Dabur India Limited — Investor Meet, 06-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Dabur's Q2 FY26 saw 5.4% consolidated revenue and 6.5% PAT growth. India FMCG rose 5.7%, with HPC up 8.9% (toothpaste +14%). GST changes caused a temporary Rs 100 Cr sales hit and impacted some categories. Management is bullish on H2, projecting mid-to-high single-digit growth, powered by a strong winter, GST benefits, and rural demand. They expect EBITDA growth to outpace sales. Dabur launched a Rs 500 Cr Ventures fund for digital-first, premium brands, reinforcing focus on urban youth and expanding rural reach. Sentiment is cautiously optimistic for future volume-led growth.