Dabur India Limited , a leading FMCG company, reported a 5.4% year-on-year growth in consolidated revenue for the quarter ended September 30, 2025. The company navigated through GST reforms and seasonal headwinds to deliver growth across its diverse portfolio.

Key Financial Highlights

• Consolidated revenue growth: 5.4% year-on-year
• India FMCG business growth: 5.7%
• International business growth: 7.7% in INR terms
• Operating profit growth: 6.4%
• PAT (Profit After Tax) growth: 6.5%

GST Impact and Market Response

The GST reforms significantly impacted Dabur India's portfolio, with rate reductions affecting nearly 66% of its products. Key categories benefiting from the GST rate cuts include:

• Juices
• Toothpaste
• Hair oils
• Shampoos
• Glucose
• Ayurvedic medicines

With these changes, 86% of Dabur India's portfolio now falls under the 5% GST bracket. However, the transition caused temporary trade disruptions, resulting in an estimated impact of approximately Rs. 100.00 crore (3-4% of sales).

Segment Performance

HPC (Home and Personal Care) Portfolio

• Overall growth: 8.9%
• Toothpaste segment growth: 14%, driven by Dabur Red franchise and Meswak

Healthcare Portfolio

• Health supplements: Mid-single-digit growth
• Honey: 28% volume growth
• Chyawanprash and Glucose: Market share gains

Digestive Portfolio

• Hajmola franchise: Double-digit growth
• Variants like Chatcola, Limcola, and Mr. Aam now contribute over 50% to the overall brand franchise

OTC and Ethicals

• Honitus: 28% growth, driven by monsoon demand
• Ayurvedic health juices: 25% growth

Juices and Nectars

• Real Activ 100% juices: 45% growth
• Coconut water sales: Two-fold increase

International Business Performance

The international business registered a growth of 7.7% in INR terms and 5.5% in constant currency terms. Notable performances include:

However, geopolitical disturbances in Nepal led to a 15% decline in that market.

Future Outlook and Initiatives

1. Dabur Ventures: The company announced the launch of Dabur Ventures with a capital allocation of Rs. 500.00 crore over the next few years. This initiative aims to invest in high-potential, digital-first businesses aligned with Dabur India's strategic vision.

2. Growth Expectations: Management provided guidance of mid-to-high single-digit growth for the second half of the fiscal year, backed by low-to-mid single-digit volume growth.

3. Factors Supporting Growth:

   • Good monsoon
   • GST benefits
   • Expected strong winter season

4. Rural Focus: The company is expanding its rural footprint through Project Saksham, upgrading sub-stockists to stockists, and leveraging its distribution network.

5. Premiumization Strategy: Dabur India is driving premiumization across categories, focusing on products with 20% higher MRP and accretive gross margins.

Mohit Malhotra, CEO of Dabur India Limited, commented, "We demonstrated operational agility by executing timely price reductions across the portfolio, thereby effectively transmitting the benefits to the consumers. While the GST reduction is structurally positive, it led to a temporary disruption in trade as the channel anticipated forthcoming rate reductions following lower MRP."

As Dabur India navigates through the post-GST landscape and focuses on both rural expansion and urban premiumization, the company appears well-positioned to capitalize on the evolving market dynamics in the Indian FMCG sector.

Dabur India Limited , a leading Ayurveda company, has announced its financial results for the second quarter, demonstrating resilience in a dynamic economic environment.

Key Financial Highlights

Segment Performance

Market Share Gains

Dabur reported market share gains across 95% of its portfolio, underscoring the strength of its brand investments and consumer connect.

Category-wise Growth

International Business Performance

The international operations delivered strong growth of 7.7% in Q2, with notable performances in:

Strategic Initiative: Dabur Ventures

The board has approved the launch of Dabur Ventures, an investment platform with a capital allocation of up to Rs 500.00 crore. This initiative aims to acquire stakes in high-potential, new-age digital-first businesses aligned with Dabur's long-term strategic vision.

Management Commentary

Mr. Mohit Malhotra, CEO of Dabur India Limited, stated, "Our performance during the quarter stands as a testament to Dabur's enduring resilience and consumer trust. Despite a dynamic economic environment and transitional GST headwinds, we delivered robust topline and bottomline growth, reaffirming our leadership across core categories."

Outlook

Dabur is positioning itself for a new phase of growth, focusing on premiumization, digital transformation, and distribution expansion. With improving macroeconomic indicators and GST reforms expected to unlock affordability, the company is optimistic about accelerating inclusive growth and reinforcing its leadership across segments.

The company's strategic investments in new-age businesses through Dabur Ventures, coupled with its strong performance in both domestic and international markets, indicate a forward-looking approach to sustaining growth and market leadership in the evolving consumer goods landscape.