Dabur India shares fall 3% as earnings fail to impress investors; check all Q2 numbers

Homegrown FMCG firm 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, it said in a regulatory filing.

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.

Dabur India said it recorded steady growth across key verticals, like health supplements, toothpaste, hair care, skin care, and home care. Furthermore, riding on growing demand for its flagship Dabur Red Paste and the premium brand Meswak, Dabur's toothpaste business reported a 14.3% growth in Q2FY26.

International operations delivered strong growth of 7.7% in Q2, with Dubai recording over 17%, the UK (48%), Bangladesh and the US (16% each), and Turkey (over 18%).

Commenting on the earnings, Mohit Malhotra, CEO of Dabur India, said, "Despite a dynamic economic environment and transitional GST headwinds, we delivered robust topline and bottomline growth, reaffirming our leadership across core categories.”

"Our India business reported market share gains across 95 per cent of the portfolio, a clear testament to our focused brand investments and deep consumer connection," he further stated.

On the way forward, Malhotra said, "As macroeconomic indicators turn favourable and GST reforms unlock affordability, Dabur is uniquely positioned to accelerate inclusive growth and reinforce its leadership across segments."

The company is entering a new phase of growth, powered by a future-ready strategy and deep consumer trust, he said, adding that Dabur is investing boldly in premiumisation, digital transformation, and distribution expansion.

Dabur India share price

At 10:55 AM, Dabur India shares were trading at ₹490.35 apiece on NSE, declining 2.23%.

In the last five trading sessions, the stock has lost nearly 4%, while since the beginning of the year, it has fallen 4.3%.

The company’s market capitalisation stands at ₹86,972.90 crore.

Board declares interim dividend

Dabur India's board of directors also declared an interim dividend of ₹2.75 per equity share with a face value of ₹1 each (275%) for FY26.

This aggregates the firm's total payout to ₹487.76 crore.

In a separate regulatory filing dated October 23, it had fixed November 7 as the record date for the same.

Dabur Ventures launch

Dabur India's board of directors also approved the launch of Dabur Ventures, an investment platform with a capital allocation of up to ₹500 crore.

The capital, funded entirely by Dabur's balance sheet, would be invested in acquiring a stake in high-potential, new-age, digital-first businesses that demonstrate strong growth potential and are closely aligned with the company's long-term strategic vision.

“Our approach will be to invest in new-age, future-forward businesses in the spaces of personal care, health care, wellness foods, beverages, and Ayurveda. This initiative underscores our commitment to innovation-led growth while accelerating our premiumisation journey and opening doors to emerging consumer spaces that define the future of our industry,” Malhotra said.