Dodla Dairy IPO looks appetizing, but investors should watch if margins sustain
Over FY18-FY20, Dodla Dairy’s revenues have grown at a compound annual growth rate of 16%. On the other hand, Ebitda CAGR has been relatively slower at 11.8%
Dodla Dairy Ltd initial public offer (IPO) opened for subscription on Wednesday and there seems to be a lot of interest in the issue. The dairy company has a vast presence in south India. It owns and operates 13 processing plants located in the states of Andhra Pradesh, Telangana, Tamil Nadu and Karnataka.
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