India's Dodla Dairy jumps on strong September quarter results

Dodla Dairy

23/10/2023 07:10

** 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)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))