Dabur India Limited — Investor Meet, 12-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Dabur's Q4 FY26 earnings call revealed robust domestic FMCG growth of 9.5%, driven by HPC (17% up) and strong market share gains across categories like Hair Oil (+154 bps), Home Care, and Honey. Consolidated revenue grew 7.3%, PAT by 15%. Management is confident of sequential acceleration in India, targeting high single to low double-digit FY27 growth. Inflationary pressures (~10%) are being managed via price hikes (4%) and grammage reduction, with a focus on improving margins. While domestic outlook is positive, international business, particularly Middle East, faces headwinds from geopolitical tensions impacting supply, costs, and demand.