Dodla Dairy Q2FY22 net profit decline by 30.92%

The sales rose 22.87% to Rs566.37cr in the quarter ended September 2021.

Oct 25, 2021 05:10 IST India Infoline News Service

Dodla Dairy Ltd. one of India’s leading integrated dairy companies has announced its financial results for the first quarter ended September 30th, 2021.

The net profit of the company declined 30.92% to Rs29.40cr in the quarter ended September 2021 as against Rs42.56cr during the previous quarter ended September 2020. The sales rose 22.87% to Rs566.37cr in the quarter ended September 2021 as against Rs460.96cr during the previous quarter ended September 2020.

Commenting on the Q2FY22 performance, Managing Director of Dodla Dairy, Dodla Sunil Reddy said, “I am pleased to announce that our resilient model has yet again shown its grit in another successive quarter, delivering a revenue growth of 23% Y-o-Y. Our expanding operations and in-roads in new markets are visible through growth in number of our facilities and direct and indirect distribution channels.”

He also added- “Solid financial result goes on to show that we are committed to deliver growth by leveraging our world class infrastructure, operating expertise and strong balance sheet.”

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