, one of the country’s leading FMCG majors, announced its Q4 and FY26 results today after market hours, reporting a 16% growth in consolidated net profit for the March quarter at ₹362 crore, beating Street estimates, supported by steady domestic demand, even as its international business faced challenges amid the West Asia crisis.
Its revenue from operations during the reporting quarter stood at ₹3,038 crore, marking a 7.3% increase from ₹2,830 crore a year ago, aided by double-digit expansion in the HPC business, which grew 16.8%.
The Healthcare and F&B segments reported revenue increases of 3.6% and 3.2%, respectively, with revenues coming in at ₹545 crore and ₹404 crore.
India FMCG business operating profit rose 12.5% during the quarter, reflecting strong execution in the domestic FMCG business along with healthy underlying volume growth of 6%.
Dabur India said in its earnings filing that rural markets continued to outpace urban consumption, with rural demand growing 350 basis points ahead of urban India. “That said, the gap between rural and urban growth has narrowed significantly compared to December 2025, reflecting a more balanced consumption recovery,” said Global Chief Executive Officer Mohit Malhotra.
“Quick commerce is driving the online business, posting a growth of 54%. This channel was a major contributor to our Foods business, which grew by 30% in Q4,” he added.
In the international market, revenue recorded a modest growth of 2.5% to ₹834 crore, contributing 28% to the overall revenue. The performance was impacted by elevated freight costs and weak consumer demand in select markets amid heightened geopolitical tensions in the Middle East.
For the full year 2025-26, the company posted a 5% growth in revenue at ₹13,193 crore, while net profit for the year stood at ₹1,869 crore, a 7.4% jump from last fiscal.
Dabur declares a ₹5.5 final dividend
Along with its financial performance, Dabur India announced a final dividend of ₹5.5 per share for FY26, taking the total for FY26 to ₹8.25 per share. “In line with our payout policy, the Board has proposed a dividend of ₹5.50 per share, aggregating to ₹975.50 crore,” said Group Director P.D. Narang.
Management commentary on inflation and pricing
Global Chief Executive Officer Mohit Malhotra said during the quarterly analyst call that the ongoing conflict in the Middle East is leading to inflationary pressures across markets and geographies.
“With the war happening in the Middle East, we see a cascading impact happening across all countries and geographies, and therefore the inflation has really picked up, and now we see an inflation of roughly around 10% hitting us in a lot of portfolios,” Malhotra said.
He further said the company has already implemented price hikes to mitigate the impact of inflation.
“We’ve already announced a 4% price increase across different parts of the business to mitigate that inflationary impact that we are seeing,” he added.
“Another initiative that we are taking is shrinkflation. So, all the 10 rupee and 20-rupee packs, we are reducing grammages,” Malhotra said.
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