DODLA

March 21 (Reuters) - Dodla Dairy Ltd DODL.NS:

• DODLA DAIRY LTD - ANDHRA PRADESH HIGH COURT SETS ASIDE GST DEMAND ORDERS

• DODLA DAIRY LTD - COMPANY CLAIMING REFUND OF 7.8 MILLION RUPEES

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Jan 30 (Reuters) - Dodla Dairy Ltd DODL.NS:

• DEC-QUARTER CONSOL NET PROFIT 635.7 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.01 BILLION RUPEES

• APPROVED 2.8 BILLION RUPEES CAPEX

• CAPEX TO SETUP NEW PLANT, MACHINERY AT MAHARASHTRA

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Oct 23 (Reuters) - Dodla Dairy Ltd DODL.NS:

• SEPT-QUARTER CONSOL NET PROFIT 633.8 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.98 BILLION RUPEES

• DIVIDEND 3 RUPEES/SHR

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Oct 18 (Reuters) - Dodla Dairy Ltd DODL.NS:

• DODLA DAIRY LTD - ACQUIRED 35.23 ACRES LAND IN MAHARASHTRA FOR ITS EXPANSION PLANS

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July 22 (Reuters) - Dodla Dairy Ltd DODL.NS:

• DODLA DAIRY JUNE-QUARTER CONSOL NET PROFIT 650.2 MILLION RUPEES

• DODLA DAIRY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.12 BILLION RUPEES

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** Hatsun Agro Product HAPL.NS shares up as much as 18% to highest since Nov 2021

** Arun icecream maker on Monday posted 63% surge in Q1 profit, while rev rose 10.4% on strong sales volume and higher margins

** See margin expansion to continue through FY25 on lower input prices, utilisation of low-priced skimmed milk product

inventory, ICICI Securities said in a note

** ICICI raised FY25/26 earnings by 4.4%/4% to factor in the better-than-expected results

** Including day's gain, stk up 4.3% YTD vs 79% gain in rival Heritage Foods HEFI.NS and 31% rise in Dodla Dairy DODL.NS

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of milk producer Dodla Dairy DODL.NS up as much as 3.4% at 916.40 rupees

** Investec initiated coverage on Indian dairy firms DODL, Hatsun Agro HAPL.NS, Heritage Foods HEFI.NS and Parag Milk Foods PAMF.NS, picks DODL as the most preferred stock

** Brokerage expects DODL to outshine its peers in various aspects including robust core business, effective capital utilization and reasonable valuations

** Rates DODL at "buy" with Street-high PT of 1,400 rupees - LSEG

** Meanwhile, Investec's ratings on HEFI and PAMF also at "buy"; HAPL rated "sell"

** DODL only stock among major dairy firms with YTD gains, HEFI, PAMF and HAPL all post YTD losses between 1.1% and 12.5%

(Reporting by Kashish Tandon in Bengaluru)

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April 5 (Reuters) - Dodla Dairy Ltd DODL.NS:

• DODLA DAIRY LTD - PURCHASED LAND, BUILDING, MACHINERY SITUATED AT KARNATAKA FOR 65 MILLION RUPEES

• DODLA DAIRY LTD - CO CLOSED LEASE PLANT AT TUMKUR SINCE LEASE PERIOD COME TO END

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Feb 12 (Reuters) - Dodla Dairy Ltd DODL.NS:

• DODLA DAIRY LTD - NAMES R. MURALI MOHAN RAJU AS CFO

• DODLA DAIRY LTD - APPROVED CAPEX OF 125 MILLION RUPEES FOR ACQUIRING PLANT OR LAND

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** Shares of Dodla Dairy DODL.NS rise as much as 7.5% to a record high of 945.90 rupees

** DODL's Dec-qtr consolidated net profit climbs 16.8% Y/Y on a 10.6% increase in revenue from operations

** Co says average milk procurement up 36.7%

** Stock set to rise for third straight session, if gains hold

** More than 144,000 shares traded, 1.3x the 30-day average volume

** Analysts' avg rating on DODL, rival Heritage Foods HEFI.NS is "strong buy," Hatsun Agro Product HAPL.NS has 'hold' rating - LSEG data

** DODL and HEFI up ~6% and 7.7%,respectively YTD, while HAPL down 2.4%

($1 = 83.1310 Indian rupees)

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Jan 22 (Reuters) - Dodla Dairy Ltd DODL.NS:

• UNIT COMMENCED MANUFACTURING OF DAIRY PLANT AT KENYA

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BENGALURU, Jan 19 (Reuters) - India's Hatsun Agro Product HAPL.NS, which sells products under brands such as Arun IceCreams and Arokya Milk, reported its slowest quarterly profit growth in three quarters, hurt by heavy floods in its home state of Tamil Nadu.

Last month, cyclone Michaung flooded a large part of the southern Indian state, which is home to 13 of Hatsun's 20 milk processing plants and, according to ICICI Securities, accounts for over half of the company's revenue.

The Chennai-based company's profit after tax rose 23.6% to 574 million rupees ($6.91 million) in the three months ended December 31, its slowest since the 2023 March quarter.

Total expenses, led by raw material costs, rose 11.2%. This offset Hatsun's 11.3% rise in revenue - the highest revenue growth the company has recorded since the 2023 March quarter, coming on the back of a productive flush season.

The flush season runs from October to February, as lower temperatures lead to higher milk production, and is used by dairies to build supply for the lean season.

Rivals Heritage Foods HEFI.NS and Dodla Dairy DODL.NS will report third-quarter results later this month.

Shares of Hatsun Agro rose as much as 3.7% to hit a four-month high after the results, before giving up all the gains to trade 2.1% lower.

($1 = 83.1037 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Janane Venkatraman )

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** ICICI Securities expects margins for Indian dairy cos to

rise in H2FY24E–FY25E, post FY23–H1FY24E weakness

** Sees cos reporting EBITDA margin expansion in H2FY24 on lower raw material prices and benefit of carry-over of price hikes

** Costs for Indian farmers will likely reduce with stable cattle feed prices - ICICI Securities

** Says it remains positive on dairy sector on growth triggers like higher consumption of margin-accretive value-added products

** Adds, milk procurement prices to remain stable in H2FY24 due to commencement of flush season, normal monsoon and weakening impact of lumpy skin disease

** Prefers Heritage Foods HEFI.NS and Dodla Dairy DODL.NS with "buy" and keeps "hold" rating on Hatsun HAPL.NS

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of Dodla Dairy DODL.NS rise as much as 8.61% to 729.90 rupees - biggest intraday gain in near 3 months

** Co posts 10.5% Y/Y rise in September quarter consol net profit

** Revenue from operations up 10.4% on increase in milk volumes and rising contribution from value-added product sales

** DODL says lower raw material prices and decline in other expenses aided profit margins

** Trading volume is 545,417 shares as of 11:27 a.m. IST, 5x the 30-day avg - LSEG data

** DODL up over 37% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

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Oct 13 (Reuters) - Dodla Dairy Ltd DODL.NS:

• ANJANEYULU GANJI RESIGNS AS CFO

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** Shares of dairy products retailer Dodla Dairy DODL.NS rise as much as 5.5% to 715 rupees

** Co said its unit Orgafeed has started operations at a new cattle feed plant at Kuppam in Andhra Pradesh state

** Adds, capacity of new plant is 12,000 tonnes per month

** Over 101,000 shares change hands as of 10:38 a.m. IST, 0.8x the 30-day moving average

** Stock last up 4.1%, taking YTD gains to 39.6%

(Reporting by Varun Vyas in Bengaluru)

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** Shares of dairy products retailer Dodla Dairy Ltd DODL.NS down as much as 5.5% to 474.55 rupees

** Stock sees biggest intraday pct loss since March 20, touches lowest level since April 17

** Co reports 44% fall in consolidated net profit to 225.29 mln rupees ($2.75 mln) from 404.82 mln rupees a year ago

** Steep increase in milk procurement prices led by muted flush season and heatwave in CY23 to continue to hurt margins in H1FY24, say ICICI Securities analysts in a note

** Total expenses rise nearly 27% to 7.06 bln rupees

** Revenue from operations rise about 23% to 7.24 bln rupees

** Stock down 0.71% YTD as of last close

($1 = 81.7800 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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