₹779.95 apiece on BSE, the stock hit an intraday high at ₹908.40 and low at ₹774.35. According to the company's exchange filing, its profit after tax (PAT) for the quarter ended in June of fiscal 2024 climbed 40.3% year over year (YoY) to ₹35 crores, and PAT margins increased by 77 basis points YoY to 4.2% in Q1 FY24. Operating Revenues jumped by 14.8% YoY to ₹8,23.4 crore in Q1 FY24 from ₹7,17.0 crore in Q1 FY23.
While the company's international business generated revenues of ₹60.6 crore in Q1 FY24, its domestic business increased by 16.1% YoY to ₹762.8 crore.In Q1 FY24, EBITDA increased by 33.9% YoY to ₹60.3 crore. EBITDA margin increased by 104 bps YoY to 7.3% as a result of declining other expenses (89 bps YoY) and reduced raw material prices (44 bps YoY). Employee costs, however, increased by 29 bps YoY in Q1 FY24.
Dodla Dairy's managing director, Dodla Sunil Reddy, commented on the results, stating that the company had achieved a quarterly revenue milestone of ₹800 crore for the first time in Q1 FY24, growing by 14.8% year over year. "The company’s Value-Added Products (VAP) and Fat & Fat products sales surged by 12.9% YoY to ₹258.6 crore aided by extended summer season coupled with diversified product portfolio and strong brand recall. Dodla’s VAP sales contributed 32.0% to the overall revenues in Q1FY24.
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