Dabur India (DABUR) Q1 26/27 earnings summary

Executive summary

• Consolidated revenue grew 10.6% year-over-year in Q1 FY27 to ₹3,764.39 crore, with broad-based growth across India and international markets.

• Net profit for the quarter was ₹586.16 crore, up from ₹508.29 crore year-over-year, with PAT up 15% and operating profit up 11%.

• India FMCG revenue rose 9.5% with 5% volume growth; international business grew 15.5% in INR terms.

• Rural demand outpaced urban, and proactive interventions supported double-digit international growth despite geopolitical and inflationary headwinds.

• Market share gains continued across key categories, supported by robust performance in e-commerce and modern trade.

Financial highlights

• Operating margin increased to 19.69%, with PAT margin at 15.57% and EBITDA (including other income) up 12.6% to ₹913.9 crore.

• Standalone revenue grew 8.8% year-over-year to ₹2,687.3 crore; standalone PAT increased 11% to ₹452.4 crore.

• Hair oil portfolio grew in high teens, with 8% volume growth contributing to an overall 18% value growth.

• Foods business posted around 30% growth; Badshah business grew 13.3% with 11% volume growth domestically.

• Premiumization strategy drove over 40% growth in active juices and 70% in coconut water.

Outlook and guidance

• Management maintains a double-digit revenue growth target at the consolidated level for FY27, supported by resilient brands and pricing power.

• Margins expected to remain accretive to top-line growth, contingent on inflation and geopolitical developments.

• Rural growth expected to remain robust, with recent monsoon recovery supporting positive outlook.

• Auditor’s review report expresses no material misstatement and confirms compliance with regulatory requirements.

• Continued focus on strengthening market share and driving growth in new-age channels.