Dodla DairyNSE:DODLA -0.69%89 Gross Margin % is 22.96% as of Mar. 2026, which is 6% below its 10-year median of 24.48. GuruFocus rates NSE:DODLA with a GF Score™ of 89/100 and a GF Value™ of ₹1,332.68 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 305 Retail - Defensive companies, Dodla Dairy ranks better than 56.07% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Dodla Dairy's Gross Profit for the
three
months ended in Mar. 2026 was ₹2,467 Mil. Dodla Dairy's Revenue for the
three
months ended in Mar. 2026 was ₹10,745 Mil. Therefore, Dodla Dairy's Gross Margin % for the quarter that ended in Mar. 2026 was 22.96%.
Warning Sign:
Dodla Dairy Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.2%.
The historical rank and industry rank for Dodla Dairy's Gross Margin % or its related term are showing as below:
NSE:DODLA'
s Gross Margin % Range Over the Past 10 Years
Min: 19.17 Med: 24.48 Max: 29.45
Current: 25.57
During the past 9 years, the highestGross Margin % of Dodla Dairy was 29.45%. The lowest was 19.17%. And the median was 24.48%.
NSE:DODLA's Gross Margin % is ranked better than 56.07% of 305
companies
in the Retail - Defensive industry
Industry Median: 24.08
vs NSE:DODLA: 25.57
Dodla Dairy had a gross margin of 22.96% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Dodla Dairy was -2.20% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Dodla Dairy had a gross margin of 22.96% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Dodla Dairy Gross Margin % Related Terms
Dodla Dairy Gross Margin % Historical Data
* Premium members only.
The historical data trend for Dodla Dairy's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:DODLA vs SYY, USFD, PFGC: Gross Margin % Comparison
For the Food Distribution subindustry, Dodla Dairy's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dodla Dairy Gross Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Dodla Dairy's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Dodla Dairy's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Dodla Dairy (NSE:DODLA) has a Gross Margin % of 22.96% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Dodla Dairy and its competitors. This is near median its historical median of 24.48. Over the past decade, Dodla Dairy's Gross Margin % has ranged from 19.17 to 29.45. According to the industry distribution chart, Dodla Dairy ranks #134 out of 305 companies in the Retail - Defensive industry, placing it in the top 43.9%.
Is Dodla Dairy's Gross Margin % too high?
Dodla Dairy's current Gross Margin % of 22.96% is near median its 10-year median of 24.48. Over the past 10 years, this metric has ranged from a low of 19.17 to a high of 29.45. The Retail - Defensive industry median Gross Margin % is 24.08. Dodla Dairy's value of 22.96% is 4.7% below this industry median. Based on the distribution chart, Dodla Dairy ranks #134 out of 305 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Dodla Dairy has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dodla Dairy's Gross Margin % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Dodla Dairy ranks #134 out of 305 companies for Gross Margin %. This puts Dodla Dairy in the upper half of its industry. The industry median Gross Margin % is 24.08. Dodla Dairy's value of 22.96% is 4.7% below this benchmark. Historically, Dodla Dairy's own Gross Margin % has ranged from 19.17 to 29.45 over the past decade. While the company's 10-year median is 24.48 vs. the industry median of 24.08, Dodla Dairy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.08, based on 305 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dodla Dairy's current Gross Margin % of 22.96% is 4.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Dodla Dairy and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dodla Dairy's current Gross Margin % is 22.96%, which is near median its own 10-year median of 24.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dodla Dairy stock overvalued right now?
Based on GuruFocus' analysis, Dodla Dairy (NSE:DODLA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,332.68, compared to a current price of ₹1,146.70 — trading 14% below its estimated fair value. The current Gross Margin % is 22.96%, which is near median its 10-year median of 24.48 and 4.7% below the Retail - Defensive industry median of 24.08. Dodla Dairy's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Dodla Dairy (NSE:DODLA), the current Gross Margin % is 22.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dodla Dairy (NSE:DODLA) Overvalued in 2026?
Based on GuruFocus' analysis, Dodla Dairy stock appears to be undervalued.
The current stock price of ₹1,146.70 is trading 14% below its estimated GF Value™ of ₹1,332.68.
GuruFocus considers Dodla Dairy to be Modestly Undervalued.
Key valuation signals for NSE:DODLA:
Gross Margin %: 22.96% (near median its 10-year median of 24.48)
GF Value™: ₹1,332.68 vs. price of ₹1,146.70 (14% below fair value)
Industry Position: 4.7% below the Retail - Defensive median (#134 of 305)
No single metric tells the full story. See the NSE:DODLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dodla Dairy Ltd is an integrated dairy company based in south India. The company is engaged in one business segment namely the Food segment. It offers a range of milk products comprising of Fresh Milk, Butter, Ghee, Paneer, Curd, Flavoured Milk, Doodh Peda, Ice Cream, and Skimmed Milk Powder. The group sells the products in India and Outside India, of which key revenue is derived from India.
89GF Score
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