Dabur India reported a 6.1% year-on-year revenue growth in Q3 FY26, with domestic FMCG business growing at 6%. The HPC portfolio continued its strong performance, recording a 10.6% growth, driven by Hair Oil (19.1% growth) and Toothpaste (10% growth). Operating profit grew by 7.7% and PAT grew by 10.1%. The company remains optimistic about a sequential recovery in demand.
Financial Performance
Dabur India experienced a consolidated revenue growth of 6.1% year-on-year in Q3 FY26. The domestic FMCG business grew by 6% year-on-year, supported by a 3% volume growth. International business also performed well, registering a growth of 11% in INR terms (7.5% in constant currency terms).
Segment Highlights
The HPC (Home and Personal Care) portfolio continued its strong performance, achieving a growth of 10.6%. Within HPC, the Hair Oil segment stood out with a substantial growth of 19.1%, while the Toothpaste portfolio delivered a robust growth of 10%. Ayurvedic health juices also showed strong momentum, registering 17.9% growth.
Profitability
Operating profit increased by 7.7%, while PAT (Profit After Tax) grew in double digits by 10.1% during the quarter. Excluding a one-time provision related to changes in labor laws, PAT grew by 7.2%. The company achieved this profitability despite GST transition effects and inflationary pressures through calibrated price increases and cost-saving measures.
Category Performance
The Toothpaste portfolio recorded 10% growth, boosted by Dabur Red, Meswak and Herbal, which registered 25% growth each. The Herbal segment outpaced the non-herbal segment by 530 basis points. Hair Oils also showed strong growth, supported by price increases (particularly in coconut oils) with growth of 19.1% and strategic margin management.
Future Outlook
Dabur India anticipates a gradual recovery in demand, supported by improving macroeconomic factors and targeted brand and distribution investments. The company expects to deliver sustainable value and reinforce its leadership position in the FMCG sector. For the upcoming summer season, Dabur expects growth in beverages and juices businesses. Further margin improvements are expected, driven by easing inflation and premium product growth.
Source: BSE
