Dodla Dairy Limited Receives Credit Rating Reaffirmation from ICRA
Dodla Dairy Limited has received a reaffirmation of its credit ratings from ICRA Limited as of April 2, 2026. The ratings reflect the company’s financial health and stability.ICRA has reaffirmed the following ratings:
| Instrument | Amount (Rs. Crore) | Rating Action |
|---|---|---|
| Long-term - Fund-based - Term loan | 225 | [ICRA]AA(Stable); Reaffirmed/Assigned for enhanced amount |
| Short-term - Fund-based - Overdraft | 50 | [ICRA]A1+; Reaffirmed |
| Long-term/Short-term - Fund-based - Cash credit | 72.5 | [ICRA]AA(Stable) /[ICRA]A1+; Reaffirmed |
| Long-term - Unallocated limits | 2.5 | [ICRA]AA(Stable); Reaffirmed |
A detailed breakdown of the ratings by bank is presented below:
| Details of Bank Limits Rated by ICRA | InstrumentName | Amount (Rs. Crore) | Rating | Rating AssignedOn |
|---|---|---|---|---|
| Kotak Mahindra Bank Limited | Cash credit | 30 | [ICRA]AA(Stable)/[ICRA]A1+ | March 27, 2026 |
| ICICI Bank Limited | Cash credit | 22.5 | [ICRA]AA(Stable)/[ICRA]A1+ | March 27, 2026 |
| HDFC Bank Limited | Cash credit | 20 | [ICRA]AA(Stable)/[ICRA]A1+ | March 27, 2026 |
| ICICI Bank Limited | Overdraft facilities | 15 | [ICRA]A1+ | March 27, 2026 |
| Standard Chartered Bank | Overdraft facilities | 35 | [ICRA]A1+ | March 27, 2026 |
| Not applicable | Unallocated limits | 2.5 | [ICRA]AA(Stable) | March 27, 2026 |
| HDFC Bank Limited | Term Loans | 125 | [ICRA]AA(Stable) | March 27, 2026 |
| Kotak Mahindra Bank Limited | Term Loans | 100 | [ICRA]AA(Stable) | March 27, 2026 |
| Total | 350 |
The ratings are subject to surveillance within one year and ICRA reserves the right to revise them based on new information or circumstances.
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