FROM THE CHAIRMAN'S DESK
Dear Shareholders,
Reflecting on Dodla Dairy's accomplishments for fiscal year 2024, I am pleased to share
our continued commitment to governance, value creation, and steadfast dedication to our
farmers and stakeholders. Our governance framework is built on transparency,
accountability, and integrity, which are the cornerstones of our success and sustainable
growth.
Our mission at Dodla Dairy is to create lasting value for all our stakeholders,
particularly the farmers who form the backbone of our operations. In FY24, we achieved
significant milestones, surpassing revenues of Rs 30,000 million, a testament to our
robust procurement network and the strategic expansion of our distribution channels. We
have continually strived to empower our farmers by providing them with the necessary
resources and support to enhance their productivity and profitability. I consider this an
achievement as a collective effort of our value chain partners, most importantly Dodla
Dairy Farmers.
Governance at Dodla Dairy is not just about compliance but about fostering an
environment of ethical conduct and responsible business practices. We have reinforced our
governance structure by integrating environmental, social, and governance (ESG)
initiatives, ensuring our business operations are sustainable and socially responsible.
Our focus on ESG initiatives is reflected in our efforts to improve the livelihoods of our
dairy farmers through fair pricing, access to quality cattle feed, and veterinary
services. In line with this, we have adopted the Business Responsibility and
Sustainability Report (BRSR) framework to enhance further our transparency and
accountability in reporting our ESG performance. We want to assure you, our shareholders,
that we are committed to upholding the highest governance standards.
Our direct procurement model is critical to our operations, enabling us to establish
strong relationships with over 1.4 lakh farmers across 8,400+ villages. This model ensures
a steady supply of high-quality milk and reduces costs by eliminating intermediaries. We
promote financial inclusion and transparency by paying farmers directly into their bank
accounts. Our commitment to fair milk pricing and timely payments has significantly
improved the economic well-being of our farmers, a testament to our dedication to social
responsibility and sustainable growth.
We have also invested in expanding our procurement infrastructure and increasing the
number of chilling centres and village-level collection centres (VLCCs). In FY24, our
average milk procurement grew by 21.2% YoY to 16.8 LLPD, demonstrating our successful
efforts in supporting and developing our farmer network. Additionally, the capacity
expansion of Orgafeed to 480 MTPD has further strengthened our ties with farmers,
providing them with quality cattle feed and enhancing their productivity.
We remain committed to creating value for our stakeholders by leveraging our integrated
business model, enhancing operational efficiencies, and expanding our market presence. Our
new dairy plant in Kenya and Orgafeed's increased capacity are just a few examples of our
strategic initiatives to drive future growth.
In conclusion, I thank our shareholders, farmers, employees, and all stakeholders for
their unwavering support and trust in Dodla Dairy. Together, we will continue to build a
sustainable and prosperous future, delivering value and growth for all our stakeholders.
Sincerely,
Dodla Sesha Reddy
Chairman