Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund

Dodla Dairy: Healthy earnings profile from FY24 to drive rerating

The trend of low single-digit earnings growth witnessed over the past two years is expected to end and we expect decent double-digit earnings growth to resume from FY24

January 25, 2023 / 10:41 AM IST
Dodla Dairy: Healthy earnings profile from FY24 to drive rerating

DDL has a strong balance sheet and healthy return ratios. We advise investors to add the stock in the portfolio

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

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...

  • PRO Panorama

    Moneycontrol Pro Panorama | What’s spooking equity investors? 

    Feb 9, 2023 / 02:26 PM IST

    In today’s edition of Moneycontrol Pro Panorama: MPC signals rate hike cycle not yet over, companies benefit from lower tax, mon...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: The elephant in the room

    Feb 4, 2023 / 11:20 AM IST

    The well-crafted and well-delivered budget got many ‘wows’, but Mr Market’s worry lines are not yet gone

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers