Dodla Dairy IPO: KRChoksey's Investment Rationale

Dodla Dairy IPO: KRChoksey's Investment Rationale

Dairy cows stand in the milking parlor. (Photographer Daniel Acker/Bloomberg)

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChokesy Research Report

Dodla Dairy Ltd., incorporated in 1995, is an integrated dairy company with a significant presence in the southern markets.

Notably, the company is the third largest company in terms of raw milk procurement with an average procurement of 1.03 million litres per day as of March 31, 2021 and the second largest private dairy player in terms of market presence.

The company’s Indian operations are undertaken under 'Dodla Dairy', 'Dodla' and 'KC+' brands, while overseas operations are undertaken under 'Dodla Dairy', 'Dairy Top' and 'Dodla+' brands.

The company’s operations consist of processing the raw milk into packaged milk and manufacturing other dairy-based -added products at 13 plants with an aggregate installed capacity of 1.7 million litres per day.

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KRChoksey Dodla Dairy IPO Note.pdf
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