Dodla Dairy IPO: Strengths, Financial Summary, Key Risks: ICICI Direct

Dodla Dairy IPO: Strengths, Financial Summary, Key Risks: ICICI Direct

Dodla Dairy Ltd.'s milk powder plant at Nellore. (Source: Company website)

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.

ICICI Direct Report

Dodla Dairy Ltd. is an integrated dairy company based in south India primarily deriving revenue from sale of milk and dairy based added products.

The company is third highest in terms of milk procurement with average procurement of 1.03 million litre of raw milk per day among private dairy players with a significant presence in southern India.

Apart from a presence in south India, it also has overseas operations based in Uganda, Kenya.

The company processes and sells milk and produces dairy based added products like curd, ultra-high temperature processed milk, ghee, butter, flavoured milk and ice cream among others.

It also manufactures and sells cattle feed to farmers through their procurement network.

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ICICI Direct Dodla Dairy IPO Review.pdf
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