Dodla Dairy Posts Stellar Financial Performance with Over 100% Net Profit Increase in Q1 2024
Source: The DairyNews
Dodla Dairy has reported a significant increase in its financial performance for the quarter ended March 2024, with net profits soaring by 107.86% to Rs 46.83 crore, up from Rs 22.53 crore in the corresponding quarter of the previous year.
The company also witnessed an 8.72% increase in sales, which rose to Rs 787.45 crore during the quarter from Rs 724.28 crore in March 2023.
For the full fiscal year ended March 2024, Dodla Dairy continued its strong performance, with net profits increasing by 36.36% to Rs 166.74 crore, compared to Rs 122.28 crore in the prior year. Sales for the year climbed 11.15% to reach Rs 3125.47 crore, up from Rs 2812.03 crore in the fiscal year ended March 2023.
This robust growth underscores Dodla Dairy's successful operational strategies and its ability to adapt to market dynamics, reinforcing its position in the competitive dairy industry.
For the full fiscal year ended March 2024, Dodla Dairy continued its strong performance, with net profits increasing by 36.36% to Rs 166.74 crore, compared to Rs 122.28 crore in the prior year. Sales for the year climbed 11.15% to reach Rs 3125.47 crore, up from Rs 2812.03 crore in the fiscal year ended March 2023.
This robust growth underscores Dodla Dairy's successful operational strategies and its ability to adapt to market dynamics, reinforcing its position in the competitive dairy industry.
