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Informist, Wednesday, Jul. 29, 2026

 

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--Dabur: Badshah business grew significantly, expanded to more states 
--CONTEXT: Comments by Dabur India's managment in post-earnings analyst call 
--Dabur: E-comm contribution 6% of overall turnover, growth in triple digits 
--Dabur: Nectar ops turned profitable in the second half of Apr-Jun 
--Dabur: Aims to acquire 1-2 sizeable businesses in next three years 
--Dabur: Confident of double-digit growth in hair oil segment in coming qtrs 
--Dabur: Growth in hair oil business Q1 driven by volumes, price hikes 
--Dabur: Don't see much impact from El Nino on business growth 
--Dabur: See volume growth under pressure due to rise in input costs 

 

By Ashutosh Pati and Vaishali Tyagi

 

MUMBAI/NEW DELHI – Despite inflationary pressures due to the war in West Asia which warrant closer monitoring, Dabur India Ltd. remains confident of achieving a sequential growth in revenue for the September quarter. The company also retained its guidance of a double-digit growth in top line for the financial year 2026-27 (Apr-Mar), supported by product price hikes, the management said Wednesday in a post-earnings conference call with analysts.

 

"...while the inflation is really impinging on us, but we feel that our brands have got strength to pass on this inflation in terms of price increases to the consumer. But we are vigilantly watching this whole Middle Eastern war situation to see that steps are taken to mitigate the inflation. So, we are confident that our margins are better than last year and should be accretive to our top-line growth also," the management said.

 

Stable demand, investment in premiumisation, "go-to-market transformation" initiatives, and continued efforts in brand-building are also expected to support the company's top-line growth. However, overall volume growth in the upcoming quarters is likely to remain under pressure from the rise in underlying commodity prices, the management said.

 

Dabur is confident of achieving double-digit growth in its hair oil operations from here. The segment registered strong double-digit growth during the June quarter driven by the Amla franchise and the Dabur Almond, Anmol, and Vatika coconut portfolio. This growth was mainly supported by an 8% rise in volumes and the price hikes taken during the quarter, as per the management. "So, hair oil business has been showing great progress and I think all sub-segments of hair oil are doing well," a top official said. "So, both coconut oils, perfumed oils, value-added almond oils, and our flanker brands of Amla all have shown a double-digit growth on value. Partly it's coming out of the GST-driven pricing and inflationary pricing increases."

 

Dabur's nectar business, which it operates under the Real brand, turned profitable in the second half of the June quarter "when the summer actually started", the management said. "It's just the season which plays havoc and that's why you saw overall food and beverage growth was around 8%, which is pretty healthy and despite April not being very good," the management said. They do not see much of an impact on the company's operations due to El Nino this year.

 

Demand from rural areas has outpaced that from urban areas for the eighth consecutive quarter. Demand in urban markets was driven by modern trade and e-commerce, which now accounts for 6% of the company's overall turnover, as per the management. E-commerce operations have registered "triple digits" growth, they said. Dabur's Badshah masala segment also grew significantly and expanded sales to more states during the quarter.

 

The company has also planned to acquire one or two sizeable businesses in the next three years. "It all depends upon negotiations which actually happen because most of these D2C (direct-to-consumer) companies are in the process and as a process you participate in the bid but you can't guarantee the success," the management said.

 

Dabur reported a consolidated net profit of INR 5.91 billion for the June quarter, up 15% on year. It earned revenues of INR 37.64 billion for the quarter, up around 11%. The company declared its results after market hours Wednesday. Its shares closed at INR 433.70 on the National Stock Exchange, up over 2% from Tuesday.  End

 

Edited by Rajeev Pai

 

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