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GSBR Research

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Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Equity Bottom-Up

<ul>
<li>Dodla Dairy Ltd, one of India’s leading integrated dairy companies, is on a strong growth trajectory with 3-year revenue CAGR of 18.4% during 2022-2025</li>
<li>Further, the increasing mix of value-added product (VAP) is leading to improving profitability, and robust free cash flow generation.</li>
<li>The valuation, at 23.3x FY27 EPS is reasonable in our view with potential upside for re-rating if the management continues to execute on its growth strategy.</li>
</ul>


Dodla Dairy Ltd, one of India’s leading integrated dairy companies, is on a strong growth trajectory with 3-year revenue CAGR of 18.4% during 2022-2025
Further, the increasing mix of value-added product (VAP) is leading to improving profitability, and robust free cash flow generation.
The valuation, at 23.3x FY27 EPS is reasonable in our view with potential upside for re-rating if the management continues to execute on its growth strategy.


Dodla Dairy (DODLA) - Multiple Near-Term Triggers Position It for Re-Rating