Dino Polska S.A./zł DNP

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About Dino Polska S.A.

Dino Polska S.A. operates as a retail grocery chain in Poland, focusing on the supermarket segment. The company offers a range of food products, including fresh produce, meats, dairy, and packaged goods, alongside household essentials. Established in 1999, Dino has grown consistently, operating a network of stores primarily in smaller towns and suburban areas across Poland. Headquartered in Krotoszyn, the firm's logistical strategy includes a centralized distribution system that supports its network efficiently. Dino Polska's competitive strength lies in its focus on freshness, local presence, and strategic expansion of stores, positioning it well within the Polish grocery retail space.
Ticker
zł DNP
Primary listing
WSE
Employees
55,856
Headquarters
Krotoszyn, Poland

Dino Polska S.A. Metrics

BasicAdvanced
zł 35B
22.33
zł 1.60
0.48
-

Bulls say / Bears say

Dino continues to compound its footprint rapidly. H1 2026 revenue rose 12.5%, with 148 new shops taking the network to 3,176 locations, giving the company a sizeable runway for further growth in Poland. (Dino Polska)
Its convenience-led format has a differentiated fresh-food offer: fresh products generated 41.3% of H1 revenue, with produce, bread and in-house meat delivered to shops daily. That can support frequent visits and make the chain less dependent on competing only on price. (Dino Polska)
Dino has substantial financial flexibility to keep expanding. Net debt to EBITDA was only 0.03 times at the end of H1 2026, while the company continued investing heavily without taking on meaningful leverage. (Quartr)
Like-for-like sales growth slowed to 2.2% in H1 2026 and just 0.3% in Q2, showing that the mature estate is losing momentum. That makes the business more reliant on opening new shops to deliver growth. (Reuters)
Dino is sacrificing some profitability to keep prices competitive while labour costs rise. Q2 EBITDA margin fell to 6.98% from 7.54% a year earlier after a wage hike and weaker food-price dynamics squeezed margins. (Reuters, Dino Polska)
The rollout is becoming increasingly capital-heavy relative to sales from existing shops. Selling area grew 12.4% year on year while H1 like-for-like sales rose only 2.2%, and planned 2026 investment is about PLN 2.5 billion, raising the risk that newer locations earn weaker returns. (Dino Polska, Strefa Inwestorów)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.

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