Dabur Q2 consolidated profit rises 12% to Rs 498.57 crore

Dabur India Limited reported consolidated net profit of Rs 498.57 crore for the quarter ended 30 September 2026, up 12% from Rs 444.79 crore a year earlier, as revenue from operations increased 12% to Rs 3,563.07 crore. Revenue and profit were both lower than in the quarter ended 30 June 2026.

How did Dabur perform in the September 2026 quarter?

Dabur increased consolidated revenue from operations by Rs 371.75 crore year on year to Rs 3,563.07 crore in the quarter ended 30 September 2026, from Rs 3,191.32 crore in the corresponding quarter of 2025. Total income rose to Rs 3,734.96 crore from Rs 3,331.45 crore, including other income of Rs 171.89 crore against Rs 140.13 crore a year earlier.

Dabur’s profit before tax rose to Rs 645.52 crore from Rs 573.02 crore, while net profit increased by Rs 53.78 crore to Rs 498.57 crore. Total tax expense was Rs 146.95 crore, compared with Rs 128.23 crore in the year-earlier quarter. Basic earnings per share, not annualised, increased to Rs 2.85 from Rs 2.55.

Dabur’s total expenses increased to Rs 3,089.14 crore from Rs 2,758.33 crore in the September 2025 quarter. Materials consumed rose to Rs 1,442.99 crore from Rs 1,389.58 crore and employee benefits expense increased to Rs 376.76 crore from Rs 347.87 crore. Advertisement and publicity expense declined to Rs 226.59 crore from Rs 233.57 crore, while other expenses were Rs 504.62 crore.

Why was Dabur’s Q2 profit lower than the preceding quarter?

Dabur’s net profit declined by Rs 87.59 crore from Rs 586.16 crore in the quarter ended 30 June 2026 to Rs 498.57 crore in the September quarter. Revenue from operations declined by Rs 201.32 crore from Rs 3,764.39 crore, and profit before tax reduced by Rs 110.13 crore from Rs 755.65 crore.

Dabur’s consumer care revenue decreased to Rs 2,953.29 crore in the September quarter from Rs 3,000.74 crore in the June quarter, while food revenue declined to Rs 531.38 crore from Rs 659.33 crore. Consumer care segment result decreased to Rs 658.86 crore from Rs 723.15 crore, and food segment result fell to Rs 63.86 crore from Rs 94.25 crore.

Total expenses were Rs 3,089.14 crore in the September quarter, down from Rs 3,180.80 crore in the June quarter. Materials consumed declined by Rs 158.30 crore to Rs 1,442.99 crore and purchases of stock-in-trade fell to Rs 316.76 crore from Rs 447.60 crore. However, the inventory-change line moved from income of Rs 66.93 crore in the June quarter to an expense of Rs 62.91 crore in the September quarter.

Finance costs increased to Rs 39.59 crore from Rs 36.63 crore sequentially, while unallocable expenditure net of unallocable income rose to Rs 18.78 crore from Rs 9.27 crore. Dabur recorded a Rs 30 lakh share of loss from its joint venture, compared with a Rs 50 lakh loss in the preceding quarter. No exceptional item was reported in either quarter.

Which Dabur segments contributed to year-on-year growth?

Dabur’s consumer care business was its largest operating segment, with September-quarter revenue of Rs 2,953.29 crore, up from Rs 2,650.81 crore a year earlier. Its segment result increased to Rs 658.86 crore from Rs 595.18 crore. Consumer care provided Rs 302.48 crore of the Rs 371.75 crore increase in consolidated revenue from operations.

Dabur’s food business revenue increased to Rs 531.38 crore from Rs 465.84 crore, while its segment result rose to Rs 63.86 crore from Rs 56.62 crore. Retail business revenue increased to Rs 26.77 crore from Rs 24.97 crore, and its segment loss narrowed to Rs 1.86 crore from Rs 2.70 crore in the corresponding quarter.

Other segments reported revenue of Rs 43.20 crore, compared with Rs 40.05 crore a year earlier, but segment result declined to Rs 5.20 crore from Rs 6.36 crore. Unallocated other operating revenue was Rs 8.43 crore, down from Rs 9.65 crore. Together with the named segments, these items reconciled to consolidated revenue from operations of Rs 3,563.07 crore.

For the half year ended 30 September 2026, consumer care revenue increased to Rs 5,954.03 crore from Rs 5,355.73 crore in the corresponding prior-year period. Food revenue rose to Rs 1,190.71 crore from Rs 1,086.70 crore. Consolidated revenue from operations for the six-month period increased to Rs 7,327.46 crore from Rs 6,595.90 crore.

What do Dabur’s half-year profit, cash flow and balance sheet show?

Dabur reported net profit of Rs 1,084.73 crore for the half year ended 30 September 2026, compared with Rs 953.08 crore in the corresponding period of 2025. Profit before tax increased to Rs 1,401.17 crore from Rs 1,235.64 crore, while basic earnings per share increased to Rs 6.18 from Rs 5.45.

Net cash flow from operating activities was Rs 709.37 crore in the first half, compared with Rs 756.59 crore a year earlier. Cash flow from operations after working-capital changes rose to Rs 961.22 crore from Rs 954.29 crore, but direct taxes paid increased to Rs 251.85 crore from Rs 197.70 crore. Trade receivables used Rs 344.52 crore of cash, compared with Rs 323.72 crore in the prior-year period.

Dabur generated Rs 138.21 crore from investing activities in the six months, against cash used of Rs 18.43 crore a year earlier. It paid Rs 975.67 crore in dividends, compared with Rs 932.21 crore in the corresponding prior-year period, and used Rs 972.50 crore in financing activities. Cash and cash equivalents in the consolidated cash-flow statement were Rs 48.99 crore at 30 September 2026, down from Rs 203.70 crore at 30 September 2025.

Total assets stood at Rs 17,869.03 crore at 30 September 2026, compared with Rs 17,479.91 crore at 31 March 2026. Total equity was Rs 11,863.97 crore and total liabilities were Rs 6,005.06 crore at the September date. Consumer care assets were Rs 6,453.59 crore, compared with food business assets of Rs 1,837.78 crore.

Conclusion

Dabur delivered year-on-year growth in the September 2026 quarter, with revenue from operations rising to Rs 3,563.07 crore and net profit reaching Rs 498.57 crore. Consumer care remained the largest contributor to revenue growth, while food also increased year on year. The sequential comparison showed lower consolidated revenue, segment results and net profit than in the June 2026 quarter.

The disclosed unresolved matter is the joint venture’s Rs 30 lakh net loss for the quarter, which was based on interim financial information not reviewed by its auditor. The auditor stated that management considered this information immaterial to the group and did not modify its conclusion. Future filings can show whether the joint venture’s reported loss and the use of unreviewed information continue.