| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,196 | 1,019 | +17.4% |
| EBITDA | 64.1 | 92.8 | −30.9% |
| EBITDA margin | 5.4% | 9.1% | −3.7 pts |
| Profit before tax | 50.6 | 82.8 | −38.9% |
| Net profit | 36.6 | 65.7 | −44.3% |
| EPS | ₹6.06 | ₹10.89 | −44.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 5,826 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 396 | 407 | 721 | 287 | 265 | ||
| 29.8 | 29.8 | 42.4 | 45.8 | 21.6 | ||
| 5,459 | — | — | — | — | ||
| 4,493 | 4,125 | 3,720 | 3,125 | 2,812 | ||
| — | +10.9% | +19.0% | +11.1% | — | ||
| 262 | 308 | 381 | 289 | 191 | ||
| 5.8% | 7.5% | 10.2% | 9.2% | 6.8% | ||
| 172 | 226 | 306 | 219 | 130 | ||
| 216 | 267 | 260 | 167 | 122 | ||
| 4.8% | 6.5% | 7.0% | 5.3% | 4.4% | ||
| ₹35.75 | ₹44.26 | ₹43.09 | ₹27.64 | ₹20.27 | ||
| — | +2.7% | +55.9% | +36.4% | — | ||
| — | 295 | 520 | −0.7 | 161 | ||
| — | −162 | −110 | −107 | −108 | ||
| 133 | 133 | 410 | −107 | 52.3 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 5,825.9 | |
| - Cash, Equiv & ST Investments | 265.2 | 286.6 | 720.5 | 406.8 | 396.5 | |
| + Total Debt | 21.6 | 45.8 | 42.4 | 29.8 | 29.8 | |
| Enterprise Value | — | — | — | — | 5,459.2 | |
| Revenue | 2,812.0 | 3,125.5 | 3,720.1 | 4,125.2 | 4,493.5 | |
| Growth %, YoY | — | +11.1 | +19.0 | +10.9 | — | |
| EBITDA | 191.3 | 288.8 | 380.8 | 308.5 | 262.1 | |
| Margin % | 6.80 | 9.24 | 10.24 | 7.48 | 5.83 | |
| EBIT | 130.1 | 218.8 | 306.2 | 226.1 | 171.8 | |
| Net Income | 122.3 | 166.7 | 259.9 | 267.0 | 215.7 | |
| Margin % | 4.35 | 5.33 | 6.99 | 6.47 | 4.80 | |
| EPS, Adj (current shares) | 20.27 | 27.64 | 43.09 | 44.26 | 35.75 | |
| Growth %, YoY | — | +36.4 | +55.9 | +2.7 | — | |
| Cash from Operations | 160.8 | -0.7 | 519.8 | 294.9 | — | |
| Capital Expenditures | -108.5 | -106.5 | -110.0 | -162.0 | — | |
| Free Cash Flow | 52.3 | -107.3 | 409.8 | 132.9 | 132.9 | |
Prices at the previous close · figures from the company's filings with NSE
Dodla Dairy (NSE: DODLA) had a market capitalisation of ₹5,826 crore at the previous close (₹965.70 a share), a PE ratio of 27.0 on the last four quarters' profit and a price-to-book ratio of 3.38. In FY26 its consolidated net profit was ₹267 crore on revenue of ₹4,125 crore; in Q2 FY27 (July–September 2026) it was ₹36.6 crore, down 44.3% year on year. Its debt-to-equity ratio was 0.03 on 30 September 2026. Promoters held 58.92% of the shares on 30 September 2026.
Dodla Dairy's PE ratio is 27.0 at the previous close (₹965.70 a share): a market capitalisation of ₹5,826 crore divided by consolidated net profit of ₹216 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹267 crore) it is 21.8.
Dodla Dairy's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,722 crore on 30 September 2026, up 12.4% from ₹1,531 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹5,826 crore at the previous close.
Dodla Dairy's book value per share was ₹285.37 on 30 September 2026: shareholders' equity of ₹1,722 crore divided by the 6.03 crore shares in issue, up 12.4% from ₹253.80 a year earlier. The share price at the previous close was ₹965.70.
Dodla Dairy's price-to-book (PB) ratio is 3.38 at the previous close: a market capitalisation of ₹5,826 crore divided by shareholders' equity (book value) of ₹1,722 crore on 30 September 2026. That is a book value of ₹285.37 per share against a share price of ₹965.70.
No. Dodla Dairy had borrowings of ₹44.5 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.03. Its cash and current investments were ₹560 crore, so it held net cash of ₹516 crore.
In FY26, Dodla Dairy's return on equity (ROE) was 17.3% and its return on capital employed (ROCE) was 13.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 20.4% and ROCE 22.7%.
Dodla Dairy's market capitalisation was ₹5,826 crore at the previous close: 6.03 crore shares at ₹965.70 each.
Dodla Dairy's basic earnings per share (EPS) were ₹44.26 in FY26, against ₹43.27 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹35.75.
In 2026, Dodla Dairy has declared one dividend: ₹5 with record date 7 July 2026.
Dodla Dairy's debt-to-equity ratio was 0.03 on 30 September 2026: borrowings of ₹44.5 crore against total equity of ₹1,722 crore. A year earlier, on 30 September 2025, it was 0.02.
Dodla Dairy's dividend yield is 0.52% at the previous close: dividends of ₹5 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹965.70. They were ₹5 on 7 July 2026.
Promoters held 58.92% of Dodla Dairy on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Dodla Dairy's shares were held by promoters 58.92%, foreign portfolio investors (FII/FPI) 6.06%, domestic institutions (DII) 26.09% (including mutual funds at 23.98%) and retail and other non-institutional investors 8.94%. Over the year, FII holding was down 2.85 percentage points from 8.91% and DII holding was up 4.59 percentage points from 21.50%.
Dodla Dairy's latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹36.6 crore, down 44.3% from ₹65.7 crore in Q2 FY26; revenue from operations ₹1,196 crore, up 17.4% year on year.
In FY26 (April 2025–March 2026), Dodla Dairy's consolidated net profit was ₹267 crore, up 2.7% from ₹260 crore in FY25, on revenue from operations of ₹4,125 crore (up 10.9%). Over three years, from FY23, net profit was up 118.3%.
In FY26, Dodla Dairy generated ₹295 crore of cash from operations and spent ₹162 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹133 crore. In FY25 it was ₹410 crore.
Dodla Dairy has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Dodla Dairy earned net profit of ₹267 crore on revenue of ₹4,125 crore, against ₹170 crore on ₹1,503 crore for Vadilal Industries. Dodla Dairy's operating margin was 5.5% (Vadilal Industries 13.3%) and its return on equity 17.3% (Vadilal Industries 22.0%).
On FY26 consolidated figures, against Vadilal Industries, Kwality Wall's and Parag Milk Foods: Dodla Dairy's operating margin of 5.5% is the second highest of the four (Vadilal Industries 13.3%, Kwality Wall's −12.6%, Parag Milk Foods 4.9%; peer average 1.9%); its return on equity of 17.3% is the second highest of the four (Vadilal Industries 22.0%, Kwality Wall's −54.9%, Parag Milk Foods 11.8%; peer average −7.0%).
From Dodla Dairy's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.