Dabur India Ltd logo

Dabur India Ltd

DABUR NSE

Key Fundamentals

MidcapPersonal CareConsumer Goods
Market Cap
₹73,113 Cr
Volatility
Moderate
P/E Ratio
36.87
EBITDA
₹3,052 Cr
Return on Equity
15.83%
Debt to Equity
0.11
Book Value
₹64.37
EPS
₹10.6
52W High
₹577
52W Low
₹403.35

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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62 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 70.1%

Weaknesses

1
  • The company has delivered a poor sales growth of 6.65% over past five years.

Growth Rate

Revenue Growth
5.18% ↘
Net Income Growth
7.37% ↘
Cash Flow Change
29.79% ↗
ROE
1.93% ↘
ROCE
3.15% ↘
EBITDA Margin (Avg.)
1.24% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Dabur India Ltd is a ₹72,803 crore FMCG company trading at a PE of 37.2x with a 5-year compounded sales CAGR of 7% and profit CAGR of just 2%. FY26 consolidated revenue grew 5% to ₹13,193 crore and net profit grew 7.4% to ₹1,869 crore, while the stock has declined 21% over the past one year, underperforming the broader market.

Bull Case 8
  • Q4 FY26 net profit surged 16% YoY to ₹362 crore, indicating an earnings recovery trajectory after several muted quarters
  • Consistent dividend payout ratio of 70.1% with a current dividend yield of 2.01%, providing income support in a declining stock price environment
  • Rural demand outpacing urban by 350 basis points in Q4 FY26, benefiting Dabur's rural-heavy distribution which reaches over 100,000 villages
  • India FMCG business grew 9.5% in Q1 FY27 with underlying volume growth of 5%, signalling improving domestic momentum
  • Badshah Masala integration progressing well with 13.3% revenue growth and ~11% volume growth, reaching an exit run rate of ₹400 crore and expanding into new geographies
  • E-commerce channel grew 54% in Q4 FY26, diversifying revenue mix away from traditional trade dependence
  • 10-year average ROE of 21% demonstrates long-term capital efficiency, even though the most recent year dipped to 17%
  • Ad spends rose 14% to ₹149 crore in Q4 FY26, reflecting management willingness to invest behind brands for future volume recovery
Bear Case 8
  • Stock has delivered negative returns over 1-year (-21%), 3-year (-10% CAGR), and 5-year (-7% CAGR) periods, significantly destroying shareholder value
  • 5-year compounded profit growth of only 2% indicates prolonged earnings stagnation relative to the premium PE of 37.2x
  • Q4 FY26 volume growth of 6% lagged behind peers Marico (9%) and Godrej Consumer (8%), pointing to market share pressure
  • Full-year FY26 revenue growth of just 5% to ₹13,193 crore remains well below what a 37x PE multiple typically warrants
  • ROE has declined from a 10-year average of 21% to 17% in the latest year, reflecting diminishing return on capital efficiency
  • 10-year sales CAGR of only 5% suggests structural low-single-digit topline growth, limiting scope for re-rating
  • Price-to-book of 6.34x is elevated for a business growing revenue at mid-single digits, implying limited margin of safety
  • International business faces currency headwinds and geopolitical risks across MENA, Turkey, and Africa markets, constraining consolidated growth

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 2
  • US FDA warning on Silvassa plant Aug 6

    FDA issued warning letter dated July 24 citing data integrity issues at Dabur's Silvassa manufacturing plant, requiring response within 15 working days.

  • FSSAI labelling action on foods Aug 4

    FSSAI issued order on product labelling affecting specific food items in Dabur's portfolio. High Court stayed the ban on Aug 7 but matter remains pending.

Positives 4
  • Q1 net profit surges 15% Jul 29

    Q1 FY27 net profit rose 15% to ₹591 crore, consolidated revenue up 10.6% to ₹3,764 crore, India FMCG business grew 9.5%.

  • ESG rating upgraded to Strong Jul 30

    Crisil upgraded Dabur's ESG rating to Strong, citing robust performance on environmental and governance parameters.

  • ₹5.50 final dividend approved Aug 6

    Shareholders approved ₹5.50 per share final dividend for FY26 at 51st AGM held August 6, 2026.

  • Double-digit volume growth target Jul 30

    Dabur targets double-digit sales volume growth for FY27 with PAT outpacing revenue, allocated ₹500 crore to Dabur Ventures for D2C acquisitions, and reported 18% hair oil value growth in Q1.

Neutral 4
  • New CEO Herjit Bhalla appointed Jul 29

    Herjit S. Bhalla appointed CEO for India Business effective April 23, 2026, following board-approved internal restructuring on July 29.

  • Acquisition talks with 2-3 firms Jul 29

    Dabur executive confirmed active acquisition discussions with 2-3 firms; no deal values, targets, or timelines disclosed yet.

  • GST audit penalty of ₹25 lakh Aug 4

    Dabur paid ₹25.39 lakh penalty to close GST audit proceedings for FY21-FY24 related to ineligible ITC in Ghaziabad.

  • AGM director reappointments approved Aug 7

    Shareholders reappointed directors Saket Burman, Rajiv Mehrishi, and Mukesh Hari Butani; all seven resolutions passed with significant majority.

TL;DR: Dabur delivered a solid Q1 FY27 with 15% profit growth, healthy volume momentum, and an ESG upgrade reinforcing governance credentials. Key risks include the US FDA warning letter on the Silvassa plant requiring remediation and pending FSSAI regulatory proceedings on food labelling, though the High Court stay provides interim relief. The company's strategic posture is growth-oriented with ₹500 crore earmarked for D2C acquisitions and active M&A discussions. The trend is improving on fundamentals but regulatory overhangs need monitoring over the next quarter.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,130
3,204
3,255
2,815
3,349
3,029
3,355
2,830
3,405
3,191
3,559
3,038
3,764
Expenses
2,526
2,543
2,588
2,348
2,694
2,476
2,673
2,403
2,737
2,603
2,825
2,577
3,024
Operating Profit
605
661
667
466
655
553
682
427
667
588
734
461
741
OPM %
19%
21%
20%
17%
20%
18%
20%
15%
20%
18%
21%
15%
20%
Other Income
110
117
127
129
129
152
129
141
144
140
126
175
173
Interest
24
28
36
35
33
47
44
39
35
40
31
40
37
Depreciation
97
98
97
107
109
111
109
117
114
115
117
122
121
PBT
593
651
661
453
642
546
658
412
663
573
711
474
756
Tax %
23%
22%
23%
25%
23%
24%
22%
24%
23%
22%
22%
24%
22%
Net Profit
457
507
506
341
494
418
516
313
508
445
554
362
586
EPS in Rs
2.62
2.91
2.9
1.97
2.82
2.4
2.95
1.81
2.9
2.55
3.16
2.08
3.33
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
7,795
7,780
7,614
7,722
8,515
8,685
9,562
10,889
11,530
12,404
12,563
13,193
13,552
Expenses
6,475
6,261
6,102
6,104
6,775
6,892
7,560
8,637
9,367
10,004
10,247
10,743
11,029
Operating Profit
1,320
1,518
1,512
1,617
1,740
1,792
2,002
2,252
2,162
2,400
2,316
2,450
2,524
OPM %
17%
20%
20%
21%
20%
21%
21%
21%
19%
19%
18%
19%
19%
Other Income
154
217
296
291
222
205
325
308
445
482
551
585
613
Interest
40
48
54
53
60
50
31
39
78
124
164
145
147
Depreciation
115
133
143
162
177
220
240
253
311
399
446
469
476
PBT
1,319
1,554
1,611
1,693
1,725
1,728
2,056
2,269
2,219
2,359
2,258
2,420
2,513
Tax %
19%
19%
21%
20%
16%
16%
18%
23%
23%
23%
23%
23%
—
Net Profit
1,068
1,254
1,280
1,358
1,446
1,448
1,695
1,742
1,701
1,811
1,740
1,869
1,947
EPS in Rs
6.07
7.11
7.25
7.69
8.17
8.18
9.58
9.84
9.64
10.4
9.97
10.68
11.12
Div. Payout %
33%
32%
31%
81%
34%
37%
50%
53%
54%
53%
80%
77%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
176
176
176
176
177
177
177
177
177
177
177
177
Reserves
3,178
3,995
4,671
5,530
5,455
6,429
7,487
8,205
8,796
9,689
10,623
11,242
Borrowings
734
805
975
938
699
522
509
1,030
1,174
1,365
950
1,287
Other Liabilities
2,019
1,956
1,910
2,058
2,106
2,209
2,661
2,872
3,505
3,885
4,479
4,773
Total Liabilities
6,106
6,932
7,732
8,702
8,437
9,337
10,833
12,284
13,652
15,116
16,230
17,480
Fixed Assets
1,877
1,667
1,958
2,028
1,969
2,253
2,243
2,308
3,579
3,815
3,990
3,938
CWIP
50
45
42
42
64
147
147
168
175
232
169
139
Investments
1,813
2,691
3,240
3,805
3,359
2,800
4,160
6,220
6,265
6,933
7,468
8,947
Other Assets
2,365
2,529
2,492
2,827
3,045
4,137
4,283
3,589
3,633
4,136
4,603
4,456
Total Assets
6,106
6,932
7,732
8,702
8,437
9,337
10,833
12,284
13,652
15,116
16,230
17,480
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,047
1,187
1,227
1,092
1,499
1,614
2,115
1,802
1,488
2,013
1,987
2,579
Investing
-876
-730
-807
-541
338
-517
-1,404
-1,273
-583
-971
-448
-1,279
Financing
-417
-374
-339
-577
-1,888
-1,043
-613
-490
-1,035
-1,161
-1,405
-1,236
Net Cash Flow
-245
82
81
-27
-51
54
97
38
-130
-119
133
64
Free Cash Flow
796
998
741
891
1,274
1,213
1,808
1,433
1,003
1,453
1,448
2,180
CFO/OP
97
97
102
88
106
107
122
97
92
104
103
122
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
33
38
31
33
36
34
21
22
27
26
26
20
Inventory Days
136
150
153
169
154
164
178
169
158
149
175
166
Days Payable
153
182
181
190
172
176
197
178
171
186
215
212
Cash Conversion Cycle
16
6
3
13
17
22
3
12
14
-10
-14
-26
Working Capital Days
-17
0
-7
-1
-5
9
-9
-14
-13
-17
-13
-42
ROCE %
36%
35%
31%
28%
28%
28%
27%
27%
23%
22%
20%
20%

Shareholding Pattern

As of Jun 2026
Promoters 66.24%
DIIs 18.72%
FIIs 9.66%
Public 4.28%
Others 1.09%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
67.38%
67.36%
67.36%
67.37%
67.38%
67.24%
67.24%
66.24%
66.24%
66.23%
66.23%
66.24%
66.25%
66.24%
66.25%
66.26%
66.27%
66.22%
66.22%
66.23%
66.25%
66.24%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
15.83%
14.98%
15.04%
13.27%
12.68%
11.85%
10.89%
10.05%
9.98%
9.66%
DIIs
5.28%
4.61%
3.36%
3.51%
3.78%
3.98%
5.77%
7.61%
8.43%
8.87%
8.61%
10.35%
12.56%
13.56%
13.67%
14.92%
15.69%
16.24%
17.39%
18.38%
18.56%
18.72%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
5.43%
5.29%
5.28%
5.55%
5.28%
5.18%
4.47%
4.34%
4.32%
4.29%
4.26%
4.28%
4.19%
4.03%
3.92%
4.34%
4.19%
4.44%
4.18%
4.21%
4.13%
4.28%
Others
21.91%
22.74%
23.99%
23.57%
23.56%
23.61%
22.53%
21.82%
21.00%
20.61%
20.90%
19.13%
1.17%
1.18%
1.12%
1.20%
1.17%
1.25%
1.32%
1.13%
1.09%
1.09%
No. of Shareholders
2,96,439
3,18,852
3,59,529
4,33,443
4,82,133
4,83,560
4,57,490
4,43,618
4,48,975
4,44,832
4,33,501
4,39,123
4,34,823
4,35,213
4,30,436
5,10,298
5,05,557
5,20,024
4,97,123
4,84,326
4,69,624
4,79,265

Documents

Frequently Asked Questions about Dabur India Ltd

What does Dabur India Ltd do?
Dabur is India’s leading FMCG, Ayurvedic and natural health care company with wide network distribution across world. [1]
Where is Dabur India Ltd (DABUR) listed?
Dabur India Ltd is listed on the Indian stock exchanges. It is listed on NSE: DABUR and BSE: 500096. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Dabur India Ltd belong to?
Dabur India Ltd operates in the Consumer Goods sector within the Personal Care industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Dabur India Ltd?
Dabur India Ltd has a market capitalisation of approximately ₹73113.45 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Dabur India Ltd?
The Price-to-Earnings (PE) ratio of Dabur India Ltd is 36.87. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Dabur India Ltd?
Over the past 52 weeks, Dabur India Ltd has traded between a low of ₹403.35 and a high of ₹577. This range helps investors understand the stock's price volatility and recent trading levels.
Does Dabur India Ltd pay dividends?
Yes, Dabur India Ltd has a dividend yield of 2.01%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Dabur India Ltd?
Dabur India Ltd has a Return on Equity (ROE) of 15.83%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Dabur India Ltd on Tapetide?
On Tapetide, you can view Dabur India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Dabur is India’s leading FMCG, Ayurvedic and natural health care company with wide network distribution across world. [1]

Website dabur.com
CEO Mr. Mohit Malhotra M.B.A.
Employees 5,341
Listed 1999-04-28
Face Value ₹ 1
Issued Size 1,77,36,90,172

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