Earnings Review: Dabur India Q3 PAT up on easing of GST-related disruptions - Informist Media

Informist MediaJanuary 29, 2026

Informist, Thursday, Jan. 29, 2026

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--Dabur Oct-Dec consol net profit INR 5.60 bln
--Analysts saw Dabur Oct-Dec consol net profit at INR 5.59 bln
--Dabur Oct-Dec consol revenue INR 35.59 bln
--Analysts saw Dabur Oct-Dec consol revenue at INR 35.56 bln
--Dabur Oct-Dec consol net profit INR 5.60 bln vs INR 5.22 bln year ago
--Dabur Oct-Dec consol revenue INR 35.59 bln vs INR 33.55 bln year ago
--Dabur Apr-Dec consol net profit INR 15.26 bln vs INR 14.48 bln year ago
--Dabur Apr-Dec consol revenue INR 101.55 bln vs INR 97.33 bln year ago
--Dabur Oct-Dec labour code implementation one-time cost INR 150.50 mln
--Dabur Q3 consol advertisement expense INR 2.38 bln vs INR 2.27 bln yr ago
--Dabur Oct-Dec consol operating margin 20.63% vs 20.32% year ago
--Dabur Oct-Dec consumer care business revenue INR 30.64 bln vs INR 28.50 bln
--Dabur Oct-Dec food business revenue INR 4.18 bln vs INR 4.30 bln yr ago
--Dabur Oct-Dec consol operating profit INR 7.34 bln, up 7.7% on year
--Dabur Oct-Dec international revenue INR 9.41 bln, up 11.1% on year
--Dabur Oct-Dec international revenue up 7.5% on year in constant currency
--Dabur Oct-Dec India home, personal care sales INR 12.28 bln, up 10.6% on yr
--Dabur Oct-Dec India healthcare sales INR 8.96 bln, up 2.7% on year
--Dabur Oct-Dec India food, beverages sales INR 3.17 bln, down 1.1% on year
--Dabur Oct-Dec India FMCG volume growth 3% on year

By Shreya Shetty

MUMBAI – Dabur India Ltd. reported a single-digit on-year growth in revenue and profit in the December quarter amid steady easing of trade disruptions from the cuts in the goods and services tax in the previous quarter and a seasonal recovery in demand. The company's bottom line and top line were largely in line with analysts' estimates.

The consolidated net profit of the company rose by over 7% on year to INR 5.60 billion, while revenue rose more than 6% on year to INR 35.59 billion. The year-on-year rise in net profit was the highest in the six quarters. Analysts had expected the company to post a net profit of INR 5.59 billion and a revenue of INR 35.56 billion for the December quarter. The new Labour Codes, which were enforced on Nov. 21, had a one-time impact on the company's bottom line.

"Dabur delivered a steady quarter, with healthy volume-led growth across our key business verticals and geographies. We have sharpened our competitive edge through stronger innovation and focused brand-building, leading to healthy market share gains," its Chief Executive Officer Mohit Malhotra said in a release.

"As demand conditions improve, the combination of favourable macroeconomic indicators and expectations of supportive policy measures, reinforced by recent GST changes, positions us well for the quarters ahead, and we remain confident of delivering sustainable growth, resilient profitability, and continued shareholder value," Malhotra said.

The company reported a one-time cost of INR 150.50 million for implementing the new Labour Code. Dabur India's advertisement expenses for the December quarter were INR 2.38 billion, up nearly 5% from INR 2.27 billion a year ago.

The company's consolidated operating margin for the quarter was 20.63%, up from 20.32% a year ago.

The company's consolidated net profit rose over 5% on year to INR 15.26 billion in Apr-Dec, while revenue for the period rose over 4% to INR 101.55 billion.

Dabur India's consolidated operating profit rose 7.7% on year to INR 7.34 billion.

SEGMENT-WISE PERFORMANCE

The company's revenue from the consumer care business during the quarter was INR 30.64 billion, up nearly 8% on year. The revenue from the food business was INR 4.18 billion, down from INR 4.30 billion a year ago. The company's fast-moving consumer goods volume in India grew 3% on year during the quarter.

The company's domestic home, personal care sales during the December quarter rose nearly 11% on year to INR 12.28 billion. The company's India healthcare sales rose nearly 3% on year to INR 8.96 billion, while food and beverages sales fell over 1% on year to INR 3.17 billion.

"The India Business saw Dabur's key brands and products report category-leading growth with market share gains across our key portfolio, led by a 193-bps improvement in Hair Oils market share. With this, Dabur's total hair oils market share now stands at its highest ever level of around 20%," the company said in the release.

The company's hair care business grew 19% on year in the December quarter, while toothpaste sales increased 10% on year. The skin and salon vertical reported 6.6% year-on-year growth.

INTERNATIONAL BUSINESS

Dabur's international revenue during the December quarter rose over 11% on year and nearly 8% on a constant-currency basis. Growth in the company's international business was led by Turkey, MENA (West Asia and North Africa), the US, and Bangladesh. The company's business grew by over 12% in MENA, over 15% in Turkey, over 19% in the US, and around 20% in Bangladesh.

Thursday, Dabur India shares ended at INR 510.45 on the National Stock Exchange, down 1%. The company announced its September quarter results after market hours. End

Edited by Saji George Titus

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