Dodla Dairy share price today

Dodla Dairy Ltd's share price was ₹985.95 at the close on 4 November 2026. It has been falling for 46 weeks. That is 9.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹971 and ₹1,280, and at that close it sat 5% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Dodla Dairy Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row.

Over the last 5.3 years the share price moved +71% while the NIFTY 500 moved +61%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 8 quarters in a row, indian funds and insurers (DIIs) raised their stake for 8 quarters in a row and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

1. Foreign funds (FIIs) cut their stake for 8 quarters in a row

   From 11.6% to 6.1% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) raised their stake for 8 quarters in a row

   From 18% to 26.1% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,196 crore, +17.4% on a year earlier.

   Why: Revenue rose because the company sold more milk and got a higher price per litre.

   Next results: check whether India's second half revenue stays in the range management gave.

   From the earnings call on 29 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Dodla Dairy reported revenue of ₹1,196 crore, up 17.4% from ₹1,019 crore a year earlier, and a profit of ₹37.0 crore, down 43.9% from ₹66.0 crore.

Dodla Dairy results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Dodla Dairy's management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Dodla Dairy closed at ₹985.95 on 4 November 2026, down 17.8% from ₹1,199.20 a year earlier (7 November 2025) and up 68.3% over five years. Its highest weekly close since July 2021 was ₹1,462.30 on 5 September 2025.

Dodla Dairy share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

283 weekly closes from 2 July 2021 to 4 November 2026.

4 Nov 2026: Dodla Dairy closed at ₹985.95, up 0.7% on the week and down 2.0% on the month. 29 Oct 2026: Dodla Dairy held its results call for July to September 2026. Management guided: October-December quarter consolidated operating profit 7.5% to 8% on September hikes, continuing thereafter barring major shifts.

Earlier

• Results for July to September 2026: Revenue up 17.4% and profit down 43.9% on a year earlier.
• 7 Jul 2026: ex-date for a dividend of ₹5 a share.

Dodla Dairy paid ₹5 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.51% at the ₹985.95 close on 4 November 2026. The last was a dividend of ₹5 a share, ex-date 7 July 2026.

Dodla Dairy dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Dodla Dairy Ltd paid out 11% of its profit as dividends in FY26, and it paid a dividend in 3 of its last 9 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 29 October 2026, Dodla Dairy's management guided: October-December quarter consolidated operating profit 7.5% to 8% on September hikes, continuing thereafter barring major shifts.

Management, on the call for July to September 2026

What management guided

• Milk procurement to stay at peak through next two quarters with only 20 to 30 paise location-mix variation.
• No further price move if status quo lasts; further cooperative hikes to be matched plus gradual logistics-packaging pass-through.
• OSAM operating profit 4% to 5% in second half on festive volumes and stabilising procurement.
• India second-half revenue ₹1,100 crore to ₹1,200 crore depending on seasonality.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

When Dodla Dairy reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Consolidated margin to rebound to flagged Q3 band on full-quarter pricing flow-through - verify against Q3 print and mix.

Dodla Dairy is not on any of our India lists this week.

Dodla Dairy Ltd earned ₹37.0 Cr of net profit in the Sep 2026 quarter, −43.9% on the same quarter a year earlier. Full-year FY26 profit was ₹267 Cr. Over 8 years profit has grown 21.3% a year on average. That is 3.1% of the quarter's revenue. The same quarter a year earlier earned ₹66.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹267 Cr (+2.7% on the year before).

Why profit moved: revenue changed +17.4% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −17.0% and revenue +17.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Dodla Dairy Ltd reported ₹1,196 Cr of revenue in the Sep 2026 quarter, +17.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 8 years it has grown 12.7% a year on average. The last full year, FY26, came in at ₹4,125 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,493 Cr.

FY26 revenue was ₹4,125 Cr, +10.9% on the year before.

Recent pace: the last four quarters grew +17.0% on average, against 12.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +17.1%, against +14.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −16.9%, against +0.2% a year (rolling over).

Dodla Dairy Ltd's operating margin was 5.0% in the Sep 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 9 years it has been between 7.0% and 13.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.7 percentage points on the year while gross margin changed −4.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 117% of Dodla Dairy Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹295 Cr of operating cash against ₹267 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹485 Cr of spending on assets, free cash was −₹190 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 117% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building.

Dodla Dairy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −3 days in FY26, down from 4 days in FY21. It spent ₹710 Cr on assets over the last 3 years. Customers take 1 days to pay, and stock sits for 18 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,125 Cr, each day of that cycle ties up about ₹11.3 Cr, so roughly −₹34.0 Cr is tied up in the business at any time.

FY26: customers took 1 days to pay and stock sat for 18 days, about 0.6 months of sales sitting as stock, for a full cycle of −3 days, shorter than FY21's 4.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 18 days. Customers pay about 1 days after that. Suppliers are paid at 22 days. Together that makes the −3-day cycle.

Spending on assets: ₹710 Cr over the last 3 years, against ₹227 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹109 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Dodla Dairy Ltd's P/E is 27.3×, in the middle of its own history: higher than 39% of past readings. Its usual P/E (the middle reading) is 28.4×, over 5.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹35.76.

Why the multiple is where it is: over the past year earnings per share moved +2.7% while the price moved −17.8%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +11.0% a year; about +13.0% a year came from earnings growth and about −2.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Dodla Dairy Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −16.9% in the latest quarter, against +67.1% at its best in 12 quarters, with ROCE falling at 13.0%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Dodla Dairy Ltd earned a ROCE of 17% in FY26. That is up from a low of 16% in FY23. Its return on capital used (ROIC) is 2.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.5% net margin and 1.98× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 6.5% net margin × 1.98× asset turnover × 1.25× leverage (assets divided by equity) ≈ 16.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 14.0% − 12.0% = +2.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 14.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 23.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Dodla Dairy Ltd has total debt of ₹72.0 Cr against shareholder equity of ₹1,722 Cr as of Sep 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.02 in FY22 to 0.03 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in Dodla Dairy Ltd by 8.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 26.1% of the company. Foreign institutions moved −5.5 points over the same period, to 6.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +8.1 points over 8 quarters, to 26.1%; Foreign institutions: −5.5 points over 8 quarters, to 6.1%; Promoters: −0.8 points over 8 quarters, to 58.9%.

Why the owners changed: foreign institutions moved −5.5 points and domestic institutions +8.1 points over 8 quarters, while promoters moved −0.8 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Dodla Dairy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

47.2 out of 100, rank 5 of 8 in FMCG - Dairy Products, with 85% of the evidence available.

Dodla Dairy Ltd scores 47.2 out of 100 against the 8 companies it is compared with in FMCG - Dairy Products, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 15.7 + 11.9 + 11.6 + 8 = 47.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Dodla Dairy ranks 5 of 8 FMCG - Dairy Products companies on the 4-Factor Sector Score, with 47.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: FMCG - Dairy Products, all 8 compared on one page.

Dodla Dairy is the 3rd largest of 8 FMCG - Dairy Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Nestle India and Hatsun Agro Product. Just below it: Vadilal Industries, Heritage Foods, Parag Milk Foods and Vadilal Enterprises.

FMCG - Dairy Products companies close in size

1. Nestle India Ltd ₹2,25,034 crore
2. Hatsun Agro Product Ltd ₹22,175 crore
3. Dodla Dairy Ltd ₹5,909 crore
4. Vadilal Industries Ltd ₹5,387 crore
5. Heritage Foods Ltd ₹3,298 crore
6. Parag Milk Foods Ltd ₹2,929 crore
7. Vadilal Enterprises Ltd ₹823 crore

All 8 FMCG - Dairy Products companies, largest first

Companies close in size in other industries

768. Sheela Foam Ltd ₹5,925 crore · Mattress
769. Powerica Ltd ₹5,912 crore · Electric Equipment - Gensets/Turbines
770. Dodla Dairy Ltd ₹5,909 crore
771. Centum Electronics Ltd ₹5,894 crore · EMS
772. Indian Metals & Ferro Alloys Ltd ₹5,887 crore · Mining/Minerals

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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