Dabur India Limited — Investor Meet, 03-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Dabur's Q3 FY26 saw consolidated revenue up 6.1% YoY, with domestic FMCG growing 6% (3% volume). Operating profit rose 7.7%, and PAT increased 10.1% (7.2% adjusted for a one-time labor law provision). Strong performance in HPC (+10.6%), Hair Oil (+19.1%), and Toothpaste (+10%) driven by herbal/natural segments.

Management expects sequential demand recovery, with Q4 to improve. Inflation is ebbing, pointing to volume-led growth ahead. Dabur aims for high single-digit to low double-digit top-line growth in FY27 and improved operating margins, targeting 20%, supported by strategic investments and ~2% Q4 price increases. Sentiment is confident on future growth and profitability.