Dodla Dairy Ltd is set to make a significant expansion into Eastern India with the board’s recent approval to acquire HR Food Processing Pvt Ltd, the company behind the well-known Osam dairy brand. The total consideration for the acquisition is valued at ₹271 crore.
The board resolution, passed on July 11, 2025, gives the green light for Dodla to acquire 100% of the issued and paid-up share capital of HR Food Processing. However, the acquisition has not yet been completed—it will be finalised after the signing of definitive agreements, fulfilment of conditions precedent, and other legal formalities. The company has indicated that closure is expected within 1–2 months.
This all-cash deal is structured at an enterprise value of ₹247.2 crore, along with ₹23.8 crore in net cash, making it a significant investment by Dodla Dairy in the Eastern dairy market.
HR Food Processing Pvt Ltd, incorporated under the Companies Act, 1956, is based in Eastern India and is recognised for its popular Osam brand, operating across Bihar and Jharkhand. The company had a turnover of ₹282.6 crore in FY 2024–25 and maintains a strong milk procurement and supply network in rural regions.
The acquisition, once complete, will mark Dodla Dairy’s strategic entry into Eastern India, enhancing its capacity to serve high-growth markets with expanding demand for packaged and value-added dairy products.
This move reflects the growing consolidation trend in the Indian dairy industry, where companies are leveraging acquisitions to strengthen regional footholds and increase procurement efficiency. The acquisition also aligns with rising consumer demand in Tier-2 and Tier-3 cities, especially for trusted regional dairy brands.
Once completed, this deal is expected to enhance Dodla’s procurement, processing, and distribution capacity in Bihar and Jharkhand, while also expanding its portfolio of value-added dairy products and deepening its supply chain reach.
