
3 Digital-First Beauty Brands, Regional Dairy and Biscuits and Bakery Stocks With a Strong Future Roadmap: Honasa Consumer, Dodla Dairy and Britannia Industries
Honasa Consumer, Dodla Dairy and Britannia Industries: ROE of 14.2% to 49.6% and FY22 to FY26 revenue CAGR of 7.8% to 26.6%. Prices as of 21 Oct 2026.
Updated: 22 Oct 2026 • 12:43 pm
Posted by:

Quick Answer
The three personal care, dairy and biscuit stocks to watch are Honasa Consumer, Dodla Dairy and Britannia Industries. Their return on equity ranges from 14.2% to 49.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 26.6%. Britannia Industries has the highest return on equity at 49.6%, while Honasa Consumer has the fastest revenue growth at 26.6% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.
Personal care, dairy and biscuit stocks let investors follow everyday brands that families buy again and again. Honasa Consumer, Dodla Dairy and Britannia Industries cover digital-first beauty brands, a regional dairy business, and biscuits and bakery products.
This list covers three personal care, dairy and biscuit stocks with complete current figures: Honasa Consumer, Dodla Dairy and Britannia Industries. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Personal Care, Dairy and Biscuit Stocks?
Personal care, dairy and biscuit stocks are listed consumer companies that sell beauty products, milk and dairy items, and packaged foods. Their earnings depend on volume growth, brand strength and distribution reach.
Personal Care, Dairy and Biscuit Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Honasa Consumer | 441.15 | 14,399 | 57.7 | 52.5 | 14.2 | 0.10 |
| Dodla Dairy | 1,018.9 | 6,064 | 24.8 | 33.9 | 15.9 | 0.03 |
| Britannia Industries | 4,683.6 | 113,329 | 43.4 | 33.9 | 49.6 | 0.27 |
On valuation, Dodla Dairy trades at a P/E below the industry P/E, while Honasa Consumer and Britannia Industries trade above it, which reflects the growth the market already expects. Readers comparing personal care, dairy and biscuit stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Personal Care, Dairy and Biscuit Stocks Have a Strong Roadmap in India?
Personal care, dairy and biscuit stocks have a strong roadmap in India because rising incomes, wider retail reach and a shift towards branded and packaged products are widening the market.
- Branded shift. Shoppers are moving from loose items to trusted brands.
- Wider reach. Brands are reaching more outlets in smaller towns.
- Value-added items. Dairy and food firms add higher-margin products.
Why Honasa Consumer Features Among These Personal Care, Dairy and Biscuit Stocks
Among the personal care, dairy and biscuit stocks on this list, Honasa Consumer, based in Gurugram, owns beauty and personal care brands including Mamaearth, The Derma Co, Aqualogica and Dr. Sheth's.
In the June 2026 quarter, revenue grew 25.7% year on year to Rs 778 crore, while net profit rose 118.8% to Rs 90.5 crore. Revenue rose from Rs 964 crore in FY22 to Rs 2,476 crore in FY26, a compound annual growth rate of 26.6%.
Net profit grew from Rs 111 crore in FY24 to Rs 200 crore in FY26, which works out to a compound annual growth rate of 34.6%. The company has a return on equity of 14.2%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 14,399 crore. The stock trades at a P/E of 57.7, above the industry P/E of 52.5.
Roadmap: The company is growing its brand portfolio, widening offline retail and building a presence in premium segments. A digital-first approach and a growing base of repeat customers support its roadmap.
What to watch: Track brand-level growth and spending on advertising.
Why Dodla Dairy Features Among These Personal Care, Dairy and Biscuit Stocks
Among the beauty brand and dairy shares 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.
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.
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.
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.
Why Britannia Industries Features Among These Personal Care, Dairy and Biscuit Stocks
Among the three companies on this list, Britannia Industries is one of India's leading food companies, making biscuits, bread, cakes, rusk and dairy products under brands such as Good Day, Marie Gold, Tiger and NutriChoice.
Revenue rose from Rs 14,359 crore in FY22 to Rs 19,376 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 1,516 crore in FY22 to Rs 2,537 crore in FY26, which works out to a compound annual growth rate of 13.7%.
In the June 2026 quarter, revenue grew 8.2% year on year to Rs 5,061 crore, while net profit rose 14.1% to Rs 593 crore. The company has a return on equity of 49.6%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 113,329 crore. The stock trades at a P/E of 43.4, above the industry P/E of 33.9.
Roadmap: The company sells through a vast distribution network that reaches millions of outlets and is widening into croissants, cakes and adjacent categories. Investments in new factories and premium products add to its reach.
What to watch: Check the growth in the premium and adjacent categories and wheat and edible oil prices.
Honasa Consumer vs Dodla Dairy vs Britannia Industries on Key Financials
The table below sets the three personal care, dairy and biscuit 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 |
|---|---|---|---|---|---|
| Honasa Consumer | 964 | 2,476 | 26.6% | 200 | 8.1% |
| Dodla Dairy | 2,257 | 4,186 | 16.7% | 267 | 6.4% |
| Britannia Industries | 14,359 | 19,376 | 7.8% | 2,537 | 13.1% |
Britannia Industries posts the highest return on equity in this group at 49.6%. Britannia Industries has the largest FY26 revenue at Rs 19,376 crore, and Honasa Consumer shows the fastest revenue growth with a 26.6% compound annual rate. A useful habit with personal care, dairy and biscuit 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 |
|---|---|---|---|
| Honasa Consumer | 619 | 778 | 25.7% |
| Dodla Dairy | 1,024 | 1,212 | 18.3% |
| Britannia Industries | 4,679 | 5,061 | 8.2% |
Key Risks to Check Before Investing in Personal Care, Dairy and Biscuit Stocks
Every theme carries risks that deserve a check before any decision. For these personal care, dairy and biscuit stocks, the main points are: Long-term beauty brand and dairy shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Input costs. Prices of milk, wheat and packaging can affect margins.
- Competition. Many brands compete for the same shelf space.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
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 personal care, dairy and biscuit stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Personal Care, Dairy and Biscuit Stocks
Personal care, dairy and biscuit stocks reward investors who follow volume growth, margins and distribution reach together. Honasa Consumer, Dodla Dairy and Britannia Industries each show a different route to growth. Based on the 21 October 2026 close, Honasa Consumer trades at Rs 441.15, Dodla Dairy at Rs 1,018.9 and Britannia Industries at Rs 4,683.6. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these personal care, dairy and biscuit stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track personal care, dairy and biscuit stocks, set price alerts and get research-backed stock ideas.
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 personal care, dairy and biscuit stocks?
Ans. Personal care, dairy and biscuit stocks are listed consumer companies that sell beauty products, milk and dairy items, and packaged foods. Their earnings depend on volume growth, brand strength and distribution reach. This list looks at three of them, Honasa Consumer, Dodla Dairy and Britannia Industries, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.
Which personal care, dairy and biscuit stocks are covered in this list?
Ans. This list covers Honasa Consumer, Dodla Dairy and Britannia Industries. Based on the 21 October 2026 close, Honasa Consumer traded at Rs 441.15, Dodla Dairy at Rs 1,018.9 and Britannia Industries at Rs 4,683.6. Their return on equity ranges from 14.2% to 49.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 26.6%.
Why do personal care, dairy and biscuit stocks have a strong future roadmap in India?
Ans. Personal care, dairy and biscuit stocks have a strong roadmap in India because rising incomes, wider retail reach and a shift towards branded and packaged products are widening the market. The main drivers are as follows. Branded shift. Shoppers are moving from loose items to trusted brands. Wider reach. Brands are reaching more outlets in smaller towns. Value-added items. Dairy and food firms add higher-margin products. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Honasa Consumer performed financially?
Ans. Revenue rose from Rs 964 crore in FY22 to Rs 2,476 crore in FY26, a compound annual growth rate of 26.6%. Net profit grew from Rs 111 crore in FY24 to Rs 200 crore in FY26, which works out to a compound annual growth rate of 34.6%. In the June 2026 quarter, revenue grew 25.7% year on year to Rs 778 crore, while net profit rose 118.8% to Rs 90.5 crore. The company has a return on equity of 14.2%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 14,399 crore. The stock trades at a P/E of 57.7, above the industry P/E of 52.5. Looking ahead, the company is growing its brand portfolio, widening offline retail and building a presence in premium segments. A digital-first approach and a growing base of repeat customers support its roadmap.
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.
How has Britannia Industries performed financially?
Ans. Revenue rose from Rs 14,359 crore in FY22 to Rs 19,376 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 1,516 crore in FY22 to Rs 2,537 crore in FY26, which works out to a compound annual growth rate of 13.7%. In the June 2026 quarter, revenue grew 8.2% year on year to Rs 5,061 crore, while net profit rose 14.1% to Rs 593 crore. The company has a return on equity of 49.6%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 113,329 crore. The stock trades at a P/E of 43.4, above the industry P/E of 33.9. Looking ahead, the company sells through a vast distribution network that reaches millions of outlets and is widening into croissants, cakes and adjacent categories. Investments in new factories and premium products add to its reach.
What risks should investors check before buying personal care, dairy and biscuit stocks?
Ans. Investors should check a few risks before buying personal care, dairy and biscuit stocks. Input costs. Prices of milk, wheat and packaging can affect margins. Competition. Many brands compete for the same shelf space. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. 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 personal care, dairy and biscuit stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 21 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.
Recent Articles

3 Premium Hospital Network, Pathology Lab Chain and Regional Multi-Specialty Hospitals Stocks With a Strong Future Roadmap: Max Healthcare Institute, Dr. Lal PathLabs and Krishna Institute of Medical Sciences
22 October 2026

3 Business Process Management, Cloud Services and Cash Management Stocks With a Strong Future Roadmap: Firstsource Solutions, Mphasis and CMS Info Systems
22 October 2026

3 Banking Software, Commodity Exchange and Depository Services Stocks With a Strong Future Roadmap: Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India)
22 October 2026

3 Grid Equipment, Cables and Consumer Electricals, and Motors and Switchgear Stocks With a Strong Future Roadmap: Quality Power Electrical Equipments, Finolex Cables and CG Power and Industrial Solutions
22 October 2026
Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.
Reviews
Recent Posts
3 Premium Hospital Network, Pathology Lab Chain and Regional Multi-Specialty Hospitals Stocks With a Strong Future Roadmap: Max Healthcare Institute, Dr. Lal PathLabs and Krishna Institute of Medical Sciences
3 Business Process Management, Cloud Services and Cash Management Stocks With a Strong Future Roadmap: Firstsource Solutions, Mphasis and CMS Info Systems
3 Banking Software, Commodity Exchange and Depository Services Stocks With a Strong Future Roadmap: Intellect Design Arena, Multi Commodity Exchange of India and Central Depository Services (India)
3 Grid Equipment, Cables and Consumer Electricals, and Motors and Switchgear Stocks With a Strong Future Roadmap: Quality Power Electrical Equipments, Finolex Cables and CG Power and Industrial Solutions
3 Power Transformers, Distribution Transformers and Wires and Cables Stocks With a Strong Future Roadmap: Transformers and Rectifiers (India), Atlanta Electricals and Polycab India

Uniresearch Global Pvt Ltd
Research Analyst
SEBI Registration Number — INH000013776
Uniresearch is a subsidiary of Univest Communication Technologies Private Limited
Company Address: Registered Address: Ground Floor, Unitech Commercial Tower 2, Block B, Greenwood City, Unit 1-3, Sector 45, Gurugram, Haryana 122003
Write to us : support@univest.in, compliance@univest.in
Verify on SEBI registry →RESEARCH ANALYST
Get SEBI Registered
advice on the stocks
trending today.
Get 3 FREE Trade Ideas
for Startups Accelerator 2024
Trusted by 1Cr Indians
Awarded No.1 by Economic Times





