IPO Central

Dodla Dairy IPO description – Dodla Dairy is an integrated dairy company based in south India. The company claims to be the third highest in terms of milk procurement amongst private dairy players in the southern region. The company’s average procurement is of 1.02 million litres of raw milk per day as of 31 December 2020. Its operations in India are primarily spread across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra while overseas operations are based in Uganda and Kenya. It sells milk and value added products (VAP) such as curd, Ultra-High Temperature processed (UHT) milk, ghee, butter, flavoured milk and ice cream under Dodla Dairy, Dodla and KC+ brands. Revenue from sale of milk and dairy based VAPs constituted 72.8% and 27.2% respectively, of its total revenues in FY2020. 

The company’s processing operations consist of processing of the collected raw milk into packaged milk and manufacturing of other dairy based VAPs by 13 processing plants with an aggregate installed capacity of 1.70 MLPD. Milk is procured from approximately 114,920 farmers through 6,624 Village Level Collection Centres (VLCCs), 254 dairy farms (farmers rearing multiple cattle for supplying raw milk in bulk quantities) and third party suppliers as of 31 December 2020.

Promoters of Dodla Dairy – Dodla Sunil Reddy, Dodla Sesha Reddy and Dodla Family Trust