{
  "id": 9548251,
  "title": "Broker’s call: Dodla Dairy (Buy)",
  "url": "https://urgent.news/2026/09/24/brokers-call-dodla-dairy-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T11:15:41.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-dodla-dairy-buy/article71503717.ece"
  },
  "original_language": "en",
  "account": "Dodla Dairy's (DODLA) management delivered an optimistic outlook during a non-deal roadshow in Singapore, led by Systematix. The company reaffirmed its revenue growth forecast of 15 percent over the medium term, with a projected shift in sales significance towards value-added products (VAP) to reach 40 percent from the current 30 percent. This shift is expected to result in an additional revenue/volume accretion of ₹2,800 crore/15 LLPD within the next 2-3 years, with FY26 revenue of ₹4,120 crore/20 LLPD.\n\nThe growth is projected to be driven by processing volume additions at Maharashtra's greenfield plant of 10 LLPD, Bihar and Jharkhand (Osam) at 3 LLPD, and Uganda's greenfield plant contributing another 1.5-2 LLPD. Upon completion, the Maharashtra plant is expected to generate 1-2 LLPD locally, while the rest of the output will cater to north Karnataka and Telangana. The Uganda greenfield facility will facilitate an expansion into fresh milk, complementing Dodla's existing presence in long-life milk and yogurt, with commissioning anticipated by FY29.\n\nThe company anticipates stable India and robust Africa growth, with FY26-FY29E sales CAGR of 12/22 percent, supported by stable high VAP growth of 20 percent, incremental sales from capacity expansions, and the addition of Osam. Dodla's FY27E-FY29E revenue and PAT CAGR estimates remain unchanged, with a projected FY26-FY29E revenue and PAT CAGR of 13/24 percent. The firm maintains a Buy rating on the stock, with a valuation based on a P/E of 24x (broadly in line with its current one-year forward multiple), aiming for an unchanged TP of ₹1,295 by June-2028E.",
  "summary": "Management reaffirmed revenue growth guidance of 15% over the medium term, expecting sales’ salience of value-added products (VAP) to go to 40% (from current 30%)",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}