Highlights Mixed results for December 2022 quarter Industry-leading volume growth to continue Organic growth via entry into adjoining areas Healthy balance sheet to help exploit inorganic opportunities Margins to improve Dodla Dairy (DDL; CMP: Rs 508; Market Cap: Rs 3,022 crore) posted a mixed set of results for Q3FY22. While top line grew in healthy double digits, led by price hikes and volume growth, operating margins declined as milk procurement costs increased. DDL would continue to outgrow the dairy industry, led by its penetration into newer geographies. DDL...
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