Dodla Dairy Limited

INR 8,000

Highlights Management Commentary Mr. Dodla Sunil Reddy Managing Director “Dodla Dairy surpassed INR 8,000 Mn quarterly revenue milestone for the first time, registering 14.8% YoY growth at INR 8,234 Mn in Q

14.8%

or “Dodla Dairy surpassed INR 8,000 Mn quarterly revenue milestone for the first time, registering 14.8% YoY growth at INR 8,234 Mn in Q1FY24. The Company’s Value Added Products (VAP) and Fat & Fat produc

INR 8,234

passed INR 8,000 Mn quarterly revenue milestone for the first time, registering 14.8% YoY growth at INR 8,234 Mn in Q1FY24. The Company’s Value Added Products (VAP) and Fat & Fat products sales surged by 12.9%

12.9%

8,234 Mn in Q1FY24. The Company’s Value Added Products (VAP) and Fat & Fat products sales surged by 12.9% YoY to INR 2,586 Mn aided by extended summer season coupled with diversified product portfolio and

INR 2,586

1FY24. The Company’s Value Added Products (VAP) and Fat & Fat products sales surged by 12.9% YoY to INR 2,586 Mn aided by extended summer season coupled with diversified product portfolio and strong brand recal

32.0%

n coupled with diversified product portfolio and strong brand recall. Dodla’s VAP sales contributed 32.0% to the overall revenues in Q1FY24. The industry has already started to experience some benefits of

7.4%

hlights A ~15.9 LLPD Average milk procurement during Q1FY24 as compared to 14.8 LLPD in Q1FY23 7.4% YoY 11.1 LLPD B Average milk sales during Q1FY24 as compared to 10.4 LLPD in Q1FY23 6.2% YoY

6.2%

FY23 7.4% YoY 11.1 LLPD B Average milk sales during Q1FY24 as compared to 10.4 LLPD in Q1FY23 6.2% YoY C 439.7 MTPD Curd sales during Q1FY24 as compared to 426.3 MTPD in Q1FY23 3.1% YoY 32.0%

439.7 MT

Y 11.1 LLPD B Average milk sales during Q1FY24 as compared to 10.4 LLPD in Q1FY23 6.2% YoY C 439.7 MTPD Curd sales during Q1FY24 as compared to 426.3 MTPD in Q1FY23 3.1% YoY 32.0% D Revenue from v

426.3 MT

compared to 10.4 LLPD in Q1FY23 6.2% YoY C 439.7 MTPD Curd sales during Q1FY24 as compared to 426.3 MTPD in Q1FY23 3.1% YoY 32.0% D Revenue from value added products (VAP) and fat & fat-based produc

3.1%

D in Q1FY23 6.2% YoY C 439.7 MTPD Curd sales during Q1FY24 as compared to 426.3 MTPD in Q1FY23 3.1% YoY 32.0% D Revenue from value added products (VAP) and fat & fat-based products was at ₹2,586

₹2,586

23 3.1% YoY 32.0% D Revenue from value added products (VAP) and fat & fat-based products was at ₹2,586 Mn of the overall dairy revenue during Q1FY23 12.9% YoY NOTE: All numbers above have been rounded

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

KEY HIGHLIGHTS

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FACTORS DRIVING THE VAP GROWTH

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IR Contact

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KEY HIGHLIGHTS

 State-of-the-art manufacturing facilities at Kadapa, Andhra Pradesh  Selling directly to our farmers through our procurement network which is adjusted against the value of the raw milk supplied to us by such farmers  We have tied up with various veterinarians to provide services to farmers for their milch animals 80MTPD Cattle feed plant capacity ₹181MN Company sales in Q1FY24 ₹16MN EBITDA in Q1FY24 ORGAFEED FINANCIAL FIGURES Operating Revenure (in ₹ Mn) 569 EBITDA (in ₹ Mn) 420 220 97 -4 38 51 53 FY20 FY21 FY22 FY23 DODLA DAIRY LIMITED 22 Company Canvas Our strength to deliver competitive advantage FY23 FY22 FY21 FY20 FY19 FY18 FY19 FY20 FY21 FY22 14.1 13.8 22.3 12.2 12.5 10.9 10.8 13.0 12.1 11.1 11.0 20.0 20.0 18.0 16.8 PROCESSING CAPACITY  Best practices to maximize capacity utilization, operating metrics and profitability  Flexible and agile with continuous improvement mindset MILK PROCUREMENT  All dairy processors have access to the same raw material and equipment; what dis

FACTORS DRIVING THE VAP GROWTH

 The rapid economic growth and urbanization have resulted in a fundamental shift in consumer preferences and food preferences  Consumer desire for branded, healthier, and more nutritional alternatives is growing  Rising disposable incomes driving demand for value added dairy products  Post COVID-19 pandemic, structural changes occurred in consumer pattern a result of heightened hygiene awareness, which benefits the organized dairy industry NOTE: All Value have been rounded-off to zero decimal; figures are in lakh litre per day (LLPD) DODLA DAIRY LIMITED 25 Our Overseas Presence Dodla operates in Kenya and Uganda in Africa through its subsidiaries Lakeside Dairy Limited & Dodla Dairy Kenya Limited. Our African product portfolio is marketed under the “Dairy Top” and “Dodla +” brands and includes Milk, yogurt with different flavors, ghee, paneer, cheese and UHT milk. Presence in Kenya & Uganda Salient Features - Overseas Dairy Business Dairy player margins are higher due to and constr

IR Contact

Vikash Verma T: +91 9664009029 • Hiral Keniya T: +91 9029662801 • CORPORATE OFFICE 8-2-293/82/A, 270/Q, Road No 10-C, Jubilee Hills, Hyderabad – 500 033. Telangana, India. T: +91 40 4546 7777 F: +91 40 4546 7788 Appendix Glossary LLPD: Lakhs Liter per day LPA: Liters Per Annum MTPD: Metric Tonnage Per day MT: Metric Ton UHT milk: Ultrahigh Temperature Processed Milk VAP: Value-added Product VLCC: Village Level Collection Center FII: Foreign Institutional Investor DRP: Dodla Retail Parlours DODLA DAIRY LIMITED 36 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dodla Dairy Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means o