• Midcap market movements: RR Kabel rallied after achieving FMEG breakeven and beating earnings estimates, and Coforge gained 9%, while Godfrey Phillips and Aurionpro Solutions dropped sharply due to margin contraction and operational challenges.
• Dodla Dairy guidance: The company remains confident in achieving 10% volume growth and 15% value growth for the full year across its domestic operations, Eastern India acquisitions, and African business.
• Milk margin recovery: After EBITDA margins dropped from 8.2% to 5.4% due to a 10% surge in raw milk procurement costs, Dodla Dairy is implementing phased price hikes to return margins to the 7–8% range.
• Value-added product growth: Value-added products grew 41% year-on-year to account for 35% of Dodla Dairy's revenue, delivering margins that are 4% to 5% higher than conventional milk.
• Geographic expansion plans: Dodla Dairy expects ₹600 crore in revenue from its Africa business at a 12–15% EBITDA margin, while scaling its Maharashtra plant to 10 lakh liters per day and revamping the Chandel facility in Bihar.