results Review - Ebitda Margin Highest In Past 12 Quarters: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Key observations from Dodla Dairy Ltd.'s Q3 FY24 results: Highest-ever milk procurement of 1.75 mnpd on favorable flush season. The gross margin has expanded with correction in milk procurement prices. Margin recovery is likely to continue in Q4 FY24 and H1 FY25.Dodla has prudently used the ongoing deflationary trend in commodity prices for brand building. The capacity addition is likely to act as the key growth trigger in FY25-FY26. Aggressive investments in capex will help expand geographical reach. We maintain our positive stance on Dodla due to its strong competitive advantages and free cash flow generation. We believe favorable commodity prices, capacity and geographical expansion and strong growth momentum in value added product sales shall together likely be key growth triggers for FY25-FY26. Maintain 'Add'. We cut FY24E/FY25E earnings by 5.6%/1.7% to factor in Q3 FY24 results. We have revised our discounted cash flow-based target price to Rs 920 (earlier: Rs 740; implied price/earning 21 times FY26E)..Click on the attachment to read the full report:.Asahi India Glass Q3 Results Review - Profitability Remains Subdued Across Segments: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Dodla Dairy Q3 Results Review - Ebitda Margin Highest In Past 12 Quarters: ICICI Securities

Capacity expansion to drive revenue growth in FY25-26

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Dodla Dairy Q3 Results Review - Ebitda Margin Highest In Past 12 Quarters: ICICI Securities

Capacity expansion to drive revenue growth in FY25-26

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