Dodla Dairy Ltd
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ABOUT
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 22.9%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 16.2% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.17x)
CONS
- Though reporting repeated profits, the company pays out little dividend (11.3%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEIND | 1396.00 | 70.63 | 269192.68 | 0.86 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| VBL | 411.30 | 41.09 | 139120.78 | 0.36 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| BRITANNIA | 5011.00 | 46.35 | 120699.10 | 1.81 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| JUBLFOOD | 472.95 | 71.91 | 31207.38 | 0.25 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| HATSUN | 1192.20 | 76.24 | 26556.05 | 0.50 | 60.58 | — | 2363.72 | 17.61 | 17.40 | 10.81 |
| MILKYMIST | 279.35 | 169.32 | 21505.58 | 0.00 | 646.79 | — | 9734.46 | — | 13.79 | 14.77 |
| ZYDUSWELL | 565.60 | 95.62 | 17995.17 | 0.21 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| DEVYANI | 135.85 | 0.00 | 16749.49 | 0.00 | 171.04 | 7576.84 | 15805.16 | 1064.74 | 8.98 | 16.09 |
| LTFOODS | 442.00 | 23.97 | 15348.58 | 0.68 | 183.45 | 8.87 | 3151.83 | 27.92 | 19.77 | 11.26 |
| BIKAJI | 567.20 | 55.01 | 14221.77 | 0.22 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| MANORAMA | 2082.90 | 53.30 | 13147.76 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 35.00 | 26.29 |
| DODLA | 1091.65 | 26.91 | 6585.69 | 0.46 | 40.64 | -35.36 | 1197.94 | 18.98 | 18.15 | 5.42 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 823 | 768 | 747 | 787 | 912 | 998 | 901 | 910 | 1,007 | 1,019 | 1,025 | 1,074 | 1,198 | |
| 763 | 698 | 664 | 712 | 806 | 901 | 805 | 826 | 924 | 926 | 946 | 1,021 | 1,157 | |
| Operating Profit | 60 | 70 | 83 | 75 | 105 | 96 | 96 | 84 | 83 | 93 | 79 | 54 | 41 |
| OPM % | 7.33% | 9.15% | 11.09% | 9.58% | 11.53% | 9.65% | 10.64% | 9.18% | 8.19% | 9.11% | 7.74% | 5.00% | 3.43% |
| 7 | 7 | 6 | 8 | 7 | 10 | 11 | 26 | 17 | 11 | 6 | 23 | 14 | |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 16 | 17 | 18 | 18 | 18 | 19 | 20 | 18 | 18 | 21 | 22 | 22 | 23 |
| Profit before Tax | 51 | 59 | 70 | 64 | 93 | 86 | 86 | 90 | 81 | 83 | 63 | 54 | 55 |
| Tax % | 31.05% | 26.46% | 40.65% | 26.99% | 29.92% | 26.54% | 26.45% | 24.72% | 22.36% | 20.66% | -9.53% | -28.75% | 25.70% |
| Net Profit | 0 | 0 | 0 | 0 | 65 | 63 | 64 | 68 | 63 | 66 | 69 | 70 | 41 |
| 5.88 | 7.33 | 6.95 | 7.87 | 10.93 | 10.54 | 10.54 | 11.27 | 10.42 | 10.89 | 11.39 | 11.56 | 6.74 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,440 | 1,590 | 1,692 | 2,139 | 1,944 | 2,243 | 2,812 | 3,125 | 3,720 | 4,125 | 4,316 | |
| 1,352 | 1,479 | 1,559 | 1,998 | 1,701 | 2,033 | 2,620 | 2,836 | 3,339 | 3,816 | 4,049 | |
| Operating Profit | 88 | 112 | 132 | 142 | 243 | 211 | 192 | 289 | 381 | 309 | 267 |
| OPM % | 6.11% | 7.03% | 7.82% | 6.62% | 12.50% | 9.39% | 6.82% | 9.26% | 10.25% | 7.50% | 6.19% |
| 8 | 7 | 8 | 7 | 7 | 15 | 23 | 27 | 53 | 58 | 55 | |
| Interest | 8 | 11 | 11 | 17 | 13 | 7 | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 19 | 27 | 36 | 49 | 51 | 52 | 61 | 70 | 75 | 82 | 87 |
| Profit before Tax | 68 | 81 | 94 | 82 | 186 | 166 | 152 | 244 | 356 | 281 | 254 |
| Tax % | 31.63% | 29.33% | 32.74% | 39.09% | 32.35% | 19.78% | 19.46% | 31.61% | 26.94% | 4.87% | 3.78% |
| Net Profit | 47 | 57 | 63 | 50 | 126 | 133 | 122 | 167 | 260 | 267 | 245 |
| EPS | 142.09 | 10.26 | 11.30 | 8.96 | 22.33 | 22.24 | 20.39 | 28.03 | 43.09 | 44.26 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 58.05% | 0.00% | 0.00% | 0.00% | 0.00% | 11.60% | 11.30% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 13%
- 5 Years:
- 16%
- 3 Years:
- 14%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 18%
- 5 Years:
- 16%
- 3 Years:
- 30%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 15%
- 3 Years:
- 15%
- 1 Year:
- -23%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 17%
- 3 Years:
- 18%
- Last Year:
- 17%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 56 | 56 | 58 | 59 | 59 | 59 | 60 | 60 |
| 281 | 336 | 349 | 375 | 597 | 781 | 910 | 1,076 | 1,346 | 1,614 | |
| 130 | 120 | 145 | 137 | 65 | 12 | 31 | 42 | 35 | 47 | |
| Trade Payables | 51 | 63 | 76 | 78 | 86 | 103 | 127 | 148 | 156 | 188 |
| 60 | 78 | 117 | 147 | 165 | 133 | 125 | 151 | 134 | 177 | |
| Total Liabilities | 526 | 601 | 743 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,086 |
| 256 | 321 | 492 | 539 | 549 | 566 | 624 | 713 | 750 | 1,056 | |
| Capital Work in Progress | 30 | 16 | 11 | 11 | 8 | 4 | 58 | 12 | 12 | 109 |
| 68 | 67 | 26 | 12 | 60 | 184 | 260 | 196 | 644 | 411 | |
| 85 | 134 | 125 | 120 | 96 | 121 | 120 | 389 | 162 | 155 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 12 | 14 | |
| Cash & Bank | 11 | 14 | 22 | 69 | 224 | 132 | 125 | 103 | 102 | 238 |
| 75 | 49 | 67 | 42 | 34 | 81 | 65 | 53 | 49 | 102 | |
| Total Assets | 526 | 601 | 743 | 793 | 972 | 1,088 | 1,251 | 1,478 | 1,731 | 2,086 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 103 | 152 | 177 | 296 | 211 | 205 | -1 | 520 | 295 | |
| Cash from Investing | -79 | -66 | -148 | -77 | -200 | -138 | -214 | 30 | -528 | -286 |
| Cash from Financing | 19 | -40 | 62 | -26 | 11 | -49 | 15 | -1 | -8 | -25 |
| 1 | -20 | 48 | 63 | 56 | -16 | -38 | 28 | -16 | -15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - Dodla Dairy Limited has informed the Exchange about Schedule of meet
2026-08-01 - Dodla Dairy Limited has informed the Exchange about Transcript
2026-07-27 - Dodla Dairy Limited has informed the Exchange about Link of Recording
2026-07-26 - Dodla Dairy Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-25 - Dodla Dairy Limited has informed the Exchange about Investor Presentation
2026-07-25 - Dodla Dairy Limited has informed the Exchange regarding a press release dated July 25, 2026, titled "Dodla Dairy Limited Reports Q1 FY27 Results".
2026-07-25 - Dodla Dairy Limited has informed the Exchange regarding Outcome of Board Meeting held on July 25, 2026.
2026-07-25 - Dodla Dairy Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-16 - Dodla Dairy Limited has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for DODLA
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Dodla Dairy Ltd
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