Dodla Dairy reports profit after tax of Rs 294 million for Q2FY22
Dodla Dairy, a Hyderabad-based dairy company, has reported a profit after tax of INR 294 million for the second quarter of the fiscal year 2022 ended 30 September 2021 (Q2FY22), a 31% reduction, compared to a profit after tax of INR 426 million made in the same quarter of FY21.
The earnings per share (EPS) for Q2FY22 was INR 4.9, compared to INR 7.6 in Q2FY21.
The Indian dairy producer’s operating revenue for Q2FY22 grew by 23% to INR 5,664 million compared to INR 4,610 million in Q2FY21.
Dodla Dairy said that the Average milk procurement during the reported quarter was at 12.8 lakh liters per day (LLPD), compared to 11.6 LLPD in Q2FY21 and 12.3 LLPD in Q1FY22.
The average milk sales of the Indian dairy company during the second quarter were at 9.5 LLPD, compared to 8.3 LLPD reported in Q2FY21 as well as in Q1FY22.
According to Dodla Dairy, its curd sales in Q2FY22 came to 252 metric tonnes per day (MTPD), compared to 187 MTPD in Q2FY21 and 294 MTPD in Q1FY22.
On the other hand, its revenue from value added products (VAP), which excludes fat and fat-based products, was at INR 1,258 million to account for 22.6% of the overall dairy revenue during the reported quarter.
Commenting on Dodla Dairy Q2FY22 results, Dodla Sunil Reddy — Managing Director of Dodla Dairy said: “I am pleased to announce that our resilient model has yet again shown its grit in another successive quarter, delivering a revenue growth of 23% Y-o-Y. Our expanding operations and in-roads in new markets are visible through growth in number of our facilities and direct and indirect distribution channels.
“Solid financial result goes on to show that we are committed to deliver growth by leveraging our world class infrastructure, operating expertise and strong balance sheet.”