3 Basmati Rice Exporter, Diversified Agribusiness and Regional Dairy Company Stocks With a Strong Future Roadmap: LT Foods, Godrej Agrovet and Dodla Dairy
- October 28, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
LT Foods, Godrej Agrovet and Dodla Dairy: ROE of 13.8% to 23.3% and FY22 to FY26 revenue CAGR of 5.4% to 19.3%. Prices as of 27 Oct 2026.
Quick Answer
The three rice, agribusiness and dairy stocks to watch are LT Foods, Godrej Agrovet and Dodla Dairy. Their return on equity ranges from 13.8% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 19.3%. Godrej Agrovet has the highest return on equity at 23.3%, while LT Foods has the fastest revenue growth at 19.3% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Rice, agribusiness and dairy stocks let investors follow companies that serve a growing part of the Indian economy. LT Foods, Godrej Agrovet and Dodla Dairy cover a basmati rice exporter, a diversified agribusiness and a regional dairy company.
This list covers three rice, agribusiness and dairy stocks with complete current figures: LT Foods, Godrej Agrovet and Dodla Dairy. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
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What Are Rice, Agribusiness and Dairy Stocks?
Rice, agribusiness and dairy stocks are listed food and agriculture companies that sell basmati and specialty rice, make animal feed and crop products and process milk into curd, ghee and ice cream. Their earnings depend on crop output, input costs and consumer demand.
Rice, Agribusiness and Dairy Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| LT Foods | 391.55 | 13,359 | 20.9 | 33.5 | 13.8 | 0.36 |
| Godrej Agrovet | 584.5 | 12,183 | 28.7 | 33.5 | 23.3 | 0.77 |
| Dodla Dairy | 989.3 | 6,064 | 24.8 | 33.9 | 15.9 | 0.03 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing rice, agribusiness and dairy stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Rice, Agribusiness and Dairy Stocks Have a Strong Roadmap in India?
Rice, agribusiness and dairy stocks have a strong roadmap in India because rising demand for premium rice, farm inputs and value-added dairy products keeps widening the market for Indian agri-food companies.
- Premium rice. Global buyers pay for branded basmati.
- Farm inputs. Feed and crop products serve rural demand.
- Dairy products. Curd, ghee and ice cream add value to milk.
Why LT Foods Features Among These Rice, Agribusiness and Dairy Stocks
Among the rice, agribusiness and dairy stocks on this list, LT Foods is a leading maker of basmati and other specialty rice, selling under brands such as Daawat and Royal in India and across global markets. It also sells organic and ready-to-heat foods.
In the June 2026 quarter, revenue grew 26.4% year on year to Rs 3,161 crore, while net profit rose 8.9% to Rs 183 crore. Revenue rose from Rs 5,451 crore in FY22 to Rs 11,023 crore in FY26, a compound annual growth rate of 19.3%.
Net profit grew from Rs 309 crore in FY22 to Rs 625 crore in FY26, which works out to a compound annual growth rate of 19.3%. The company has a return on equity of 13.8%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 13,359 crore. The stock trades at a P/E of 20.9, below the industry P/E of 33.5.
Roadmap: The company is expanding branded sales abroad and growing its organic and ready-to-eat range. Long-standing sourcing relationships with farmers support quality and supply.
What to watch: Follow branded rice volumes, international growth and ready-to-eat sales.
Why Godrej Agrovet Features Among These Rice, Agribusiness and Dairy Stocks
Among the basmati rice, animal feed and milk product shares on this list, Godrej Agrovet is a diversified agribusiness company with operations in animal feed, crop protection, oil palm, dairy and poultry products. It serves farmers across India.
The company has a return on equity of 23.3%, a debt to equity ratio of 0.77 and a market capitalisation of Rs 12,183 crore. The stock trades at a P/E of 28.7, below the industry P/E of 33.5.
Revenue rose from Rs 8,386 crore in FY22 to Rs 10,339 crore in FY26, a compound annual growth rate of 5.4%. Net profit grew from Rs 295 crore in FY23 to Rs 445 crore in FY26, which works out to a compound annual growth rate of 14.7%. In the June 2026 quarter, revenue grew 9.3% year on year to Rs 2,870 crore.
Roadmap: The company is expanding its crop protection range and oil palm plantations while its dairy and branded food businesses add consumer-facing growth. Deep farmer relationships support product adoption.
What to watch: Track volumes in animal feed, crop protection sales and progress in oil palm.
Why Dodla Dairy Features Among These Rice, Agribusiness and Dairy Stocks
Among the three companies on this list, Dodla Dairy, based in Hyderabad, procures milk from farmers and sells milk and value-added products such as curd, ghee and ice creams across South and East India, with operations in Africa.
Revenue rose from Rs 2,257 crore in FY22 to Rs 4,186 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 133 crore in FY22 to Rs 267 crore in FY26, which works out to a compound annual growth rate of 19.1%.
In the June 2026 quarter, revenue grew 18.3% year on year to Rs 1,212 crore. The company has a return on equity of 15.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 6,064 crore. The stock trades at a P/E of 24.8, below the industry P/E of 33.9.
Roadmap: The company is growing its value-added products, widening its geographic coverage and adding procurement strength. Value-added dairy brings better margins than plain milk, and a bigger farmer base secures supply.
What to watch: Track milk procurement prices and the growth in value-added products.
LT Foods vs Godrej Agrovet vs Dodla Dairy on Key Financials
The table below sets the three rice, agribusiness and dairy stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| LT Foods | 5,451 | 11,023 | 19.3% | 625 | 5.7% |
| Godrej Agrovet | 8,386 | 10,339 | 5.4% | 445 | 4.3% |
| Dodla Dairy | 2,257 | 4,186 | 16.7% | 267 | 6.4% |
Godrej Agrovet posts the highest return on equity in this group at 23.3%. LT Foods combines the largest FY26 revenue at Rs 11,023 crore with the fastest revenue growth, a 19.3% compound annual rate. A useful habit with rice, agribusiness and dairy stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| LT Foods | 2,501 | 3,161 | 26.4% |
| Godrej Agrovet | 2,626 | 2,870 | 9.3% |
| Dodla Dairy | 1,024 | 1,212 | 18.3% |
Key Risks to Check Before Investing in Rice, Agribusiness and Dairy Stocks
Every theme carries risks that deserve a check before any decision. For these rice, agribusiness and dairy stocks, the main points are: Long-term basmati rice, animal feed and milk product shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Monsoon and farm output. Crop and feed demand can vary with the season.
- Raw material costs. Ingredient and packaging prices can move margins.
- Competition. Rivals can influence pricing and market share.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter rice, agribusiness and dairy stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Rice, Agribusiness and Dairy Stocks
Rice, agribusiness and dairy stocks reward investors who follow demand trends, order books and margins together. LT Foods, Godrej Agrovet and Dodla Dairy each have a clear plan to grow. Based on the 27 October 2026 close, LT Foods trades at Rs 391.55, Godrej Agrovet at Rs 584.5 and Dodla Dairy at Rs 989.3.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are rice, agribusiness and dairy stocks?
Ans. Rice, agribusiness and dairy stocks are listed food and agriculture companies that sell basmati and specialty rice, make animal feed and crop products and process milk into curd, ghee and ice cream. Their earnings depend on crop output, input costs and consumer demand. This list looks at three of them, LT Foods, Godrej Agrovet and Dodla Dairy, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which rice, agribusiness and dairy stocks are covered in this list?
Ans. This list covers LT Foods, Godrej Agrovet and Dodla Dairy. Based on the 27 October 2026 close, LT Foods traded at Rs 391.55, Godrej Agrovet at Rs 584.5 and Dodla Dairy at Rs 989.3. Their return on equity ranges from 13.8% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 19.3%.
Why do rice, agribusiness and dairy stocks have a strong future roadmap in India?
Ans. Rice, agribusiness and dairy stocks have a strong roadmap in India because rising demand for premium rice, farm inputs and value-added dairy products keeps widening the market for Indian agri-food companies. The main drivers are as follows. Premium rice. Global buyers pay for branded basmati. Farm inputs. Feed and crop products serve rural demand. Dairy products. Curd, ghee and ice cream add value to milk. Together these factors give the companies on this list a visible path for growth over the coming years.
How has LT Foods performed financially?
Ans. Revenue rose from Rs 5,451 crore in FY22 to Rs 11,023 crore in FY26, a compound annual growth rate of 19.3%. Net profit grew from Rs 309 crore in FY22 to Rs 625 crore in FY26, which works out to a compound annual growth rate of 19.3%. In the June 2026 quarter, revenue grew 26.4% year on year to Rs 3,161 crore, while net profit rose 8.9% to Rs 183 crore. The company has a return on equity of 13.8%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 13,359 crore. The stock trades at a P/E of 20.9, below the industry P/E of 33.5. Looking ahead, the company is expanding branded sales abroad and growing its organic and ready-to-eat range. Long-standing sourcing relationships with farmers support quality and supply.
How has Godrej Agrovet performed financially?
Ans. Revenue rose from Rs 8,386 crore in FY22 to Rs 10,339 crore in FY26, a compound annual growth rate of 5.4%. Net profit grew from Rs 295 crore in FY23 to Rs 445 crore in FY26, which works out to a compound annual growth rate of 14.7%. In the June 2026 quarter, revenue grew 9.3% year on year to Rs 2,870 crore. The company has a return on equity of 23.3%, a debt to equity ratio of 0.77 and a market capitalisation of Rs 12,183 crore. The stock trades at a P/E of 28.7, below the industry P/E of 33.5. Looking ahead, the company is expanding its crop protection range and oil palm plantations while its dairy and branded food businesses add consumer-facing growth. Deep farmer relationships support product adoption.
How has Dodla Dairy performed financially?
Ans. Revenue rose from Rs 2,257 crore in FY22 to Rs 4,186 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 133 crore in FY22 to Rs 267 crore in FY26, which works out to a compound annual growth rate of 19.1%. In the June 2026 quarter, revenue grew 18.3% year on year to Rs 1,212 crore. The company has a return on equity of 15.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 6,064 crore. The stock trades at a P/E of 24.8, below the industry P/E of 33.9. Looking ahead, the company is growing its value-added products, widening its geographic coverage and adding procurement strength. Value-added dairy brings better margins than plain milk, and a bigger farmer base secures supply.
What risks should investors check before buying rice, agribusiness and dairy stocks?
Ans. Investors should check a few risks before buying rice, agribusiness and dairy stocks. Monsoon and farm output. Crop and feed demand can vary with the season. Raw material costs. Ingredient and packaging prices can move margins. Competition. Rivals can influence pricing and market share. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of rice, agribusiness and dairy stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
