India's Dodla Dairy slides to six-week low on Q1 profit drop, margin worries
BUZZ-India's Dodla Dairy slides to six-week low on Q1 profit drop, margin worries ** Dodla Dairy's shares DODL.NS fall as much as 3.97% to 1,019.1 rupees apiece, their lowest in six weeks
** Dairy firm posts a 35.4% year-on-year drop in consolidated net profit in the June quarter over the weekend
** Profit margins remain affected by higher milk costs, with procurement prices rising 10% Y/Y during the quarter, say analysts at Investec
** The analysts add that margin compression was exacerbated by higher logistics, packaging and employee expenses
** DODL management says milk prices will start normalizing from the ongoing September quarter, aiding earnings
** DODL shares are down 17.6% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
Recent news on Dodla Dairy
See all newsTemasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO
India's Dodla Dairy slides to six-week low on Q1 profit drop, margin worries
India's Dodla Dairy slips on margin worries
Brief: Dodla Dairy Unit Allotted 7.15 Acres Plot On Lease Of 90 Years For Milk Products Unit
Brief: Dodla Dairy Ltd Gets Tax Order From Income Tax Department Worth 181.1 Million Rupees