Dabur India shares drop nearly 4% as Q3 business updates fail to impress investors

The firm expects consolidated revenue to grow in the mid-single digits, with operating profit and profit after tax to grow ahead of revenue. “Favourable macroeconomic conditions and recent tax reforms are expected to support a sustained recovery in demand and improvement in revenue trajectory in the coming quarters,” it said.

During the quarter, early signs of demand recovery were witnessed, aided by GST rate revisions. In the month of October 2025, distributors and retailers focused on liquidating the existing higher-priced inventory in the channel, the company said.

Post trade stabilisation, Dabur said consumer sentiment improved in urban and rural areas. The rural demand continued to outperform urban demand this quarter as well, it added.

Segment-wise updates

“Within the India business, we expect the Home & Personal Care business to grow in double digits on the back of strong growth in the hair oils and oral care categories. Key brands which are likely to record healthy volume-led growth are the Dabur Amla franchise, Dabur Almond, Dabur Anmol, Dabur Red Toothpaste and Meswak. The majority of the portfolio continued to outpace category growth and is expected to register market share gains during the quarter,” the company said in a regulatory filing.

Dabur further added healthcare is expected to witness a sequential improvement in the growth trajectory supported by nearly 10% growth in Dabur Honey and 15%+ YoY growth in both Honitus and Health Juices.

Within F&B, culinary business is expected to record double-digit growth. In beverages, the Nectars & Drinks portfolio is expected to report muted performance due to adverse seasonality in the reporting quarter.

In terms of channels, organised trade will maintain its strong growth momentum, with e-commerce, including quick commerce, expected to grow in strong double digits.

“In international business, key geographies like MENA, Turkey, Namaste and Bangladesh have performed well. Consequently, we expect our overall international business to post near double-digit growth in INR terms,” the company further said.

Dabur India share price

At 10:40 AM, shares of Dabur India were trading at ₹512.90 apiece on NSE, declining 1.59%.

In the last five trading sessions, the stock has rallied nearly 4%, while over a month’s time, the stock has gained 2%.

The company has a total market capitalisation of ₹91,345.04 crore, according to data from the NSE.

Shares of Dabur India had touched their one-year high of ₹577 apiece on September 4, 2025, while their 52-week low of ₹433.3 was hit on April 7, 2025.

Dabur India Q2 earnings

The homegrown FMCG firm had reported its second-quarter results for the 2025-26 financial year, posting a 6.53% year-on-year (YoY) surge in its consolidated net profit to ₹453 crore. In the corresponding period of the 2024-25 fiscal year (Q2FY25), the company had clocked a profit of ₹425 crore.

During the quarter under review, the FMCG firm’s revenue from operations advanced 5.37% YoY to ₹3,191.32 crore, as against ₹3,028.59 crore in the September quarter of FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at ₹588 crore in Q2FY25, marking a 6.4% YoY jump from ₹553 crore in the year-ago period. Its EBITDA margin expanded by 19 basis points (bps) YoY to 18.43% during the quarter, compared to 18.24% in Q2FY25.