Dabur shares rise nearly 2% after Q2 update, expects revenue to grow in mid-single digits

About 60% of Dabur’s India business, including oral care, juices, hair oils, shampoo, digestives, OTC, branded ethicals and culinary will benefit from a GST rate cut from 12%/18% to 5%, as per the company’s exchange filing.

The company noted that nearly 85% of the portfolio is taxed at 5%. "We at Dabur, are committed to pass on the benefit of reduced GST rates to our consumers," the company said.

Following the GST Council’s September 2025 decision, trade saw a temporary disruption as consumers deferred purchases and retailers cleared higher-priced inventory. This moderated sales in September and Q2FY26, the firm said.

Despite this, non-GST impacted brands Dabur Honey, Anmol Coconut Oil, Gulabari and Hajmola Zeera performed strongly. Retail offtakes remained resilient, sustaining or growing market share in over 90% of the portfolio.

For the quarter, Dabur expects consolidated revenue to grow in mid-single digits, with operating profit in line with revenue. The company said GST rate cuts and supportive macro conditions should help strengthen consumption and revenue growth in the coming quarters.

In Home & Personal Care, the oral care segment continued strong growth, with Red Toothpaste and Meswak expected to post double-digit growth. Skin care is projected to grow in high single digits, led by Gulabari and Oxy. Hair care shampoos (led by Vatika) should see high-single digit growth, with hair oils in mid-single digits. The Odonil home-care franchise also performed well, Dabur said.

In Healthcare, brands such as Dabur Honey, Honitus, Hajmola and Health Juices are expected to deliver double-digit growth driven by strong volumes, it added.

In Food & Beverages, Culinary is set for double-digit growth, with strong performance in Oils & Fats. The premium Activ range, including juices and coconut water is expected to grow over 30%, though heavy rains and floods in July-August impacted beverage volumes.

E-commerce, including quick commerce, is expected to grow in double digits, while Modern Trade sustained momentum.

Internationally, Dabur expects strong performance in MENA, Turkey, Namaste and Bangladesh, but Nepal was impacted by political unrest. Overall, international business is likely to grow in mid-single digits in INR and constant currency terms.

Dabur India share price

At 2:08 PM, shares of Dabur India were trading 0.08% higher at ₹493.75 apiece on the National Stock Exchange (NSE). In the past five trading sessions, the company’s shares have dropped 0.33%, while further declining 9.60% over the last month. However, over the past six months, the stock has surged 9.38%. On a year-to-date basis, it has dropped 3.37%.

Dabur India’s shares hit a 52-week high of ₹581.15 on October 7, 2024, and a 52-week low of ₹433.30 on April 7, 2025. As of October 7, the company’s market capitalisation stood at ₹88,001.64 crore.