The board meeting will be held nearly two months after Heritage Foods declared its Q1 FY23 results, with the company's revenue climbing by 27 percent year-on-year.
Going ahead, the company plans to expand its footprint beyond the traditional stronghold of South India and establish a pan-India footprint
DDL is among the few companies in the listed dairy space with a proven track record, strong balance sheet and return ratios, and strong management quality and qualifies to be one of the stocks to own
Nandish Shah of HDFC Securities believes that short term trend of the Nifty turned negative and, therefore, advises investors to remain cautious till it closes above 17,900.
Given the lack of worthy options in the space and Dodla Dairy's track record of market share gains, the IPO is a bet to be subscribed for listing gains
The dairy company drew over 26 percent of its revenue in the fourth quarter from value-added products including curd, paneer, milkshakes, and flavoured milk.
Heritage Foods on October 28 reported a 79.6 percent year-on-year (YoY) fall in its September quarter consolidated net profit at Rs 2.91 crore against Rs 14.26 crore in the same quarter a year ago.