Dabur India Limited announced that ICRA Limited has reaffirmed the credit ratings for its Non-Convertible Debentures (NCD) Programme and various bank facilities. The company’s NCD Programme and the majority of its fund-based bank limits, totaling Rs. 854.75 crore, have been assigned the highest rating of [ICRA]AAA (Stable). Furthermore, the short-term facilities received the [ICRA]A1+ rating, confirming strong credit quality.
Credit Rating Reaffirmation by ICRA
Dabur India Limited has officially confirmed the reaffirmation of credit ratings assigned by ICRA Limited for its Non-Convertible Debentures (NCD) Programme and various bank credit facilities, as of March 11, 2026. This confirmation signifies the continued robust financial health and excellent creditworthiness of the Fast-Moving Consumer Goods (FMCG) major.
Ratings for NCD Programme and Bank Limits
The primary NCD Programme, with a rated amount of Rs. 250 crore, retained its [ICRA]AAA (Stable) rating, indicating the highest degree of safety regarding the timely servicing of financial obligations.
Fund Based Limits Summary
The company’s allocated bank limits, totaling Rs. 854.75 crore, across long-term and short-term scales, were reaffirmed with the following ratings:
- Long-term Rating: [ICRA]AAA (Stable)
- Short-term Rating: [ICRA]A1+
The Unallocated Bank Limits of Rs. 145.25 crore also received the [ICRA]AAA (Stable)/[ICRA]A1+ rating combination.
Interchangeable Limits
The Interchangeable Bank Limits, totaling Rs. 175 crore on a short-term basis, were reaffirmed at [ICRA]A1+.
Detailed Breakdown of Fund Based Limits
The document provided a detailed schedule of the fund-based limits, which collectively amount to Rs. 1,000.00 crore. Key counterparties and their assigned limits include:
- HDFC Bank Limited: Rs. 145.00 crore
- Standard Chartered Bank: Rs. 200.00 crore
- ICICI Bank Limited: Rs. 175.00 crore
- Bank of America: Rs. 125.00 crore
The combined rating for these major long-term and short-term facilities is [ICRA]AAA(Stable) /[ICRA]A1+. The total amount covered under these reaffirmed ratings across all facilities underscores Dabur’s consistent ability to maintain superior credit quality across its debt instruments and banking arrangements.
Source: BSE
