Umang Dairies Share Price

Overview 

Umang Dairies Limited, with its corporate operations in Mumbai, functions as a processor and manufacturer of dairy products in India. Umang Dairies Limited provides a comprehensive range of dairy products, including skimmed milk powder, whole milk powder, dairy creamer, dairy whitener, fresh cream, butter, ghee, and flavoured milk. Umang Dairies share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the dairy processing sector. The company’s financial health depends on raw milk procurement volumes, milk fat prices, production efficiency, institutional and retail demand, and the performance of its various product segments spanning consumer packs and bulk packs. 

Umang Dairies stock price is influenced by various factors such as earnings, fluctuations in milk prices and milk fat rates, regulatory changes in the food processing industry, and competitive dynamics in the dairy market. In the longer run, strategies such as expanding product portfolio, strengthening brand presence, and optimising production capacity affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the company’s stock price movements. 

Umang Dairies live share price provides real time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Umang Dairies live price helps in observing short term price volatility and shows how a stock moves relative to the broader BSE FMCG index. 

Furthermore, monitoring Umang Dairies stock price movements helps investors understand real time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short term performance, and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. 

Umang Dairies Limited Company Fundamentals 

A. Company Background

Umang Dairies Limited was incorporated in December 1992. The company has been promoted by Straw Products Ltd. and J. K. Industries Ltd. The company is engaged in the business of procuring and processing cow milk mainly in the state of Uttar Pradesh at Gajraula to create various value-added dairy products. It operates primarily in the dairy processing and food products segment, supplying solutions such as skimmed milk powder, whole milk powder, dairy creamer, dairy whitener, fresh cream, butter, ghee, and flavoured milk. Its operations are based in India, with manufacturing facilities located in Gajraula, Uttar Pradesh, while corporate functions are managed from its administrative offices in Mumbai, Maharashtra. 

B. Company Product Lines

The company offers a diverse range of dairy products under well-established brand names such as Umang Ghee, Umang Cow Ghee, White Magik, JK Dairy Top, Milkstar, JK Dairy Star, Top Magik, and Umang Dairy Creamer. The product portfolio includes: 

• Milk Powders 

• Manufactures skimmed milk powder and whole milk powder for consumer and institutional use. 

• Dairy Creamers and Whiteners 

• Produces dairy creamer and dairy whitener, including the re-launched White Magik Dairy Creamer after upgrading quality and packing. 

• Butter and Ghee 

• Offers fresh cream, butter, and ghee under various brand names. 

• Other Dairy Products 

• Provides flavoured milk and other value-added dairy products. 

The product portfolio is structured to serve both domestic consumers through retail packs and institutional clients through bulk packs. 

C. Company Revenue Model

• Domestic Consumer Sales 

• Revenue generated through retail sales of consumer-packaged dairy products across India. 

• Institutional and Bulk Contracts 

• Revenue from institutional sales through bulk packs to industrial and commercial clients. 

• Procurement and Processing Operations 

• Revenue from processing of cow milk procured mainly in Uttar Pradesh at Gajraula. 

Revenue performance is primarily influenced by raw milk procurement volumes, milk fat prices, production efficiency, and demand from consumer and institutional segments. 

D. Geographic Presence

• Global Headquarters 

• Primary administrative and management functions based in Mumbai, Maharashtra, India. 

• Major Manufacturing Facilities 

• Milk processing and manufacturing operations based in Gajraula, Uttar Pradesh, India. 

• Distribution Network 

• Distribution network covering domestic markets across India through consumer packs and bulk packs. 

E. Key Milestones

• 1992 – Incorporation: Umang Dairies Limited was incorporated on December 2. 

• Project Setup: The company set up a project to process 3 lakh litres of milk. 

• Brand Establishment: The company established brands such as Umang Ghee, White Magik, and Dairy Top with a reputation for quality. 

• Product Enhancement: The company re-launched its White Magik Dairy Creamer after upgrading quality and packing. 

• Merger Announcement: The company announced a merger/hive-off with a record date of 27-Jun-2025. 

F. Industry Perspective

The dairy processing industry, where Umang Dairies Limited operates, is a critical segment of the Indian food processing sector. The global dairy market was valued at approximately US$900-950 billion in 2024 and is projected to reach US$1.2-1.3 trillion by 2030, growing at a compound annual growth rate of 4-5%. The India dairy market is valued at approximately US$140-150 billion and is expected to grow at 10-12% CAGR over the next five years. India is the world’s largest milk producer, accounting for approximately 22-24% of global milk production, with annual milk production of around 230-240 million tonnes. The Indian dairy industry contributes approximately 4-5% to the national GDP and employs more than 80 million people directly and indirectly. Value-added dairy products are expected to grow in double digits to drive the overall organised dairy category to around ₹8 lakh crore in 2024. The organised dairy segment accounts for approximately 30-35% of the total market and is growing at 12-15% year-on-year. Growth is supported by rising urbanisation, increasing disposable incomes, changing dietary habits, and growing demand for packaged and value-added dairy products. However, pricing pressure, volatile milk prices, intense competition from organised and unorganised players, and supply chain challenges remain key industry challenges. 

Umang Dairies Limited Stock Market Presence: Listings & Index Representation 

Umang Dairies Limited is listed on the National Stock Exchange (NSE) under the ticker symbol UMANGDAIRY and on the Bombay Stock Exchange (BSE) with the scrip code 500231. Umang Dairies share price is actively traded on both exchanges, making it one of the closely followed small-cap FMCG stocks in India. The company has established a presence in the Indian equity market, with Umang Dairies share price frequently monitored by retail investors seeking exposure to the dairy processing and food products sector. 

As a small-cap FMCG company by market capitalisation, Umang Dairies Limited is a constituent of several indices, including the BSE SmallCap Index and various sectoral indices tracking the FMCG and dairy products sector. The Umang Dairies stock price carries weight in these indices, reflecting the company’s position in the Indian dairy processing sector and its influence on broader market performance within the small-cap space. Investors often track Umang Dairies stock price alongside major benchmark indices to evaluate the company’s performance relative to its peers and the overall market. 

The company’s index representation enhances its visibility among domestic investors, including retail investors, high-net-worth individuals, and proprietary trading desks. Owing to its small-cap market capitalisation, liquidity profile, and operational performance, Umang Dairies Limited is regarded as a player in India’s dairy processing industry. Its stock remains a component in diversified small-cap investment portfolios, while movements in the company’s share value are often viewed as an indicator of broader trends within the Indian dairy and FMCG sector. 

Umang Dairies Limited Stock Performance and Share Price History 

Umang Dairies share price on the NSE reflects the company’s position as a processor and manufacturer of dairy products in India. The performance of Umang Dairies stock price is primarily influenced by raw milk procurement volumes, milk fat prices, production efficiency, institutional and retail demand, operating margin trends, and growth in value-added dairy products. Investors closely monitor Umang Dairies share price alongside other small-cap FMCG companies to assess the sector’s relative performance and valuation. Earnings announcements, management guidance and macroeconomic developments continue to influence Umang Dairies share price across different market cycles. 

Investors closely monitor the Umang Dairies stock price to evaluate the company’s competitive position within the Indian dairy sector and compare its performance with other small-cap FMCG companies. Earnings announcements, management guidance, and domestic macroeconomic developments remain key factors influencing investor expectations. 

Corporate initiatives, including product portfolio expansion, brand strengthening, and production capacity optimisation, have also shaped expectations surrounding Umang Dairies share price. Although these strategic initiatives strengthen the company’s long-term outlook, they may trigger short-term volatility depending on raw material prices and consumer demand trends. The Umang Dairies stock price is also influenced by factors such as milk price fluctuations, operating margin trends, and the pace of value-added dairy product adoption. Strong demand and consistent execution often support the company’s valuation over the long term. 

While day-to-day movements are generally driven by news flow and quarterly earnings, long-term valuation is better assessed through annual highs and lows, which reflect changes in dairy demand, earnings visibility, and overall business performance. As a result, Umang Dairies stock price continue to be closely tracked by domestic investors seeking exposure to India’s dairy processing sector. 

As of June 2025, Umang Dairies share price trades around ₹85.7-85.8, compared with its 52-week high of ₹165.40, while the 52-week low stands at ₹67.03-69.00, indicating a correction of nearly 48-49% from the peak. This decline mirrors the broader weakness witnessed across small-cap FMCG stocks amid volatile milk prices and changing consumer preferences. Despite the correction, Umang Dairies share price continues to exhibit characteristics consistent with small-cap FMCG companies because of the company’s exposure to cyclical raw material prices and competitive pressures. 

The company’s revenue performance remains closely linked to milk procurement volumes and milk fat prices. Strong demand for value-added dairy products has historically supported Umang Dairies share price, whereas volatile milk prices, lower consumer spending and pricing pressure have resulted in periods of consolidation. In addition, higher raw material costs and competitive pressures have periodically weighed on Umang Dairies share price. 

Umang Dairies stock price also responds to broader market sentiment, quarterly earnings and management commentary. Historically, Umang Dairies stock price has remained sensitive to milk prices, milk fat rates, and domestic economic conditions. Changes in investor sentiment, lower consumer spending and margin compression have periodically affected Umang Dairies stock price, while continued investments in product development and brand building remain important long-term drivers for Umang Dairies stock price. 

Examining the long-term trend, Umang Dairies share price has delivered mixed performance with periodic corrections driven by economic cycles and industry conditions. Based on available data, Umang Dairies share price has delivered a 10-year CAGR of approximately 3.26% and a 5-year CAGR of approximately 10.07%. The stock has shown significant volatility, with returns of -10.41% over 1 year, +14.27% over 3 months, and +2.22% over 1 month as of June 2025. Over the 2016-2025 period, Umang Dairies share price generated cumulative returns of approximately 44.65% over 10 years, reflecting mixed long-term performance. 

From a seasonality perspective, Umang Dairies share price has generally performed better during certain periods of the year. The stock has shown significant volatility across different quarters, with performance influenced by milk procurement seasons and consumer demand cycles. 

Performance analysis shows that Umang Dairies share price generally benefits from stable milk prices and strong demand for value-added dairy products. Conversely, volatile milk prices, pricing pressure and intense competition can compress operating margins and influence investor sentiment. During the recent correction, Umang Dairies share price has retreated from its 52-week high of ₹165.40 to around ₹85.7-85.8, while remaining above the 52-week low of ₹67.03-69.00, reflecting a significant valuation reset. Nevertheless, the company’s established brands, manufacturing capabilities, and presence in the dairy processing sector continue to support its long-term investment profile. 

Over the last 10 years, Umang Dairies Limited has delivered a cumulative return of approximately 19.7-44.65%, underperforming the Nifty 50, Sensex, the industry, and the sector over the same period. This long-term performance indicates that while the company has remained a player in the dairy processing industry, Umang Dairies share price has generated relatively lower returns than broader equity benchmarks and the FMCG sector over the past decade. 

The underperformance has also been evident across shorter investment horizons. Umang Dairies stock price declined significantly over the past year, with 1-year returns of approximately -10.41% to -26.56%. Over the three-year period, the stock delivered returns of approximately 19.93% to 31.87%, while over the five-year period, the stock delivered returns of approximately 9.1% to 35.62%. These figures highlight the relatively weaker medium-term performance of Umang Dairies share price compared with its peers and the overall market. 

Despite the longer-term underperformance, recent trading activity has shown signs of volatility. Umang Dairies stock price has experienced fluctuations over the past week and month, reflecting the broader volatility in small-cap FMCG stocks. Although the stock has seen occasional rebounds, the recent volatility suggests ongoing uncertainty. Investors continue to monitor Umang Dairies share price closely to assess whether any recovery can be sustained amid evolving demand for dairy products, corporate earnings performance, and domestic macroeconomic conditions. 

Umang Dairies share price has delivered mixed long-term returns and has faced significant pressure in the medium term. As of June 2025, Umang Dairies stock price has gained modestly over 10 years, underperforming broader market benchmarks. Over five years, the stock has delivered positive returns, while three-year returns have been positive. 

In the short term, Umang Dairies share price has experienced volatility with mixed performance across different time frames. The stock has shown weakness over longer periods, reflecting the broader challenges facing small-cap FMCG companies. The Umang Dairies share price analysis shows a volatile seasonal pattern. 

Among the last 10 calendar years, Umang Dairies recorded its strongest performance in certain years, while the weakest performances came during periods of volatile milk prices and changing consumer preferences. Positive years were offset by declines during challenging market conditions. 

A deeper analysis shows that Umang Dairies closed at around ₹85.7-85.8 as of June 2025, after trading in a volatile range during the year. Over the past decade, the stock has traded within a wide range, leaving it below its 10-year high while remaining above its 10-year low. During the past year, Umang Dairies touched a high of ₹165.40 and a low of ₹67.03-69.00, illustrating the sharp correction experienced in recent quarters. 

Umang Dairies Limited Investor Relevance and Role in Portfolio 

Umang Dairies Limited is a holding in small-cap and FMCG sector portfolios, providing investors with exposure to dairy processing, milk products manufacturing, and value-added dairy solutions. Umang Dairies share price is followed by market participants seeking exposure to India’s dairy sector, as the company remains an established dairy processor with well-known brands and manufacturing capabilities. 

The company’s inclusion in small-cap benchmark indices, including the BSE SmallCap Index, reinforces its significance within India’s FMCG and dairy processing ecosystem. Umang Dairies stock price is tracked by domestic retail investors, high-net-worth individuals, and proprietary trading desks because of its small-cap market capitalisation, liquidity profile, and presence in small-cap portfolios. 

In addition, the company’s established manufacturing facilities, consistent operational presence, and positioned leadership in dairy processing make it a constituent in diversified small-cap equity portfolios. Consequently, Umang Dairies stock price remains an indicator for investors assessing trends in the Indian dairy processing sector and the broader FMCG industry. 

Umang Dairies share price is influenced by the company’s ownership structure. Umang Dairies’s equity is held by a mix of promoters, institutional investors, and retail investors, reflecting its standing in India’s dairy sector. Promoters hold a stable majority stake of 74.61 percent, reflecting strong internal control. The top three promoters holding the highest number of shares are Bengal & Assam Company Ltd (55.30%), Sidhivinayak Trading And Investment Limited (17.50%), and Accurate Finman Services Limited (1.81%). Foreign institutional investors hold 0 percent. Domestic institutional investors hold 0.01 percent. Mutual funds hold 0 percent. The public and other investors hold 25.39 percent, with general public holding 16.76 percent and others holding 8.62 percent. This investor base, with stable promoter participation, underscores the company’s role as a holding in both domestic portfolios concentrating on dairy and FMCG products. 

Beyond fundamentals and ownership, Umang Dairies share price is actively monitored in cash market segments, where trading volumes and delivery patterns reflect expectations on milk prices, consumer demand, and regulatory policy actions. Umang Dairies stock price is available for trading on both major Indian exchanges, allowing investors to take positions based on their outlook for the dairy sector. Market participants watch these trading indicators to gauge sentiment around quarterly results and policy announcements. 

Technical indicators provide additional insight into short term momentum shifts in Umang Dairies share price. While these indicators are primarily used for near term trading decisions, they also help investors and portfolio managers understand broader market sentiment and anticipate potential volatility, especially around key events or announcements. In the short term and weekly timeframe, the stock has exhibited price movements that correlate with broader FMCG sector trends. Based on available data, the stock’s beta indicates varying volatility compared to the broader market. 

Based on available data, the stock’s beta indicates varying volatility compared to the broader market. For the long-term range, the beta is approximately 1.48 over the last five years, indicating that the share price has shown sensitivity to overall market volatility. Based on available data, the beta is 1.2488. For the daily one month range, the beta is not available. For the daily three month range, the beta is not available. For the weekly one year range, the beta is 0.8929. For the weekly two year range, the beta is not available. For the 2 week two year range, the beta is not available. For the monthly two year range, the beta is not available. 

Overall, Umang Dairies demonstrates a varying volatility profile compared to the broader market, with the stock generally considered to have moderate to high systematic risk. This makes it moderately sensitive to broader market movements compared to larger FMCG companies, though it remains exposed to sector specific factors such as milk prices, consumer demand, and competitive dynamics. 

Umang Dairies Limited Sectoral Relevance and Peer Positioning 

Umang Dairies Limited sector relevance stems from its three decade presence in the dairy processing industry, its position as a processor of cow milk in Uttar Pradesh, and its established brand portfolio including Umang Ghee, White Magik, and Dairy Top. Peer comparisons with companies like Hatsun Agro Products, Heritage Foods, Dodla Dairy, Kwality Wall’s (India), and other dairy processors focus on revenue growth, margin performance, manufacturing efficiency, and production scale rather than short term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of milk prices, consumer demand, and import policies further highlights Umang Dairies positioning within the broader Indian dairy processing market. 

Umang Dairies market cap highlights its position as a small-cap player within the dairy processing sector. The company’s market capitalization has moved in line with investor perceptions of the company’s growth potential. Examining Umang Dairies year-end market capitalization over the past decade reveals a pattern of fluctuations punctuated by periodic corrections. In 2019, the market cap stood at approximately ₹1.49 billion, before rising to ₹1.66 billion in 2020 and 2021. The market cap reached approximately ₹2.21-2.37 billion in 2022-2024, before correcting. The current market cap stands at approximately ₹1.84-1.89 billion. Over this ten-year period, Umang Dairies’s market cap has experienced a compound annual growth rate of approximately 4.74% since 2020, reflecting the company’s ability to create modest shareholder value despite recent headwinds. 

Umang Dairies earnings trajectory demonstrates the impact of its operational execution in a competitive industry. In recent fiscal years, total income showed trends supported by the core dairy processing business. The company’s revenue from operations decreased from ₹292.83 crore in FY23 to ₹286.19 crore in FY24 and further to ₹228.12 crore in FY25. Umang Dairies earnings, measured by profit after tax, have demonstrated volatile performance over the past decade, reflecting the company’s operational challenges and market volatility. In fiscal year 2021, the company reported net profit of approximately ₹4.09 crore, which declined to a loss in FY22, recovered to a profit in FY23 and FY24, and declined again in FY25. Over the past decade, Umang Dairies earnings have been volatile, driven by challenging market conditions, volatile milk prices, and competitive pressures. 

Umang Dairies EPS reflects its operational performance and ability to generate consistent profits from its dairy processing business. Basic EPS has shown volatile performance, with EPS of ₹1.86 in FY21, -₹6.48 in FY22, -₹1.48 in FY23, ₹0.61 in FY24, and ₹0.28 in FY25. Over the past decade, EPS has fluctuated significantly, representing inconsistent profitability and vulnerability to global economic uncertainties, changing milk price cycles, and evolving consumer demand in the dairy processing industry. 

Umang Dairies P/E ratio reflects investor expectations of the company’s earnings growth and future prospects. The ratio has fluctuated over the years in response to changing market sentiment, industry conditions, and business performance. It increased from 31.69x in 2021 to 124.36x in 2022, 256.25x in 2023, 308.51x in 2024, and currently stands at approximately 307-309x. The current trailing P/E ratio stands at approximately 309, significantly above its historical average, while the price-to-book ratio is about 4.14. The recent elevated valuation reflects investor optimism about Umang Dairies’s growth potential despite the company’s continued profitability challenges. 

Summary 

Umang Dairies Limited operates in the dairy processing sector with established brands and manufacturing capabilities in Uttar Pradesh. Umang Dairies share price reflects the company’s operational performance and the broader developments in the dairy industry. The company faces challenges from volatile milk prices and competitive pressures. Umang Dairies stock price continues to be monitored by investors tracking the small-cap FMCG segment. The company’s long-term performance has been mixed compared to broader market benchmarks.