Dabur India shares gain nearly 4% post Q4 earnings; check analysts' views from Jefferies, Morgan Stanley

Dabur India shares rose as much as 3.6% to touch an intraday high of ₹487.35 apiece on Friday, May 8, despite the firm reporting a decline in its consolidated net profit of 15% to ₹369 crore for the quarter ending March 31, 2026. Its net profit for Q4 FY25 was at ₹320 crore.

The company’s revenue from operations stood at ₹3,038 crore during the quarter under review as compared to ₹2,830 crore in the same quarter last fiscal year, marking an increase of 7.3% year-on-year (YoY).

The homegrown FMCG firm’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4 FY26, grew 8.2% to ₹462 crore as against ₹427 crore seen in the corresponding quarter the previous year.

Its margin also improved marginally to 15.21% from an earlier 15.09% YoY.

Dabur’s India FMCG business operating profit rose 12.5% during the quarter, reflecting strong execution in the domestic FMCG business and healthy underlying volume growth of 6%.

In the fourth quarter, Dabur said rural markets continued to outpace urban consumption with rural demand growing ahead of urban India by 350 basis points (bps).

Dabur’s revenue for the full year 2025-26 marked a 5% growth at ₹13,193 crore, while net profit for the year reported a 7.4% growth at ₹1,869 crore.

“The gap between rural and urban growth has narrowed significantly compared to December 2025, reflecting a more balanced consumption recovery. We expect this convergence to continue. Within urban India, e-commerce and modern trade have been driving demand, growing by 49% and 19% respectively,” said Dabur India Global CEO Mohit Malhotra.

Dividend details

Along with its earnings, the Board of Directors of Dabur India Ltd has recommended a final dividend of ₹5.50 per equity share of face value ₹1 (550%) for FY26, subject to approval by shareholders at the upcoming annual general meeting.

"In line with our payout policy, the Board has proposed a dividend of ₹5.50 per share, aggregating to ₹975.50 crore," Dabur India Ltd Group Director P. D. Narang said.

Details regarding the record date, book closure, and dividend payment timeline will be announced in due course. The company's AGM will be held on August 6, 2026.

International business

Despite facing headwinds in the Middle East, Dabur's international business grew by 2.5% during the quarter, led by Sub-Saharan Africa (20%), the UK & EU (10%), Namaste US (6.2%), and Bangladesh (22%).

Dabur India share price

At 11:25 AM, Dabur India shares were trading at ₹480.60 apiece on the National Stock Exchange, rising 0.68%.

In a month, shares of the firm have surged 12%, while for six months’ time, they have fallen 7%. From the beginning of the year, Dabur shares have declined 4%.

The company has a market capitalisation of ₹85,181.47 crore.

Shares of the company had touched their one-year high of ₹577 apiece on September 4, 2025, while their 52-week low of ₹403.35 was hit on April 2, 2026.

Analysts view

The company expects to maintain margins in Q1FY27. Demand trends in Q4 remained steady, with rural growth outpacing urban markets.