Dabur expects mid-single-digit revenue growth in Q2 FY26

Dabur India Limited anticipates consolidated revenue to grow in the mid-single digits for Q2 FY26, with operating profit expected to grow almost in line with revenue. The company noted that the recent GST rate reduction to 5% for approximately 85% of its portfolio is a key positive, although it led to temporary market disruption in September as consumers deferred purchases.

Despite these headwinds, non-GST impacted brands such as Dabur Honey, Anmol Coconut Oil, Gulabari, and Hajmola Zeera performed well, maintaining market share gains in over 90% of its portfolio. The Oral Care and Healthcare portfolios are expected to deliver double-digit growth, driven by strong volumes and focused marketing. The international business is projected to achieve mid-single-digit growth in INR and CC terms, despite adverse impacts in Nepal.

E-commerce and modern trade channels are expected to exhibit double-digit growth. Dabur is optimistic that supportive macroeconomic conditions and GST rate cuts will strengthen consumption and drive revenue growth momentum in coming quarters.