Dabur India Ltd - Update for Quarter ended March 31, 2026

This update provides an overall summary of the performance and demand trends witnessed during the quarter ended March 31, 2026 (Q4 FY26). This will be followed by detailed financial results and earnings presentation once the Board of Directors of the Company approves the consolidated and standalone financial results for the quarter ended March 31, 2026.

The quarter ended 31st March 2026 witnessed steady momentum in the domestic India business, underpinned by a stable macroeconomic environment. This strong domestic performance helped offset challenges in our key international markets particularly Middle East, where heightened geopolitical tensions led to demand disruptions and supply chain constraints.

The India FMCG business witnessed sequential recovery in demand and is likely to record high-single digit growth.

Home & Personal care business sustained its double-digit growth trajectory and is likely to grow in midteens. This growth is expected to be led by Hair Oils, Shampoo and Home Care, which are likely to record growth in twenties. Key brands which are expected to record healthy volume-led growth are Dabur Amla franchise, Vatika Shampoo, Dabur Almond, Odonil, Odomos, Meswak and Gulabari. Majority of the portfolio continued to outpace category growth and is expected to register market share gains during the quarter.

In the Healthcare vertical, Dabur Honey, Honitus, Health Juices and Hajmola franchise are expected to report robust double-digit growth. Dabur Glucose was impacted on account of unseasonal rains in key markets in March. Overall, Healthcare business is expected to report low-single digit growth.

F&Bvertical saw a sequential improvement and is expected to register low-single digit growth inthe quarter. Foods, Real Activ Juices and Coconut Water continued to clock 20%+ growth rates. Out of Home portfolio was impacted on account of unseasonal rains in key markets. Real brand continued to outpace category growth and gained market shares across Nectars, Juices and Coconut Water.

In terms of channels, organised trade including Modern trade, E-commerce and Quick commerce maintained their growth momentum alongside a steady recovery in the General Trade.

In International business, while Middle East business was impacted on account of the US-Israel- Iran conflict, our other key markets like Turkey, Bangladesh and UK performed well and continue to grow in double-digits in constant currency terms. We expect our international business to record low-single digit growth in INR terms.

Overall, we expect consolidated revenues to grow in mid-single digits with operating profit growing ahead of the topline.

Going forward, we anticipate a progressive recovery in domestic demand, driven by improving consumption trends. We remain watchful of the evolving geopolitical landscape and will continue to take proactive measures to mitigate any potential impact on our operations and cost structure.

Shares of Dabur India Limited was last trading in BSE at Rs. 417.10 as compared to the previous close of Rs. 415.15. The total number of shares traded during the day was 60737 in over 3216 trades.

The stock hit an intraday high of Rs. 420.00 and intraday low of 403.50. The net turnover during the day was Rs. 24817193.00.

Source : Equity Bulls

Keywords

DaburIndia INE016A01026 PersonalProducts PerformanceUpdate Q4FY26