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 Securities Report
Dodla Dairy Ltd. has created multiple competitive advantages in the fast growing dairy industry.
Apart from cluster approach in South India, it has developed-
strong brands,
100% direct milk procurement network and
direct distribution model.
The company also focusses on products that generate return on capital employed in excess of cost of capital such as milk and curd, and has negligible/nil presence in cash burning products like ghee, cheese and whey.
Milk procurement in South India is growing at ~10% per annum.
Dodla Dairy has expanded its market share from 0.6% in FY08 to ~1% in FY21.
Considering market growth and market share expansion potential, we model the company to report mid-teens revenue growth in medium term.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR