Dabur India Ltd(DABUR)

NSE: DABURBSE: 500096

₹ 366-0.85%refreshed 23 Oct, 03:51 pm ISTMarket cap: ₹ 64,927 crNext results: 4 Nov 2026Website: www.dabur.comUpdated: 24 Oct 2026

About

Dabur India Ltd is an FMCG company selling health care, home and personal care, and food and beverage products across India and more than 70 countries. The company reported FY26 consolidated revenue of Rs 13,192.57 Cr and employs 7,743 people across 21 nationalities. It is the second most distributed FMCG company in India, with products present in 8 out of 10 Indian households.^[1][2]

Business segments

Consumer Care Business (Health Care and Home & Personal Care) accounted for 55.3% of consolidated sales in FY26, generating segment revenue of Rs 10,864.07 Cr with EBIT margin of 22.8%.^[2][3]
Foods & Beverages Business accounted for 14.4% of consolidated sales in FY26, generating segment revenue of Rs 2,015.55 Cr with EBIT margin of 11.9%.^[2][3]
International Business accounted for 27% of consolidated sales in FY26, with regional split: Middle East 27%, Africa 23%, Americas 19%, Europe 16%, Asia 15%.^[2]

Products and brands

Dabur owns 70+ brands and operates 9 Power Brands, with the portfolio structured into 9 major categories across its three business units as of FY26.^[2]
Flagship and key brands include Dabur Red and Meswak (oral care), Vatika and Dabur Amla (hair care), Real and Real Activ (beverages), Honey, Chyawanprash, Hajmola, Honitus, and Odonil (home care).^[2][4][5]
Siens, a D2C nutraceutical brand, was launched toward end of FY26 and grew 3x in Q1 FY27, with management targeting approximately Rs 50 Cr ARR exit rate by end of FY27.^[4]
Badshah masala, acquired earlier, has scaled from Rs 220 Cr at acquisition to approximately Rs 400 Cr ARR as of Q1 FY27, growing 13.3% YoY led by ~11% domestic volume growth.^[4]

Manufacturing and operations

Dabur operates 21 manufacturing facilities: 13 locations in India and production units in 8 overseas markets (UAE, Egypt, Turkey, Nigeria, South Africa, Nepal, Bangladesh, Sri Lanka) as of FY26.^[2]
The UAE (RAK) manufacturing unit has capacity of over 70,000 MT / 9.5 million cases of finished goods annually and supplies more than 70 countries as of FY26.^[2]
Turkey's Hobi Kozmetik factory near Istanbul has manufacturing capacity of 55,000 MT per annum of liquid soaps, shampoos, conditioners, hair care, bodywash and skin care products as of FY26.^[2]
Dabur consumes 0.5 million tons of raw and packing materials globally, supplied by 1,139 active vendors as of FY26.^[2]
Backward integration includes 14,872 farmers in herb cultivation and collection and 18,041 farmers in beekeeping, supported by 8 Bioresources Development farms as of FY26.^[2]

Key operating numbers

India FMCG volume growth was 5% in Q1 FY27, with consolidated operating margin of 19.7% (+10 bps YoY) despite ~8% input cost inflation.^[4]
Hair oil portfolio grew ~18% in Q1 FY27 with 8% volume growth; consolidated hair care market share gained 107 bps in Q1 FY27.^[4]
Active juices grew over 40% and coconut water grew over 70% in Q1 FY27, gaining ~600 bps and 344 bps market share respectively.^[4]
New age channels (e-commerce, quick commerce, modern trade) contributed 21% of sales in FY26; e-commerce alone contributed ~9% in FY26.^[4]
New product development contributed 2.1% of sales in FY26.^[4]
Advertisement and publicity spend was Rs 229.5 Cr in Q1 FY27, up 13.6% YoY.^[4]
Rural demand outpaced urban by 550 bps within Dabur's General Trade numbers in Q1 FY27.^[4]

Distribution and reach

Dabur is the second most distributed FMCG company in India with distribution covering 8.5 million retail outlets as of FY26 / Q2 FY26.^[2][6]
NewU, Dabur's beauty retail chain, operates 105 stores across 55 cities with a customer database of over 3 million members; private labels contribute around 22% of NewU sales as of FY26.^[2]
International business delivered 15.5% INR growth (7.2% constant currency) in Q1 FY27, with Turkey +26.9%, Bangladesh +34.3%, Nigeria +35.1% and Egypt +28.4% in INR terms.^[4]

Expansion and capex

A greenfield manufacturing facility in Tamil Nadu is expected to commence operations by end of FY27; Rs 400 - 500 Cr capex is earmarked globally for routine capacity expansion including this facility.^[4]
Dabur Ventures was launched with Rs 500 Cr capital allocated over the next few years to invest in digital-first brands in home/personal care, healthcare, wellness foods, and beverages adjacencies.^[6]
Dabur Ventures is targeting 1 - 2 sizable D2C acquisitions over a 3-year horizon and is currently in discussion with 2 - 3 companies as of Q1 FY27.^[4]

Recent developments

NCLT approved the amalgamation of Sesa Care Private Limited with Dabur India Limited in September 2026, effective April 1, 2026; Sesa Care (Dabur held 51%) becomes a subsidiary pending statutory filings.^[7][8]
For Q2 FY27 (quarter ended September 30, 2026), Dabur guided for double-digit consolidated revenue growth, with Hair Oils and Shampoos expected at high-teens growth and Skin Care at double-digit growth.^[9]
Vatika Bio-Infusions, described as India's first no-added salt shampoo, was launched in Q1 FY27 as part of the premium hair care expansion.^[4]
Geographic expansion of Badshah masala extended from Gujarat and Maharashtra to Madhya Pradesh, Rajasthan, and Delhi NCR as of Q1 FY27.^[4]

Market Cap

₹64,927 Cr

High / Low

₹534 / 368

Stock P/E

34.7

Price / Book

6.0

Book Value

₹64

EPS

₹10.7

No. of Shares

177.37 Cr

ROCE

20.5%

ROE

17.1%

OPM

18.7%

Debt / Equity

0.09

Sales

₹13,193 Cr

Net Profit

₹1,869 Cr

Promoter holding

66.3%

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Dabur India Ltd(DABUR)

About

Business segments

Products and brands

Manufacturing and operations

Key operating numbers

Distribution and reach

Expansion and capex

Recent developments

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