Dodla Dairy Limited

NSEI:DODLA Stock Report

Market Cap: ₹65.4b

Dodla Dairy Past Earnings Performance

Past criteria checks 2/6

Dodla Dairy has been growing earnings at an average annual rate of 20.3%, while the Food industry saw earnings growing at 16.3% annually. Revenues have been growing at an average rate of 14.8% per year. Dodla Dairy's return on equity is 15.9%, and it has net margins of 6.5%.

Key information

20.32%

Earnings growth rate

19.34%

EPS growth rate

Food Industry Growth17.61%
Revenue growth rate14.79%
Return on equity15.95%
Net Margin6.47%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update Jun 04

DODLA: Dividend Policy And Margin Outlook Will Support Long Term Earnings

The analyst price target for Dodla Dairy has been revised from ₹1,481.25 to ₹1,305.00. Analysts point to updated assumptions around slightly lower revenue growth, modestly higher profit margins and a reduced future P/E multiple as the key drivers of this change.
New Narrative May 23

Africa Expansion And Value Added Mix Will Shape A Cautious Outlook

Catalysts About Dodla Dairy Dodla Dairy is a dairy company that procures milk, processes it and sells liquid milk and a range of value added dairy products across India and selected African markets. What are the underlying business or industry changes driving this perspective?
Analysis Article May 21

Earnings Beat: Dodla Dairy Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

A week ago, Dodla Dairy Limited ( NSE:DODLA ) came out with a strong set of full-year numbers that could potentially...
Analysis Article May 15

Here's Why We Think Dodla Dairy (NSE:DODLA) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update Apr 28

DODLA: April Board Decisions Will Support Confidence In Long Term Earnings

Analysts have trimmed their price target on Dodla Dairy slightly, bringing it down by ₹12.50 to ₹1,481.25. This reflects small adjustments to long term revenue growth, profit margin assumptions and the future P/E multiple.
Narrative Update Apr 12

DODLA: January Board Review Will Reinforce Confidence In Earnings Trajectory

Analysts have kept the price target for Dodla Dairy broadly unchanged at ₹1,493.75, citing slightly adjusted expectations for revenue growth, profit margin, and forward P/E assumptions within their valuation models. What's in the News Board meeting scheduled on Jan 27, 2026, to review and approve unaudited standalone financial results for the quarter ended 31 Dec 2025, along with the statutory auditor's limited review report (company filing).
Narrative Update Mar 28

DODLA: January Results Review Will Support Confidence In Earnings Trajectory

The analyst price target for Dodla Dairy remains steady at ₹1,493.75, as analysts consider current assumptions on growth, margins and future P/E to be appropriate and have not identified new factors that would change their valuation framework. What's in the News A board meeting is scheduled for Jan 27, 2026 to consider and approve the unaudited standalone financial results for the quarter ended Dec 31, 2025, along with the statutory auditor's limited review report (Key Developments).
Narrative Update Mar 13

DODLA: December Board Review Will Reinforce Confidence In Earnings Trajectory

Analysts have left their price target for Dodla Dairy unchanged at ₹1,493.75, indicating that slightly adjusted assumptions on revenue growth, profit margins and future P/E multiples are still considered consistent with the existing valuation level. What's in the News Board meeting scheduled for January 27, 2026, to review and approve the unaudited standalone financial results for the quarter ended December 31, 2025, along with the statutory auditor's Limited Review Report (company filing).
Narrative Update Feb 26

DODLA: Upcoming Board Review Of December Results Will Support Bullish Outlook

Analysts have kept their price target for Dodla Dairy unchanged at ₹1,493.75. This reflects steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E.
Narrative Update Feb 12

DODLA: Upcoming Results Review Will Support Confident Long Term Outlook

Analysts have trimmed their price target on Dodla Dairy slightly from ₹1,507.50 to ₹1,493.75, reflecting modest tweaks to their discount rate and future P/E assumptions while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Board meeting scheduled on January 27, 2026, to consider and approve the unaudited standalone financial results for the quarter ended December 31, 2025, along with the Limited Review Report of the Statutory Auditor.
Analysis Article Jan 30

Dodla Dairy Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Last week saw the newest third-quarter earnings release from Dodla Dairy Limited ( NSE:DODLA ), an important milestone...
Narrative Update Jan 29

DODLA: Postal Ballot Decision On Independent Director Will Support Bullish Outlook

Analysts have trimmed their price target for Dodla Dairy from ₹1,603 to ₹1,508. This reflects slightly more conservative assumptions on revenue growth, profit margins and future P/E multiples.
Analysis Article Nov 29

With EPS Growth And More, Dodla Dairy (NSE:DODLA) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Nov 07

Estimating The Fair Value Of Dodla Dairy Limited (NSE:DODLA)

Key Insights Dodla Dairy's estimated fair value is ₹1,024 based on 2 Stage Free Cash Flow to Equity Dodla Dairy's...
Analysis Article Sep 05

There's Reason For Concern Over Dodla Dairy Limited's (NSE:DODLA) Price

Dodla Dairy Limited's ( NSE:DODLA ) price-to-earnings (or "P/E") ratio of 33.9x might make it look like a sell right...
New Narrative Aug 20

Urbanization And Diversification Will Expand Indian Dairy Demand

Key Takeaways Expansion into value-added products and new regions diversifies revenue streams and strengthens long-term growth prospects. Investments in automation, logistics, and efficiency measures are set to boost profitability and stabilize margins despite seasonal fluctuations.
Analysis Article Jul 08

Here's Why Shareholders May Want To Be Cautious With Increasing Dodla Dairy Limited's (NSE:DODLA) CEO Pay Packet

Key Insights Dodla Dairy to hold its Annual General Meeting on 14th of July Salary of ₹35.0m is part of CEO Busireddy...
Analysis Article Jun 27

Is Dodla Dairy (NSE:DODLA) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 27

Statutory Profit Doesn't Reflect How Good Dodla Dairy's (NSE:DODLA) Earnings Are

When companies post strong earnings, the stock generally performs well, just like Dodla Dairy Limited's ( NSE:DODLA...
Analysis Article May 22

Dodla Dairy Limited (NSE:DODLA) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

It's been a good week for Dodla Dairy Limited ( NSE:DODLA ) shareholders, because the company has just released its...
Analysis Article May 21

Should You Be Adding Dodla Dairy (NSE:DODLA) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Apr 15

Dodla Dairy (NSE:DODLA) Is Achieving High Returns On Its Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Mar 07

Is Dodla Dairy (NSE:DODLA) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Feb 04

Results: Dodla Dairy Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Shareholders of Dodla Dairy Limited ( NSE:DODLA ) will be pleased this week, given that the stock price is up 14% to...
Analysis Article Feb 01

Calculating The Intrinsic Value Of Dodla Dairy Limited (NSE:DODLA)

Key Insights Dodla Dairy's estimated fair value is ₹972 based on 2 Stage Free Cash Flow to Equity With ₹1,135 share...
Analysis Article Jan 14

Does Dodla Dairy (NSE:DODLA) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Dec 27

Why The 21% Return On Capital At Dodla Dairy (NSE:DODLA) Should Have Your Attention

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article Oct 26

Dodla Dairy Limited Just Recorded A 6.2% Revenue Beat: Here's What Analysts Think

Last week, you might have seen that Dodla Dairy Limited ( NSE:DODLA ) released its quarterly result to the market. The...
Analysis Article Sep 18

Investors Continue Waiting On Sidelines For Dodla Dairy Limited (NSE:DODLA)

With a median price-to-earnings (or "P/E") ratio of close to 35x in India, you could be forgiven for feeling...
Analysis Article Mar 06

Dodla Dairy Limited's (NSE:DODLA) Earnings Haven't Escaped The Attention Of Investors

With a price-to-earnings (or "P/E") ratio of 38.9x Dodla Dairy Limited ( NSE:DODLA ) may be sending bearish signals at...
Analysis Article Jan 31

Dodla Dairy Limited Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next

Dodla Dairy Limited ( NSE:DODLA ) just released its latest third-quarter report and things are not looking great. Dodla...
Analysis Article Jan 18

These 4 Measures Indicate That Dodla Dairy (NSE:DODLA) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Oct 28

We Think That There Are Some Issues For Dodla Dairy (NSE:DODLA) Beyond Its Promising Earnings

Dodla Dairy Limited's ( NSE:DODLA ) robust recent earnings didn't do much to move the stock. However the statutory...
Analysis Article Jul 21

Dodla Dairy's (NSE:DODLA) Returns On Capital Not Reflecting Well On The Business

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Revenue & Expenses Breakdown

How Dodla Dairy makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:DODLA Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2641,2522,6702,0100
31 Dec 2539,6042,6522,3840
30 Sep 2538,3652,6012,2630
30 Jun 2538,1532,5782,1610
31 Mar 2537,2012,5992,0840
31 Dec 2435,9792,3881,7800
30 Sep 2434,4352,1661,7140
30 Jun 2432,1361,9681,6560
31 Mar 2431,2551,6671,6100
31 Dec 2330,6231,4241,5020
30 Sep 2329,9091,3651,4820
30 Jun 2329,1851,3231,4370
31 Mar 2328,1201,2231,3710
31 Dec 2226,7751,4021,2910
30 Sep 2225,7721,3171,2310
30 Jun 2224,4831,2171,1900
31 Mar 2222,4341,3281,1630
31 Dec 2121,8411,0191,1080
30 Sep 2121,0611,1671,0860
30 Jun 2120,0071,2989330
31 Mar 2119,4401,2601,0100
31 Mar 2021,3944991,0500
31 Mar 1916,9176309310
31 Mar 1815,9055717660
31 Mar 1714,4004536840
31 Mar 1612,0095285900

Quality Earnings: DODLA has high quality earnings.

Growing Profit Margin: DODLA's current net profit margins (6.5%) are lower than last year (7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: DODLA's earnings have grown significantly by 20.3% per year over the past 5 years.

Accelerating Growth: DODLA's earnings growth over the past year (2.7%) is below its 5-year average (20.3% per year).

Earnings vs Industry: DODLA earnings growth over the past year (2.7%) did not outperform the Food industry 13.7%.


Return on Equity

High ROE: DODLA's Return on Equity (15.9%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 04:10
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Dodla Dairy Limited is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nandan ChakrabortyDAM Capital Advisors
Sanjay ManyalDAM Capital Advisors
Aniruddha JoshiICICI Securities Ltd.