Dolly is a Brazilian soft drink company based in Diadema, São Paulo which has operated in the Southeast Region of Brazil since its founding in 1987.

In 2015, data from the Nielsen Corporation found that Dolly had a 10% share in Brazil's soft drink market, though its products were distributed primarily in the Southeast Region.

[1] In 2017, an investigation known as Operação Clone (Operation Clone) conducted by the Federal Police of Brazil and the São Paulo State Finance Department found that the company owed upwards of two billion reals in taxes, which the company alleged were stolen from it by a fraudulent accounting firm hired to pay its taxes.

[4][5] Laerte Codonho was arrested by the military police at his home in Granja Viana on 10 May 2018, charged with tax fraud.

[6] The company's mascot is Dollynho, a green humanoid bottle of Dolly soda, voiced by child actor Felipe Machado.

received criticisms for its use of the character in its news graphics after a notable gaffe in which a smiling Dollynho appeared on screen and cheerfully said "goodbye!"