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The Economic Times
The Economic Times
Akash Podishetti

Dabur Q1 Results: Profit rises 15% to Rs 591 crore; revenue up 11%

Dabur India reported a 15% rise in consolidated net profit for the June quarter, marking its third straight quarter of double-digit profit growth, helped by price increases, cost control and broad-based growth across its FMCG portfolio. The company posted net profit of Rs 591 crore for the quarter ended June 30, 2026.

Consolidated revenue rose 11% year-on-year (YoY) to Rs 3,761 crore, while India FMCG business grew 9.5% with underlying volume growth of 5%. Operating profit grew 11% during the quarter.

The company said the quarter was marked by inflationary pressure, geopolitical uncertainty in the MENA region and volatile commodity prices. It said disciplined cost management under Project Samriddhi, operating efficiencies and selective price increases helped protect profitability.

"This marks the third straight quarter of double-digit profit growth for Dabur," said Mohit Malhotra, Global CEO, Dabur India. He said Dabur reported healthy profit growth despite a hyper-inflationary environment.

Dabur also said it gained market share across more than 90% of its portfolio during the quarter.

Rural demand leads again

Rural India continued to outperform urban markets for the eighth consecutive quarter, though the company said the gap between the two has narrowed.

According to syndicated data cited by Dabur, rural demand grew 6.2% in the first quarter, 170 basis points ahead of urban demand growth of 4.6%. The company said urban growth was supported by modern trade, quick commerce and other emerging channels.

Malhotra said the trend reflects a healthier broadening of India’s consumption story across rural and urban markets. But he added that rural demand needs to be watched in view of El Nino, patchy monsoons and inflationary pressure.

Premiumisation also supported growth. Dabur said its premium brands grew at twice the pace of regular brands, while new products contributed 2.6% of revenue. Recent launches such as Siens and Cheers helped the company strengthen its presence in newer consumer segments.

Dabur's three main business verticals contributed to growth during the quarter. Home and Personal Care grew 12.3%, Food and Beverages grew 7.2%, and Healthcare grew 5.5%. Within the HPC portfolio, shampoos were the strongest performer, growing 23%. Hair oils grew 17.6%, while oral care rose 9%. The toothpowder business grew 13.1%.

The Skin and Salon portfolio, led by Gulabari, Fem and Oxylife, grew 8.1%. Home Care rose 6% despite supply chain disruptions caused by the Middle East conflict. In Healthcare, the digestives portfolio grew 11.2%, helped by double-digit growth in Hajmola Tablets, Isabgol and PudinHara. In OTC, Honitus grew 28% and health juices rose 24%. Dabur Honey grew 8% in the health supplements business.

The Foods category grew 29.2%, while Badshah grew 13.2%. Beverages had a weak start because of rain-led demand disruption, but recovered later in the quarter and ended with mid-single-digit growth.

The premium beverage portfolio continued to scale up. Real Activ Juices grew 42%, while Coconut Water grew 73%.

Dabur's international business reported 15.5% growth in rupee terms. Bangladesh grew 34.3%, Egypt rose 28.4%, Sub-Saharan Africa improved 28%, Turkey grew 26.9% and the UK rose 21.9%. The MENA business grew 8.6% despite war-related disruptions in the region.

Dabur said its diversified portfolio helped it deliver growth despite a difficult operating environment. The company’s products reach eight out of every 10 Indian households, and its portfolio includes four Rs 1,000 crore-plus brands, four Rs 500 crore brands and 15 brands in the Rs 100-500 crore range.

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