# Dodla Dairy share price today (Dodla Dairy Ltd, NSE: DODLA)

> Dodla Dairy share price today: ₹985.95 at the NSE close on 4 November 2026, down 17.8% in a year. Dodla Dairy (NSE: DODLA) is worth ₹5,951 crore, trades at a P/E of 27.3 and has closed between ₹971.40 and ₹1,279.80 over the past 52 weeks. > Dodla Dairy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. DODLA · FMCG - Dairy Products · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/dodla-dairy-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹985.95 (−17.8% in a year)
- P/E: 27.3× (lower than 61% of the last 5.3 years)
- Revenue (Sep 2026): ₹1,196 Cr (+17.4% on a year ago)
- Profit (Sep 2026): ₹37.0 Cr (−43.9% on a year ago)
- Operating margin: 5.0% (−4.0 points on a year ago)
- ROCE: 17%, FY26
- ROIC: 14.0%, against a 12.0% cost of capital: +2.0 points

The main question: domestic institutions moved +8.1 percentage points over 8 quarters while the business went the other way. ## What is the 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. 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. ## What changed at Dodla Dairy this quarter? 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. ## What are Dodla Dairy's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,196 crore | ₹1,019 crore | +17.4% |
| Profit | ₹37.0 crore | ₹66.0 crore | −43.9% |
| Earnings per share | ₹6.07 | ₹10.89 | −44.3% |
| Operating margin | 5.0% | 9.0% | −4.0 points |

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.)

## What is the Dodla Dairy share price history? 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹979.40 | +0.7% |
| 1 month ago · 1 Oct 2026 | ₹1,006.30 | −2.0% |
| 6 months ago · 8 May 2026 | ₹1,127.30 | −12.5% |
| 1 year ago · 7 Nov 2025 | ₹1,199.20 | −17.8% |
| 3 years ago · 3 Nov 2023 | ₹685.05 | +43.9% |
| 5 years ago · 4 Nov 2021 | ₹585.75 | +68.3% |
| Earliest weekly close in our records · 2 Jul 2021 | ₹576.15 | +71.1% |
| Highest weekly close since July 2021 · 5 Sep 2025 | ₹1,462.30 | −32.6% |
| Lowest weekly close since July 2021 · 25 Feb 2022 | ₹423.60 | +132.8% |
| 52-week high (weekly close) · 28 Nov 2025 | ₹1,279.80 | −23.0% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹971.40 | +1.5% |

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.)

## What is the latest news on Dodla Dairy? 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. ## What dividend does Dodla Dairy pay? 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 7 Jul 2026 | ₹5 | Dividend |
| 7 Jul 2025 | ₹2 | Dividend |
| 31 Oct 2024 | ₹3 | Interim |

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. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Dodla Dairy management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/6629-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What to watch in Dodla Dairy's next results? 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. - What to check (from the call)
- Consolidated margin to rebound to flagged Q3 band on full-quarter pricing flow-through - verify against Q3 print and mix. - Procurement cost to stay near peak without fresh inflation through next quarter - verify via spread and gross print. - Festive quarter to lift seasonally soft value-added lines led by ghee-sweets - verify via value-added share and curd volumes. ## Which stock lists is Dodla Dairy on? Dodla Dairy is not on any of our India lists this week. ## Is Dodla Dairy profitable? 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. 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. ## How much revenue does Dodla Dairy make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Dodla Dairy keep? 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. 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. ## Is Dodla Dairy's profit turning into cash? 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. 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. ## Where does Dodla Dairy's cash go? 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. 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. ## What is Dodla Dairy's P/E ratio, and how does it compare with its own history? 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. 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. ## Is the Dodla Dairy business getting better or worse? 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. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Dodla Dairy earn on its capital? 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). 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. ## Does Dodla Dairy have too much debt? 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. ## What is the Dodla Dairy shareholding pattern? 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. 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. ## How far is Dodla Dairy from balance-sheet trouble? 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. ## How does Dodla Dairy rank in its industry? 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. ## Which companies is Dodla Dairy compared with? Dodla Dairy ranks 5 of 8 FMCG - Dairy Products companies on the 4-Factor Sector Score, with 47.2 out of 100. 1. [Vadilal Industries Ltd](https://www.sectoralpha.in/stocks/vadilal-industries-ltd) VADILALIND · leader · Most evidence points up · 85% evidence 76.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 35.5% · Profit 79.8% · Operating margin change 3 points · 100% evidence Capital efficiency 18.7/25 · ROCE 22% · Operating margin 18% · 100% evidence Valuation 14.5/20 · P/E 22.4× · PEG 0.43 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 38% · 1 year 41% · 25% evidence · 12 of 12 weeks ahead Exact sum: 30.4 + 18.7 + 14.5 + 12.5 = 76.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Nestle India Ltd](https://www.sectoralpha.in/stocks/nestle-india-ltd) NESTLEIND · quiet · Evidence leans up · 100% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 21.7% · Profit 38.1% · Operating margin change 2 points · 100% evidence Capital efficiency 24.4/25 · ROCE 84.1% · Operating margin 24% · 100% evidence Valuation 8.4/20 · P/E 55.8× · PEG 2.82 · 100% evidence Relative strength 0.0/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -8.5% · 1 year -8.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.5 + 24.4 + 8.4 + 0 = 60.3 · What this means: Earnings are strong; relative strength in its sector is -14.5% and the one-year return is -8.2%. 3. [Vadilal Enterprises Ltd](https://www.sectoralpha.in/stocks/vadilal-enterprises-ltd) VADILENT · turning · Evidence leans up · 78% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.6/35 · Revenue 32.8% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 15.0/25 · ROCE 24.8% · Operating margin 6% · 100% evidence Valuation 8.1/20 · P/E 54× · PEG 1.94 · 65% evidence Relative strength 10.7/20 · Lead over its industry n/a · Lead over NIFTY 500 0.7% · 1 year -7.9% · 25% evidence · 3 of 5 weeks ahead Exact sum: 25.6 + 15 + 8.1 + 10.7 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Hatsun Agro Product Ltd](https://www.sectoralpha.in/stocks/hatsun-agro-product-ltd) HATSUN · breaking out · Evidence leans down · 100% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 18.6% · Profit 5.8% · Operating margin change -2 points · 100% evidence Capital efficiency 14.2/25 · ROCE 15.2% · Operating margin 11% · 100% evidence Valuation 5.7/20 · P/E 61.4× · PEG 3.5 · 100% evidence Relative strength 14.8/20 · Lead over its industry -0.2% · Lead over NIFTY 500 6.3% · 1 year -9.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 14.4 + 14.2 + 5.7 + 14.8 = 49.1 · What this means: Relative strength against the index is 6.3%, and revenue and profit growth are weak. 5. Dodla Dairy Ltd this page DODLA · turning · Evidence leans down · 85% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 17.1% · Profit -16.9% · Operating margin change -4 points · 100% evidence Capital efficiency 11.9/25 · ROCE 16.7% · Operating margin 5% · 100% evidence Valuation 11.6/20 · P/E 27.1× · PEG 1.75 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.4% · 1 year -24.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 15.7 + 11.9 + 11.6 + 8 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Parag Milk Foods Ltd](https://www.sectoralpha.in/stocks/parag-milk-foods-ltd) PARAGMILK · breaking out · Evidence leans down · 81% evidence 45.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 10.9% · Profit 9.2% · Operating margin change 0 points · 88% evidence Capital efficiency 6.5/25 · ROCE 13.4% · Operating margin 7% · 100% evidence Valuation 15.3/20 · P/E 21.7× · PEG 0.65 · 100% evidence Relative strength 9.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.7% · 1 year -25.2% · 25% evidence · 8 of 12 weeks ahead Exact sum: 13.5 + 6.5 + 15.3 + 9.9 = 45.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Heritage Foods Ltd](https://www.sectoralpha.in/stocks/heritage-foods-ltd) HERITGFOOD · breaking out · Evidence leans down · 100% evidence 35.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.3/35 · Revenue 13.9% · Profit -33.5% · Operating margin change -1 points · 100% evidence Capital efficiency 9.8/25 · ROCE 14.8% · Operating margin 6% · 100% evidence Valuation 9.1/20 · P/E 29× · PEG 1.33 · 100% evidence Relative strength 7.8/20 · Lead over its industry -7.1% · Lead over NIFTY 500 -1% · 1 year -26.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 8.3 + 9.8 + 9.1 + 7.8 = 35 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Kwality Ltd](https://www.sectoralpha.in/stocks/kwality-ltd) KWALITY · Too little evidence to rank firmly · 17% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/43.75 · Revenue -27.3% · Profit -80% · Operating margin change n/a · 16% evidence Capital efficiency 8.5/31.25 · ROCE -190% · Operating margin -2.3% · 46% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 20.2 + 8.5 + 12.5 = 41.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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](https://www.sectoralpha.in/sectors/fmcg-dairy-products), all 8 compared on one page. ## Which companies are close to Dodla Dairy in size? 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](https://www.sectoralpha.in/stocks/nestle-india-ltd) ₹2,25,034 crore
2. [Hatsun Agro Product Ltd](https://www.sectoralpha.in/stocks/hatsun-agro-product-ltd) ₹22,175 crore
3. Dodla Dairy Ltd ₹5,909 crore
4. [Vadilal Industries Ltd](https://www.sectoralpha.in/stocks/vadilal-industries-ltd) ₹5,387 crore
5. [Heritage Foods Ltd](https://www.sectoralpha.in/stocks/heritage-foods-ltd) ₹3,298 crore
6. [Parag Milk Foods Ltd](https://www.sectoralpha.in/stocks/parag-milk-foods-ltd) ₹2,929 crore
7. [Vadilal Enterprises Ltd](https://www.sectoralpha.in/stocks/vadilal-enterprises-ltd) ₹823 crore

[All 8 FMCG - Dairy Products companies, largest first](https://www.sectoralpha.in/sectors/fmcg-dairy-products#all-companies)

### Companies close in size in other industries

1. [Sheela Foam Ltd](https://www.sectoralpha.in/stocks/sheela-foam-ltd) ₹5,925 crore · Mattress
2. [Powerica Ltd](https://www.sectoralpha.in/stocks/powerica-ltd) ₹5,912 crore · Electric Equipment - Gensets/Turbines
3. Dodla Dairy Ltd ₹5,909 crore
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## What else do people ask about Dodla Dairy? ### What is Dodla Dairy's share price today? Dodla Dairy Ltd's share price is ₹985.95, −17.8% over the past year. The whole company is worth ₹5,951 Cr on the market. In the last 52 weeks it traded between ₹971 to ₹1,280; today it is 5% of the way up from the low, 9.7% below its 200-day average (as of 4 November 2026). ### What were Dodla Dairy's latest quarterly results? Dodla Dairy Ltd reported revenue of ₹1,196 Cr and net profit of ₹37.0 Cr for the Sep 2026 quarter. Revenue rose 17.4% and profit fell 43.9% compared with a year earlier. Earnings per share were ₹6.07. The operating margin was 5.0%, 4.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Dodla Dairy's market cap? Dodla Dairy Ltd's market capitalisation is ₹5,951 Cr at a share price of ₹985.95. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Dodla Dairy performing? Dodla Dairy Ltd's share price has been falling for 46 weeks. In its latest quarter, revenue rose 17.4% and profit fell 43.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running (as of 4 November 2026). ### Will Dodla Dairy's share price go up? This page does not forecast Dodla Dairy Ltd's share price. What it shows instead: the share price is ₹985.95, and it has been falling for 46 weeks. Its P/E of 27.3× is higher than 39% of its own last 5 years (as of 4 November 2026). ### Who owns Dodla Dairy? Promoters own 58.9% of Dodla Dairy Ltd, foreign institutions 6.1%, domestic institutions 26.1% and the public 8.9% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 8.1 percentage points over 8 quarters (as of 4 November 2026). ### Does Dodla Dairy have too much debt? No, Dodla Dairy Ltd has little debt: its debt is 0.03× its equity, and its operating profit is 78 times its interest bill. FY26 borrowings were ₹57.0 Cr against equity of ₹1,674 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Dodla Dairy in its business cycle? Dodla Dairy Ltd's FY26 operating margin was 8.0%, against a 9-year range of 7.0% to 13.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 5.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Dodla Dairy story? The main question: domestic institutions moved +8.1 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Dodla Dairy a stock worth studying right now? What the numbers show: Dodla Dairy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Dodla Dairy share price forecast for 2026? What management itself guided: October-December quarter consolidated operating profit 7.5% to 8% on September hikes, continuing thereafter barring major shifts. This is research, not advice. We’re not SEBI-registered.