{"id":292406,"date":"2026-10-07T13:30:11","date_gmt":"2026-10-07T08:00:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=292406"},"modified":"2026-10-07T13:30:11","modified_gmt":"2026-10-07T08:00:11","slug":"food-manufacturing-and-dairy-stocks-strong-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/","title":{"rendered":"3 Food Manufacturing and Dairy Stocks With a Strong Future Roadmap: Hindustan Foods, Vidhi Specialty Food Ingredients and Dodla Dairy"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Hindustan Foods Rs 584.75, P\/E 44.86. Vidhi Specialty Rs 352.30, P\/E 33.18. Dodla Dairy Rs 1,019.90, P\/E 25.07. Closing prices of 6 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Food manufacturing and dairy stocks with the clearest long-term roadmaps today include Hindustan Foods in contract manufacturing for consumer brands, Vidhi Specialty Food Ingredients in food colours and specialty ingredients and Dodla Dairy in milk and dairy products across southern and eastern states. FY26 revenue growth was 16.7% at Hindustan Foods, -0.5% at Vidhi Specialty and 10.9% at Dodla Dairy. P\/E stands at 44.86 for Hindustan Foods (industry 34.46), 33.18 for Vidhi Specialty (industry 35.84) and 25.07 for Dodla Dairy (industry 34.46). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Food manufacturing and dairy stocks give investors exposure to firms that make food for other brands, supply ingredients and process milk. Results depend on volumes, input costs and operating margin, which is why efficiency matters as much as headline growth.<\/p>\n<p>This list covers three food ingredient and milk product stocks: Hindustan Foods for contract manufacturing for consumer brands, Vidhi Specialty Food Ingredients for food colours and specialty ingredients and Dodla Dairy for milk and dairy products across southern and eastern states. Every figure comes from the latest reported financials and the 6 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=food-manufacturing-and-dairy-stocks-strong-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#What_Are_Food_Manufacturing_and_Dairy_Stocks\" title=\"What Are Food Manufacturing and Dairy Stocks?\">What Are Food Manufacturing and Dairy Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Food_Manufacturing_and_Dairy_Stocks_at_a_Glance\" title=\"Food Manufacturing and Dairy Stocks at a Glance\">Food Manufacturing and Dairy Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Why_Do_Food_Manufacturing_and_Dairy_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Food Manufacturing and Dairy Stocks Have a Strong Roadmap in India?\">Why Do Food Manufacturing and Dairy Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Hindustan_Foods_Contract_Manufacturing_for_Consumer_Brands_Anchors_the_Roadmap\" title=\"Hindustan Foods: Contract Manufacturing for Consumer Brands Anchors the Roadmap\">Hindustan Foods: Contract Manufacturing for Consumer Brands Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Vidhi_Specialty_Food_Ingredients_Food_Colours_and_Specialty_Ingredients_Drive_the_Pipeline\" title=\"Vidhi Specialty Food Ingredients: Food Colours and Specialty Ingredients Drive the Pipeline\">Vidhi Specialty Food Ingredients: Food Colours and Specialty Ingredients Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Dodla_Dairy_Milk_and_Value-Added_Dairy_Products_Build_the_Next_Leg\" title=\"Dodla Dairy: Milk and Value-Added Dairy Products Build the Next Leg\">Dodla Dairy: Milk and Value-Added Dairy Products Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Best_Food_Manufacturing_and_Dairy_Stocks_in_India_Hindustan_Foods_vs_Vidhi_Specialty_vs_Dodla_Dairy_on_Key_Financials\" title=\"Best Food Manufacturing and Dairy Stocks in India: Hindustan Foods vs Vidhi Specialty vs Dodla Dairy on Key Financials\">Best Food Manufacturing and Dairy Stocks in India: Hindustan Foods vs Vidhi Specialty vs Dodla Dairy on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#How_to_Evaluate_Contract_Food_and_Dairy_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Contract Food and Dairy Stocks to Buy Before You Invest\">How to Evaluate Contract Food and Dairy Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Risks_to_Consider_Before_Investing_in_Food_Manufacturing_and_Dairy_Stocks\" title=\"Risks to Consider Before Investing in Food Manufacturing and Dairy Stocks\">Risks to Consider Before Investing in Food Manufacturing and Dairy Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#FAQs_on_Food_Manufacturing_and_Dairy_Stocks\" title=\"FAQs on Food Manufacturing and Dairy Stocks\">FAQs on Food Manufacturing and Dairy Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Which_are_the_best_food_manufacturing_and_dairy_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best food manufacturing and dairy stocks in India with a strong roadmap?\">Which are the best food manufacturing and dairy stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Is_Hindustan_Foods_a_good_stock_to_buy_now\" title=\"Is Hindustan Foods a good stock to buy now?\">Is Hindustan Foods a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#What_is_the_PE_ratio_of_Hindustan_Foods_Vidhi_Specialty_and_Dodla_Dairy\" title=\"What is the P\/E ratio of Hindustan Foods, Vidhi Specialty and Dodla Dairy?\">What is the P\/E ratio of Hindustan Foods, Vidhi Specialty and Dodla Dairy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Which_of_these_food_manufacturing_and_dairy_stocks_has_the_highest_return_on_equity\" title=\"Which of these food manufacturing and dairy stocks has the highest return on equity?\">Which of these food manufacturing and dairy stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#What_are_the_risks_of_investing_in_food_manufacturing_and_dairy_stocks\" title=\"What are the risks of investing in food manufacturing and dairy stocks?\">What are the risks of investing in food manufacturing and dairy stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#How_did_Hindustan_Foods_Vidhi_Specialty_and_Dodla_Dairy_perform_in_Q1_FY27\" title=\"How did Hindustan Foods, Vidhi Specialty and Dodla Dairy perform in Q1 FY27?\">How did Hindustan Foods, Vidhi Specialty and Dodla Dairy perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#Do_food_manufacturing_and_dairy_stocks_pay_dividends\" title=\"Do food manufacturing and dairy stocks pay dividends?\">Do food manufacturing and dairy stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/food-manufacturing-and-dairy-stocks-strong-roadmap\/#How_can_I_invest_in_food_manufacturing_and_dairy_stocks_in_India\" title=\"How can I invest in food manufacturing and dairy stocks in India?\">How can I invest in food manufacturing and dairy stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Food_Manufacturing_and_Dairy_Stocks\"><\/span><strong>What Are Food Manufacturing and Dairy Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Food manufacturing and dairy stocks are shares of companies that make packaged food for consumer brands, supply colours and ingredients, or procure and process milk. Results depend on volumes, raw material and milk costs, capacity use and operating margin, so steady customers and efficient plants separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Food_Manufacturing_and_Dairy_Stocks_at_a_Glance\"><\/span><strong>Food Manufacturing and Dairy Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three food manufacturing and dairy stocks as of the 6 October 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/hndfds\/hindustan-foods-ltd-share-price-today\">Hindustan Foods<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">584.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,101<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.46<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.79%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.93<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/vidhiing\/vidhi-specialty-food-ingredients-ltd-share-price-today\">Vidhi Specialty Food Ingredients<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">352.30<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,767<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.84<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.93%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.18<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/dodla\/dodla-dairy-ltd-share-price-today\">Dodla Dairy<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,019.90<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,135<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.07<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.46<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.95%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among food ingredient and milk product stocks, Vidhi Specialty and Dodla Dairy trade below the industry P\/E, while Hindustan Foods trades at a premium to the industry multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Food_Manufacturing_and_Dairy_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Food Manufacturing and Dairy Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Food manufacturing and dairy stocks have a strong roadmap in India because packaged food is growing, brands outsource more production and dairy is shifting to value-added products. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Packaged food growth:<\/strong> More households buy packaged and processed food.<\/li>\n<li><strong>Outsourced production:<\/strong> Consumer brands hand manufacturing to specialist partners.<\/li>\n<li><strong>Value-added dairy:<\/strong> Curd, paneer and other products earn better margins than milk.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Hindustan_Foods_Contract_Manufacturing_for_Consumer_Brands_Anchors_the_Roadmap\"><\/span><strong>Hindustan Foods: Contract Manufacturing for Consumer Brands Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hindustan Foods&#8217; roadmap rests on contract manufacturing for consumer brands, with new plants and larger brand partners supporting revenue.<\/p>\n<p>Revenue grew from Rs 2,043.79 crore in FY22 to Rs 4,264.69 crore in FY26, a 108.7% rise, and FY26 revenue was 16.7% higher than FY25. FY26 net profit rose 29.3% to Rs 149.03 crore. Over four years, net profit rose from Rs 44.66 crore in FY22 to Rs 149.03 crore. In Q1 FY27, revenue grew 18.1% to Rs 1,206.99 crore, and net profit rose 32.8% to Rs 42.76 crore. Operating margin was 8.76% in FY26 and 8.84% in Q1 FY27 against 8.27% a year earlier.<\/p>\n<p>Debt to equity is 0.93 and return on equity is 12.79%. FY26 operating cash flow was Rs 100.02 crore against capital expenditure of Rs 340.97 crore. At a P\/E of 44.86 against an industry P\/E of 34.46, the stock trades above its industry multiple.<\/p>\n<p>What to watch: FY26 capex of Rs 340.97 Cr was above operating cash flow of Rs 100.02 Cr, and return on equity of 12.79% is modest. The P\/E of 44.86 sits above the industry P\/E of 34.46, so earnings delivery matters for the valuation; debt to equity of 0.93 deserves tracking.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vidhi_Specialty_Food_Ingredients_Food_Colours_and_Specialty_Ingredients_Drive_the_Pipeline\"><\/span><strong>Vidhi Specialty Food Ingredients: Food Colours and Specialty Ingredients Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vidhi Specialty&#8217;s roadmap rests on food colours and specialty ingredients, with food makers and export buyers supporting volumes.<\/p>\n<p>Revenue moved from Rs 538.44 crore in FY22 to Rs 381.81 crore in FY26, a 29.1% decline, and FY26 revenue was 0.5% lower than FY25. FY26 net profit rose 12.8% to Rs 48.96 crore. Over four years, net profit moved from Rs 58.57 crore in FY22 to Rs 48.96 crore. In Q1 FY27, revenue grew 65.7% to Rs 146.48 crore, and net profit rose 34.8% to Rs 17.12 crore. Operating margin was 21.00% in FY26 and 17.92% in Q1 FY27 against 23.91% a year earlier.<\/p>\n<p>Debt to equity is 0.18 and return on equity is 14.93%. FY26 operating cash flow was Rs 42.40 crore against capital expenditure of Rs 16.04 crore. Vidhi Specialty paid a dividend of Rs 3 per share for FY26, a yield of 0.85%. At a P\/E of 33.18 against an industry P\/E of 35.84, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The Q1 FY27 operating margin of 17.92% was below the 23.91% of a year earlier, and FY26 revenue was 0.5% lower than FY25.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dodla_Dairy_Milk_and_Value-Added_Dairy_Products_Build_the_Next_Leg\"><\/span><strong>Dodla Dairy: Milk and Value-Added Dairy Products Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dodla Dairy&#8217;s roadmap rests on milk and dairy products across southern and eastern states, with value-added products and wider milk procurement supporting growth.<\/p>\n<p>Revenue grew from Rs 2,257.05 crore in FY22 to Rs 4,185.57 crore in FY26, a 85.4% rise, and FY26 revenue was 10.9% higher than FY25. FY26 net profit rose 2.7% to Rs 267.00 crore. Over four years, net profit rose from Rs 132.81 crore in FY22 to Rs 267.00 crore. In Q1 FY27, revenue grew 18.3% to Rs 1,211.52 crore, and net profit fell 35.4% to Rs 40.64 crore. Operating margin was 8.90% in FY26 and 6.55% in Q1 FY27 against 9.88% a year earlier.<\/p>\n<p>Debt to equity is 0.03 and return on equity is 15.95%. FY26 operating cash flow was Rs 294.86 crore against capital expenditure of Rs 161.99 crore. Dodla Dairy paid a dividend of Rs 5 per share for FY26, a yield of 0.49%. At a P\/E of 25.07 against an industry P\/E of 34.46, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The Q1 FY27 operating margin of 6.55% was below the 9.88% of a year earlier, and the FY26 operating margin of 8.90% was below the 11.68% of FY25. Q1 FY27 net profit was 35.4% lower than a year earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Food_Manufacturing_and_Dairy_Stocks_in_India_Hindustan_Foods_vs_Vidhi_Specialty_vs_Dodla_Dairy_on_Key_Financials\"><\/span><strong>Best Food Manufacturing and Dairy Stocks in India: Hindustan Foods vs Vidhi Specialty vs Dodla Dairy on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best food manufacturing and dairy stocks in India, Vidhi Specialty leads on FY26 operating margin and Q1 FY27 revenue growth; Hindustan Foods leads on five-year revenue growth; Dodla Dairy leads on return on equity and the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Hindustan Foods<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Vidhi Specialty<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Dodla Dairy<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,264.69<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">381.81<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,185.57<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-0.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Revenue growth FY22 to FY26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">108.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-29.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">85.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">149.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.96<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">267.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.76%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.00%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.90%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">65.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">32.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-35.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.79%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.93%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.95%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.93<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.85%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.49%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">100.02<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">42.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">294.86<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Food and dairy earnings follow volumes and input costs, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Contract_Food_and_Dairy_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Contract Food and Dairy Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen food manufacturing and dairy stocks and shortlist contract food and dairy stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by stock.<\/li>\n<li>Track operating margin across several quarters, because input costs can move faster than prices.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these food manufacturing and dairy stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Food_Manufacturing_and_Dairy_Stocks\"><\/span><strong>Risks to Consider Before Investing in Food Manufacturing and Dairy Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Thin margins:<\/strong> Hindustan Foods runs an operating margin of about 8% to 9%.<\/li>\n<li><strong>Capex:<\/strong> Hindustan Foods&#8217; FY26 capex of Rs 340.97 Cr was well above its operating cash flow of Rs 100.02 Cr.<\/li>\n<li><strong>Flat revenue:<\/strong> Vidhi Specialty&#8217;s FY26 revenue was slightly lower than FY25.<\/li>\n<li><strong>Quarterly profit:<\/strong> Dodla Dairy&#8217;s Q1 FY27 net profit was 35.4% lower than a year earlier.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Hindustan Foods, Vidhi Specialty and Dodla Dairy live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three contract food and dairy stocks cover contract food manufacturing, food colours and ingredients, and milk and dairy products. Vidhi Specialty leads on FY26 operating margin and Q1 FY27 revenue growth; Hindustan Foods leads on five-year revenue growth; Dodla Dairy leads on return on equity and the lowest P\/E.<\/p>\n<p>Across food ingredient and milk product stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the contract food and dairy stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Food_Manufacturing_and_Dairy_Stocks\"><\/span><strong>FAQs on Food Manufacturing and Dairy Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_food_manufacturing_and_dairy_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best food manufacturing and dairy stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Foods, Vidhi Specialty Food Ingredients and Dodla Dairy stand out for their roadmaps in contract food, ingredients and dairy. FY26 revenue growth was 16.7% at Hindustan Foods, -0.5% at Vidhi Specialty and 10.9% at Dodla Dairy, and return on equity ranges from 12.79% to 15.95%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Hindustan_Foods_a_good_stock_to_buy_now\"><\/span><strong>Is Hindustan Foods a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Foods has a debt to equity ratio of 0.93, a return on equity of 12.79% and a P\/E of 44.86 against an industry P\/E of 34.46. Thin margins, capex and quarterly profit move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Hindustan_Foods_Vidhi_Specialty_and_Dodla_Dairy\"><\/span><strong>What is the P\/E ratio of Hindustan Foods, Vidhi Specialty and Dodla Dairy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 44.86 for Hindustan Foods (industry 34.46), 33.18 for Vidhi Specialty (industry 35.84) and 25.07 for Dodla Dairy (industry 34.46). Only Hindustan Foods trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_food_manufacturing_and_dairy_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these food manufacturing and dairy stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dodla Dairy has the highest return on equity at 15.95%, followed by Vidhi Specialty Food Ingredients at 14.93% and Hindustan Foods at 12.79%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_food_manufacturing_and_dairy_stocks\"><\/span><strong>What are the risks of investing in food manufacturing and dairy stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are thin margins, capex ahead of cash flow, flat revenue at one firm and lower quarterly profit at another. Hindustan Foods&#8217; FY26 capex of Rs 340.97 Cr was well above its operating cash flow of Rs 100.02 Cr.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Hindustan_Foods_Vidhi_Specialty_and_Dodla_Dairy_perform_in_Q1_FY27\"><\/span><strong>How did Hindustan Foods, Vidhi Specialty and Dodla Dairy perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Foods reported revenue of Rs 1,206.99 crore, up 18.1% year on year, and net profit rose 32.8% to Rs 42.76 crore. Vidhi Specialty Food Ingredients reported revenue of Rs 146.48 crore, up 65.7% year on year, and net profit rose 34.8% to Rs 17.12 crore. Dodla Dairy reported revenue of Rs 1,211.52 crore, up 18.3% year on year, and net profit fell 35.4% to Rs 40.64 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_food_manufacturing_and_dairy_stocks_pay_dividends\"><\/span><strong>Do food manufacturing and dairy stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dividend payouts differ across the three companies. The dividend yield is 0.00% for Hindustan Foods, 0.85% for Vidhi Specialty and 0.49% for Dodla Dairy, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_food_manufacturing_and_dairy_stocks_in_India\"><\/span><strong>How can I invest in food manufacturing and dairy stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy food manufacturing and dairy stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best food manufacturing and dairy stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hindustan Foods, Vidhi Specialty Food Ingredients and Dodla Dairy stand out for their roadmaps in contract food, ingredients and dairy. FY26 revenue growth was 16.7% at Hindustan Foods, -0.5% at Vidhi Specialty and 10.9% at Dodla Dairy, and return on equity ranges from 12.79% to 15.95%.\"}},{\"@type\":\"Question\",\"name\":\"Is Hindustan Foods a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hindustan Foods has a debt to equity ratio of 0.93, a return on equity of 12.79% and a P\/E of 44.86 against an industry P\/E of 34.46. 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The dividend yield is 0.00% for Hindustan Foods, 0.85% for Vidhi Specialty and 0.49% for Dodla Dairy, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in food manufacturing and dairy stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy food manufacturing and dairy stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hindustan Foods, Vidhi Specialty Food Ingredients and Dodla Dairy compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":35,"featured_media":292405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[9546,7165,9545,9547,9548],"class_list":["post-292406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-contract-food-and-dairy-stocks","tag-dodla-dairy","tag-food-manufacturing-and-dairy-stocks","tag-hindustan-foods","tag-vidhi-specialty-food-ingredients"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["292405"],"rank_math_title":["Food Manufacturing and Dairy Stocks: Hindustan Foods, Vidhi Speci"],"rank_math_description":["Food manufacturing and dairy stocks with a strong roadmap: Hindustan Foods, Vidhi Specialty and Dodla Dairy compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["food manufacturing and dairy stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-food-manufacturing-and-dairy-stocks-with-a-strong-future-roadmap-hindustan.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/292406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=292406"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/292406\/revisions"}],"predecessor-version":[{"id":292407,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/292406\/revisions\/292407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/292405"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=292406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=292406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=292406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}