Rs 3/Sh Dividend Recommended: Dairy Stock Posts 45.3% Jump In Q2 PAT, Check Eligibility

Dodla Dairy Ltd shares today witnessed decline of 2.84% despite declaring an interim dividend of Rs 3/share and highest every quarterly operating revenue for Q2 FY25. Current market price of Dodla Dairy Ltd shares on BSE is Rs 1234.85 per share. Dodla Dairy shares plummeted over 5% in last 1-week and gained over 85% in last 1-year. Dodla Dairy's consolidated operating revenues for Q2 FY25 jumped by 29.9% YoY to Rs 9,976 mn for Q2 FY25 as against Rs 7677.50 mn in the corresponding quarter of last year. The company declared its consolidated profit after tax for Q2 FY25 at Rs 634 mn, up 45.3% as compared to Rs 436.02 mn declared in the similar quarter of last year. PAT margin stood at 6.4% as against 5.7% in Q2 FY24. Check details below:

Dodla Dairy Recommends Interim Dividend: As per the regulatory filing of the company dated October 23, 2024, "the Board of Directors has declared First Interim Dividend of Rs. 3 /- per equity share of Rs. 10/- each of the Company for the Financial Year 2024-25." It fixed Thursday, 31 October 2024 as record date and the said first interim dividend will be paid to those members whose name appears in Register of Members as on said record date. The First Interim Dividend will be paid to the entitled members within 30 days from the date of declaration."

Dodla Dairy Q2 Results: The company said its EBITDA increased by 37.0% YoY to Rs 963 million and EBITDA margin stood at 9.6% in Q2FY25. The company declared its EPS for Q2 FY25 stood at Rs 10.5 as compared to Rs 7.3 in Q2 FY24. As per the BSE filing, "The domestic business grew by 26.2% YoY to Rs 9,032 Mn whereas, the international business saw a robust 81.1% YoY growth and registered revenues of Rs 944 Mn in Q2 FY25. Gross margins remained in similar range as previous quarter at 25.5% in Q2 FY25."

Commenting on the performance, Managing Director of Dodla Dairy, Mr. Dodla Sunil Reddy 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 ₹3,779 Mn, 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."

How to be eligible for Dodla Dividend? Record date is crucial in determining eligibility of shareholders for dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Dodla fixed October 31, 2024 as the record date for dividend.

Dodla Dairy Shares Performance: The 52-week high price of Dodla Dairy shares on BSE is Rs 1345.70 per share (as on 22/07/2024) and 52-week low price is Rs 658.20 apiece (as on 25/10/2023), respectively. The company's market capitalisation stood at Rs 7464.06 crore. Dodla Dairy has a ROE of 17.47 and PE of 42.35.

Dodla Dairy About: Dodla Dairy Ltd (DODLA) is one of India's leading integrated dairy companies incorporated in 1995. The company procures, processes, and sells milk and milk products. The Company's product portfolio consists of Milk, Butter Milk, Ghee, Curd, Paneer, Flavoured Milk, Doodh Peda, Lassi, Ice Cream and Milk Based Sweets.

Disclaimer:

The stock highlights the dividend, Q2 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.