On 22 November (Tuesday), after the company incorporated its wholly owned subsidiary company, ‘Country Delight Dairy’ in Kenya, the Dodla Dairy hit a high at one per cent to Rs 491.35.

The subsidiary company’s main objective is to carry out production, milk products, milk processing, and dairy distribution.

• Oswal Pumps, Shakti Pumps Rally on Solar Order Wins
• Glenmark, Granules Rally on US Drug Approvals
• Key Factors Behind Today’s Market Rally
• HDFC Bank Shares Climb 3% on Strong Q1 Update
• Overnight Stock Market Movements: Key Developments 

Dairy offers a wide range of products in both liquid milk and by-product categories. Its products consist of fresh milk, ghee, butter, curd, paneer, flavoured milk, doodh peda, skimmed milk powder and ice cream.

A consolidated net profit of Dodla Dairy soared by 34.2 per cent to Rs 39.45 crore on a 22.8 per cent rise in net sales to Rs 695.32 crore in the second quarter of FY23 over the second quarter of FY22.