Dino Polska stock forecast: H1 sales growth slows

Dino Polska is a Polish grocery retailer. In H1 2026, revenue rose 12.5% year on year to 18.0bn PLN, while like-for-like sales growth slowed to 2.2%. Explore third-party DNP price targets and technical analysis. Past performance is not a reliable indicator of future results.

By Dan Mitchell45 minutes ago

Dino Polska stock forecast — Photo: Shutterstock.com

Dino Polska SA (DNP) is trading around 34.71 PLN at 9:24am UTC on 15 September 2026, within an intraday range of 34.58–35.38 PLN. Past performance is not a reliable indicator of future results.

The move follows Dino's first-half report, which showed revenue rising 12.5% year on year to 18.0bn PLN, while like-for-like sales growth slowed to 2.2% from 4.8% a year earlier as price deflation persisted across core grocery categories (Dino Polska, 20 August 2026). Management expects a gradual improvement in like-for-like sales in the second half while prioritising volume growth over pricing (Dino Polska, 20 August 2026).

Dino also opened 148 stores in the first half of 2026, keeping network expansion in focus alongside sales growth, costs and margins (Investing.com, 21 August 2026).

Third-party DNP outlook: H1 sales slow, network expands

As of 15 September 2026, third-party Dino Polska stock predictions show a relatively wide range of views on margins, costs and continued store-network growth. The following third-party estimates were captured between August and September 2026.

Morgan Stanley (broker rating)

Morgan Stanley sets a price target of 22.70 PLN, down from 23.40 PLN, while maintaining an underweight rating. The bank cites continued pressure on gross margins from grocery-price deflation as a reason for its cautious view (MarketScreener, 28 August 2026).

Bernstein (house view)

Bernstein sets a price target of 25 PLN and maintains an underperform rating after updating its earnings model following the results. The broker highlights the risk that cost growth could outpace revenue gains as store openings continue (Webull, 23 August 2026).

Simply Wall St (consensus overview)

Simply Wall St reports a consensus target of 35.85 PLN, with individual estimates ranging from 23.40–52.80 PLN. It notes that the average target remained broadly unchanged after the second-quarter results as most analysts left their forecasts intact (Simply Wall St, 24 August 2026).

Investing.com (consensus overview)

Investing.com gives Dino an average 12-month target of 35.74 PLN, based on 17 analysts. Its consensus rating is buy, comprising eight buy, five hold and four sell recommendations. The average target was 0.96% above the closing price used at the time (Investing.com, 11 September 2026).

Wood & Company (broker rating)

Wood & Company sets a target of 42.90 PLN, down from 49.90 PLN, while upgrading its rating to buy from sell. The revision formed part of a wider review of Polish food-retail companies (MarketScreener Italia, 25 August 2026).

Across these views, individual broker targets range from 22.70–42.90 PLN, while the cited aggregator consensus figures sit around 35–36 PLN. The broader range of estimates extends beyond this, illustrating differing expectations around profitability, costs and growth.

Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.

Dino Polska: latest and upcoming earnings

Dino Polska published its first-half 2026 results on 20 August. Revenue reached 18.0bn PLN, up 12.5% year on year, while second-quarter net profit rose to 400.1m PLN, ahead of analyst expectations of around 376m PLN (Dino Polska, 20 August 2026; MarketScreener, 20 August 2026).

Like-for-like sales growth slowed to 2.2% from 4.8% a year earlier, which Dino attributed to continued grocery-price deflation. Its store network reached 3,176 outlets as at 30 June 2026, up from 2,835 a year earlier, after 148 openings during the first half.

Dino's next scheduled release is its consolidated third-quarter report, due after market close on 5 November 2026 (Dino Polska, 22 January 2026). No third-quarter trading update or preliminary figures had been published as at 15 September.

Past financial performance is not a reliable indicator of future results, and figures for periods not yet reported remain subject to change until officially released.

Dino Polska stock price: technical overview

As of 9:24am UTC on 15 September 2026, the DNP stock price trades near its 20-, 50-, 100- and 200-day simple moving averages (SMAs), at approximately 35 PLN, 33 PLN, 31 PLN and 35 PLN, respectively. This mixed cluster does not provide a clear directional signal, according to TradingView. The 20-day SMA sits above the 50-day average, while the 200-day SMA remains close to the current price.

The 14-day relative strength index (RSI) is near 51, around neutral levels. The 14-day average directional index (ADX) is roughly 33, suggesting a relatively established trend without indicating its direction (TradingView).

Above the current price, classic pivot resistance R1 sits near 38.06 PLN, followed by R2 at 40.14 PLN, based on TradingView data.

Below it, the central pivot near 34.84 PLN provides an initial reference, with the 100-day SMA around 31.41 PLN further below. A move above nearby resistance could bring higher reference levels into focus, while weakness below the central pivot could shift attention towards the 100-day SMA. Neither outcome is certain (TradingView, 15 September 2026).

This is technical analysis for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.

DNP share price history (2024–2026)

DNP’s stock price traded near 48 PLN in early September 2025, reaching a two-year closing high of 47.90 PLN on 8 September before moving lower through the autumn. The shares briefly recovered above 45 PLN in late October and early November, including an intraday high of 46.60 PLN on 30 October, before ending 2025 at 41.35 PLN.

The stock began 2026 around 41 PLN and climbed to an intraday high of 42.68 PLN on 8 January. It then traded broadly between 38–42 PLN through much of the first quarter before falling from a 40.31 PLN close on 26 March to 33.10 PLN the following session. Prices remained mostly within 32–35 PLN during April and May, although DNP also recovered from 29.14 PLN on 14 May to 32.59 PLN by 20 May.

The decline resumed into the summer, taking the shares to a two-year intraday low of 26.90 PLN on 8 July 2026. DNP subsequently recovered to close at 37.47 PLN on 8 September before giving back part of that move, ending 15 September at 34.84 PLN. That left the shares approximately 25.8% below their 46.95 PLN close on 15 September 2025, based on the supplied daily closing-price data.

Past performance is not a reliable indicator of future results. Share prices are indicative and may differ from live market prices.

Dino Polska (DNP): Capital.com analyst view

Dino Polska's 2026 performance has coincided with continued store expansion and slower like-for-like sales growth. First-half revenue rose 12.5% year on year, while like-for-like growth slowed to 2.2% from 4.8%, a change management linked to grocery-price deflation.

Continued expansion could support revenue if new stores add sufficient sales volume. However, opening stores also increases costs, which could put pressure on margins if like-for-like growth remains subdued or operating expenses rise faster than sales.

Pricing conditions create a similar balance. Improving volumes or easing deflation could support revenue and margins, while persistent price pressure or faster cost growth could weigh on profitability. Management's focus on volume growth may therefore become increasingly relevant as the second half develops.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Past performance is not a reliable indicator of future results.

Summary – Dino Polska 2026

As of 9:24am UTC on 15 September 2026, Dino Polska traded near 34.71 PLN, within an intraday range of 34.58–35.38 PLN.
According to TradingView data, the shares sit within a mixed moving-average cluster, with RSI near 51 around neutral levels and ADX near 33 suggesting a relatively established trend without specifying its direction.
First-half revenue rose 12.5% year on year, while like-for-like sales growth slowed to 2.2% amid continued grocery-price deflation.
Dino opened 148 stores in the first half, keeping network expansion in focus alongside its potential effects on revenue, costs and margins.

Past performance is not a reliable indicator of future results.

FAQ

Who owns the most Dino Polska stock?

The article does not identify Dino Polska's largest shareholder, so it would not be accurate to name one here. Instead, it focuses on the company's financial performance, store-network expansion and analyst forecasts. Shareholdings can change over time as investors buy or sell stock. Anyone researching Dino's ownership structure should therefore refer to the company's latest regulatory filings and shareholder disclosures for the most recent information.

What is the five-year Dino Polska share price forecast?

The article does not provide a five-year DNP stock forecast. The cited third-party estimates focus mainly on a 12-month horizon, with individual broker targets ranging from 22.70–42.90 PLN and cited consensus estimates around 35–36 PLN. Longer-term forecasts involve greater uncertainty because sales growth, margins, store expansion, costs and pricing conditions can change materially over time. Analyst targets should not be treated as reliable indicators of future performance.

Is Dino Polska a good stock to buy?

Whether Dino Polska is suitable to buy depends on an individual's objectives, risk tolerance and assessment of the company. The article highlights both potentially supportive and adverse factors. Continued store expansion and higher revenue could support growth, while slower like-for-like sales, grocery-price deflation and rising expansion costs could pressure margins. These factors can develop in different directions, and the article does not recommend buying or selling Dino Polska shares.

Could Dino Polska stock go up or down?

Yes. Dino Polska shares could move in either direction as sales, margins and expansion costs develop. Stronger volumes, easing price deflation or successful new-store growth could support revenue and profitability. Conversely, persistent deflation, weaker like-for-like sales or costs rising faster than revenue could weigh on margins. Technical indicators in the article also provide a mixed picture, with the share price sitting within a cluster of moving averages and no clear directional signal.

Should I invest in Dino Polska stock?

That depends on your financial circumstances, objectives and tolerance for risk. The article does not recommend investing in Dino Polska. Instead, it outlines factors that market participants may consider, including revenue growth, like-for-like sales, grocery-price deflation, margins and continued store expansion. Third-party forecasts also vary considerably, reflecting different assumptions about future growth and profitability. Past performance and analyst price targets should not be relied on as indicators of future returns.

Can I trade Dino Polska CFDs on Capital.com?

Yes, you can trade Dino Polska CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.