Latest news with #HRFoodProcessing
Yahoo
13-07-2025
- Business
- Yahoo
Dodla Dairy to buy peer HR Food Processing
India-based Dodla Dairy has agreed to acquire local peer HR Food Processing for Rs2.71bn ($31.6m). In a stock exchange filing today (July 11, 2025), the company termed the acquisition "strategic", noting the deal will expand its market presence in eastern India. Dodla Dairy managing director Dodla Sunil Reddy said: 'As a market, eastern India is a very exciting market for the dairy industry with faster growth as compared to the national average. This market supports a large population and milk consumption has immense headroom for growth driven by high urbanisation potential and strong GDP growth.' HR Food Processing, known for its Osam brand, operates in Bihar, Jharkhand and other eastern Indian dairy markets. The company runs a 'vertically integrated' supply chain. Osam's network includes over 25,000 dairy farmers, with a daily milk processing capacity of about 110,000 litres, facilitated by 1,000 collection centres and 19 chilling facilities. Its two processing plants can handle up to 180,000 litres of milk daily, the statement added. 'We see tremendous synergies with Osam, which, when combined with Dodla's strong operational experience, will enable us to take this to the next level,' Reddy added. For the financial year 2025, Osam reported revenues of Rs2.83bn, achieving a 25% gross margin and a 5% EBITDA margin, the filing added. Milk made up 72% of its sales, with the remaining 28% from value-added products like curd, lassi, paneer, sweets, ghee, and other items. Upon completion of the acquisition, HR Food Processing will function as a wholly owned subsidiary of Dodla Dairy. The company's operations are limited to India. Founded in 1995, Dodla Dairy is involved in procuring, processing and distributing milk and dairy products. Its offerings include milk, buttermilk, ghee, curd, paneer, flavoured milk, doodh peda, lassi, ice cream, and milk-based sweets. Dodla Dairy's procurement activities span five states, with its products sold across 13 states, supported by 190 milk chilling centres and plants. As of 31 March, the company operated 839 retail parlours in Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka. It also has operations in Uganda and Kenya. "Dodla Dairy to buy peer HR Food Processing" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
11-07-2025
- Business
- Business Standard
Dodla Dairy's board nod to acquire 100% stake in HR Food Processing
Dodla Dairy said that its board has approved the acquisition of a 100% stake in HR Food Processing (OSAM) for a total consideration of Rs 271 crore. HR Food Processing is engaged in manufacturing and sale of milk and milk products. With its premium brand Osam and has established a strong dairy ecosystem in Bihar and Jharkhand. Its turnover was Rs 282.6 crore in FY25. The objective of acquisition is to enter new geographical markets, particularly in Eastern India. Since HR Food Processing operates in a similar line of business, this strategic move is expected to strengthen Dodla Dairys presence in Bihar, Jharkhand, West Bengal, and the broader Eastern Indian dairy market. The purchase consideration includes an enterprise value of Rs 247.2 crore along with net cash of Rs 23.8 crore, totaling to Rs 271 crore. Post-acquisition, HR Food Processing will become a wholly owned subsidiary of Dodla Dairy. This is a fully cash transaction which is expected to be completed in one to two months from the date of signing the SPAs and other transaction documents / agreements, or such other period as may be extended by the parties to the SPA. Dodla Sunil Reddy, managing director of Dodla Dairy, said, We are thrilled to announce the proposed acquisition of Osam, marking a significant milestone in Dodlas journey. This strategic move underscores our commitment to becoming a Pan-India dairy company. As a market, Eastern India is a very exciting market for the dairy industry with faster growth as compared to the national average. This market supports a large population, & milk consumption has immense headroom for growth driven by high urbanization potential and strong GDP growth. We see tremendous synergies with Osam, which, when combined with Dodla's strong operational experience, will enable us to take this to the next level. Dodla Dairy is a leading Indian dairy company. It procures, processes, and sells a wide range of milk and milk products. The companys product portfolio consists of milk, butter milk, ghee, curd, paneer, flavoured milk, doodh peda, lassi, ice cream and milk based sweets. The dairy product maker reported 45.12% surge in consolidated net profit to Rs 67.96 crore on 15.51% jump in revenue from operations to Rs 909.62 crore in Q4 FY25 over Q4 FY24. The counter rose 0.73% to Rs 1,422.35 on the BSE.
Business Standard
11-07-2025
- Business
- Business Standard
Board of Dodla Dairy approves acquisition of HR Food Processing
At meeting held on 11 July 2025 The Board of Dodla Dairy at their meeting held today i.e. 11 July 2025 had approved acquisition of 100% issued and paid-up share capital of HR Food Processing (OSAM) (Target Company) in compliance with the provisions of the Companies Act, 2013, SEBI Regulations and other Statutory requirements may be applicable. This strategic acquisition aligns with the Company's expansion strategy and will enhance its market reach in the eastern region of India. The total purchase consideration for the acquisition of 100% of issued and paid-up share capital is Rs. 271 crore. HR Food Processing incorporated under the provisions of the Companies Act, 1956 is a manufacturer involved in sale of milk and milk products. With its premium brand ' Osam' and its milk has created a robust dairy ecosystem in Bihar and Jharkhand.
