Dabur India reports a mid-single digit revenue growth for Q2 FY26. Oral care portfolio continues its strong growth. Government’s GST rate cut expected to boost consumption. Premium ‘Activ’ range sees robust growth of 30%+. International business expected to post mid-single digit growth. The company anticipates revenue growth to regain momentum in the coming quarters.
Q2 FY26 Performance Overview
Dabur India has released an update on its performance and demand trends for the quarter ended September 30, 2025 (Q2 FY26). Despite some headwinds, the company expects consolidated revenue to grow in the mid-single digits and operating profit to grow almost in line with revenue.
Impact of GST Rate Reduction
The Government’s recent GST reform is expected to drive affordability and enhance purchasing power. Approximately 60% of Dabur’s India business will benefit from the GST rate cut, with approximately 85% of the portfolio now at a 5% GST rate.
Category Performance
- Oral Care: Continued strong growth trajectory, expected to deliver double-digit growth in both Red Toothpaste and Meswak.
- Skin Care: Portfolio is expected to grow in high-single digits, led by Gulabari and Oxy.
- Hair Care: Shampoos are expected to register high-single digit growth while Hair Oils are expected to report mid-single digit growth.
- Healthcare: Key brands such as Dabur Honey, Honitus, Hajmola franchise, and Health Juices are likely to register double-digit growth.
- F&B: Culinary business is expected to record double-digit growth. The premium ‘Activ’ beverage range is expected to report robust growth of 30%+.
Channel Performance
E-commerce (including Quick commerce) is expected to grow in double digits, and Modern Trade maintained its growth momentum.
International Business
Key geographies like MENA, Turkey, Namaste, and Bangladesh are expected to perform well. The overall international business is expected to post mid-single digit growth in INR and CC terms.
Future Outlook
With supportive macroeconomic conditions and the recently announced GST rate cuts, consumption is expected to strengthen, and Dabur anticipates revenue growth to regain momentum in the coming quarters.
Source: BSE
