India FMCG business is expected to accelerate to double-digit growth, while HPC and Food and Beverages are projected to post strong growth
Dabur expects consolidated revenue to grow in double digits in the quarter ended 30 September 2026, while its India FMCG business is also projected to post double-digit growth, supported by broad-based gains across personal care, food and beverages and stronger rural markets, despite renewed geopolitical tensions in the Middle East, commodity inflation and deficient rainfall, according to an exchange filing on Tuesday.
Dabur said it remains optimistic about further acceleration in consumption, supported by the upcoming festive season.
Home and Personal Care (HPC) is expected to record double-digit growth. Hair Oils and Shampoos are projected to deliver high-teens growth, led by performance in both perfumed and coconut hair oils. Dabur said this would mark the fourth consecutive quarter of double-digit growth for the categories.
Oral Care is expected to post mid-single-digit growth on a high base, while Home Care is projected to register high-single-digit growth. Skin Care is expected to grow at double digits.
Dabur’s Healthcare business is expected to record mid-single-digit growth. OTC & Ethicals is projected to register sequential recovery with early-teens growth, while Digestives are expected to post high-teens growth.Health Supplements, however, were impacted by the ongoing transition to refreshed packaging and labels across the portfolio, resulting in a temporary drag on performance during the quarter.
Food and Beverages is expected to record mid-teens growth. Foods is projected to continue its growth momentum with strong double-digit growth, while Beverages is expected to grow in the early teens following a sequential recovery. Dabur attributed the expected growth in Beverages to expanded offerings across formats and price points and a favourable season.
Among distribution channels, Ecommerce and Quick Commerce are expected to report strong growth momentum, supported by the company’s continued investments and focus on an omnichannel distribution approach. Modern Trade continued to grow at double digits.
General Trade continued to grow across both urban and rural markets, with rural markets continuing to outpace urban markets, led by continued efforts under Project Saksham.
Dabur’s International Business is expected to post high-teens growth in INR terms despite severe headwinds in the Middle East. Egypt, Turkey, the US, Bangladesh and the UK each recorded strong double-digit growth in INR terms.
Inflationary pressures remained elevated, particularly in HPC and OTC and Ethicals, Dabur said. Operating margins were impacted during the quarter, with the pressure partly offset by calibrated price increases and ongoing cost-saving initiatives.
Profit after tax is expected to continue to grow at a double-digit level. Dabur said its key brands continued to deliver robust growth across categories, supported by focused brand investments and wider distribution reach.
During FY26, Dabur recorded consolidated revenue from operations of Rs 13,192 crore and consolidated profit after tax of Rs 1,895 crore.
The company said the Q2 FY27 update provides an overall summary of performance and demand trends during the quarter and will be followed by detailed financial results and an earnings presentation once the Board of Directors approves the consolidated and standalone financial results.
