Dabur India (DABUR) · mywealthgrid

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About

Dabur India is an Ayurveda-anchored FMCG company with leading market positions in oral care, hair care and health care, operating at a market scale of ₹71,729 crore. The company maintains strong operating profitability at 18.59% OPM and generates ROE of 17.06%, with quarterly net profit ranging from ₹295–₹586 crore across recent standalone periods.

Founded: 1884
Face value: ₹1

Market cap

₹66,242 Cr

P/E

33.6×

P/B

5.8×

Dividend yield

3.6%

ROE

17.1%

ROCE

21.4%

Debt / equity

0.09

OPM

18.6%

EPS (TTM)

₹11.1

Book value

₹64.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation risk: PE ratio of 36.37 against ROE of 17.06% — verify if growth trajectory justifies the premium multiple
Share price weakness: 1-year return of −21.65% from 52-week high of ₹552.7 — verify if driven by business deterioration, valuation reset, or external factors
Operating margin volatility: OPM swings from 14.85% (Mar 2026) to 21.8% (Dec 2025) — determine if seasonal, product-mix driven, or indicative of demand variability
Low public float: Public ownership of 5.38% vs 66.24% promoter stake — verify trading liquidity and price discovery efficiency

Generated analysis · source review pending

Growth drivers

Consolidated quarterly revenues of ₹2,547–₹3,764 Cr across recent periods — verify if showing YoY growth or stagnation
Operating margins reaching 21.8% in Dec 2025 — verify if this level is sustainable across the full year or seasonal
Capital-light balance sheet with D/E of 0.09 and ROE of 17.06% — provides financial flexibility to fund growth initiatives; verify capex and M&A plans
Established scale in three focused categories (oral care, hair care, health care) — verify if category-expansion pipeline or geographic-expansion opportunities exist

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹374.3-1.6%1Y

Quick read

rule-based

Pros

+High return on capital employed of 21.9%
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 17.8×
+Dividend yield of 3.6%
+High promoter holding of 66.2% with no pledge

Cons

−Modest revenue growth of 6.6% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

48/100

Business quality: 69
Growth: 35
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hindustan UnileverHINDUNILVRHINDUNILVR	₹4,31,460 Cr	₹4,31,460 Cr	₹66,374 Cr	₹15,305 Cr	23.4%	₹14,957 Cr	23.4%	22.7%	30.6%	-79
ITCITCITC	₹3,19,619 Cr	₹3,21,805 Cr	₹96,307 Cr	₹25,682 Cr	30.4%	₹19,839 Cr	23.4%	37.2%	29%	162
Nestlé IndiaNESTLEINDNESTLEIND	₹2,52,164 Cr	₹2,52,188 Cr	₹24,437 Cr	₹5,748 Cr	22.9%	₹3,811 Cr	15.1%	58.3%	76.3%	-9
Britannia IndustriesBRITANNIABRITANNIA	₹1,14,672 Cr	₹1,16,030 Cr	₹19,529 Cr	₹3,627 Cr	18.5%	₹2,604 Cr	13.3%	63.7%	53.5%	-9
MaricoMARICOMARICO	₹1,01,427 Cr	₹1,01,782 Cr	₹14,309 Cr	₹2,492 Cr	17.1%	₹1,888 Cr	13.3%	39.3%	43.1%	34
Dabur IndiaDABURDABUR	₹66,242 Cr	₹67,305 Cr	₹13,552 Cr	₹2,525 Cr	18.6%	₹1,972 Cr	14.2%	21.4%	17.1%	-14

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7,701	7,748	8,533	8,704	9,562	10,889	11,530	12,404	12,563	13,193
COGS	3,755	3,846	4,309	4,360	4,789	5,640	6,269	6,447	6,535	6,824
Gross profit	3,946	3,902	4,224	4,343	4,773	5,249	5,261	5,957	6,028	6,369
	2,437	2,284	2,484	2,551	2,771	2,997	3,099	3,557	3,711	3,919
	1,509	1,618	1,741	1,792	2,002	2,252	2,162	2,400	2,317	2,450
OPM %	19.6%	20.9%	20.4%	20.6%	20.9%	20.7%	18.8%	19.4%	18.4%	18.6%
Depreciation	143	162	177	220	240	253	311	399	446	469
Interest	54	53	60	50	31	39	78	124	164	145
	313	291	372	205	325	308	445	482	550	585
Profit before tax	1,611	1,693	1,876	1,728	2,056	2,269	2,219	2,359	2,258	2,420
Tax	330	335	279	280	361	526	517	547	517	552
Tax %	20.5%	19.8%	14.9%	16.2%	17.6%	23.2%	23.3%	23.2%	22.9%	22.8%
	1,280	1,358	1,597	1,448	1,695	1,742	1,701	1,811	1,740	1,869
PAT margin %	16.6%	17.5%	18.7%	16.6%	17.7%	16%	14.8%	14.6%	13.9%	14.2%
EPS (₹)	7.3	7.7	8.2	8.2	9.6	9.8	9.6	10.4	10	10.7
EPS adjusted (₹)	7.3	7.7	8.2	8.2	9.6	9.8	9.6	10.4	10	10.7
	31%	97.5%	33.7%	36.7%	49.6%	52.8%	53.9%	52.9%	80.2%	77.2%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.5%	49.9%	49.9%	48.2%	45.6%	48%	48%	48.3%
EBITDA margin %	20.4%	20.6%	20.9%	20.7%	18.8%	19.4%	18.4%	18.6%
EBIT margin %	18.3%	18.1%	18.4%	18.4%	16.1%	16.1%	14.9%	15%
PAT margin %	18.7%	16.6%	17.7%	16%	14.8%	14.6%	13.9%	14.2%
Working capital
Receivable days	36	34	21	22	27	26	26	20
Inventory days	110	115	132	124	118	110	128	124
Payable days	—	—	146	131	127	137	158	158
NWC days	—	—	8	15	17	-0	-4	-14
Leverage
Current ratio	1.35	1.98	1.63	1.3	1.18	1.45	1.51	1.7
Debt to EBITDA	0.3	0.26	0.17	0.38	0.46	0.48	0.32	0.43
Debt to equity	0.09	0.07	0.05	0.1	0.11	0.12	0.07	0.09
Interest coverage	31.2	37.9	67.8	62	29.4	20	14.8	17.8
Asset turnover	1.01	0.93	0.88	0.89	0.84	0.82	0.77	0.75
Return ratios
Return on assets %	18.9%	15.5%	15.6%	14.2%	12.5%	12%	10.7%	10.7%
Return on capital employed %	30.9%	29.6%	28.2%	28.4%	24.2%	23.4%	21%	21.4%
Return on equity %	28.4%	21.9%	22.1%	20.8%	19%	18.4%	16.1%	16.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.23%	66.24%	66.25%	66.74%	65.88%	66.08%	66.02%	65.76%	66.22%	66.23%	66.25%	66.24%
	18.38%	16.49%	15.83%	15.4%	16.28%	15.43%	15.79%	15.68%	10.89%	10.05%	9.98%	9.66%
	9.91%	11.78%	12.56%	9.55%	9.34%	9.26%	9.79%	9.2%	17.29%	18.28%	18.46%	18.6%
	0%	0%	0%	0%	0%	0%	0%	0%	0.1%	0.1%	0.1%	0.12%
	5.48%	5.49%	5.36%	8.31%	8.49%	9.22%	8.4%	9.37%	5.5%	5.34%	5.21%	5.38%
No. of shareholders	—	—	—	—	—	—	—	—	4,97,123	4,84,326	4,69,624	4,79,265

Promoter holding up 0.01 percentage points since Sep 2023.

38 deals · 23 Sept 2021 – 14 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 Jul 2025	THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	Block	NSE	Sell	1,98,533	₹530.85	₹10.54 Cr
14 Jul 2025	THE MTBJ LTD.AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849	Block	NSE	Buy	1,98,533	₹530.85	₹10.54 Cr
25 Jan 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	18,10,721	₹536.60	₹97.16 Cr
25 Jan 2024	SOCIETE GENERALE	Block	BSE	Buy	18,10,721	₹536.60	₹97.16 Cr
24 Jan 2024	BOFA SECURITIES EUROPE SA	Block	BSE	Sell	9,24,540	₹534.00	₹49.37 Cr
24 Jan 2024	KADENSA MASTER FUND	Block	BSE	Buy	9,24,540	₹534.00	₹49.37 Cr
23 Nov 2022	SOCIETE GENERALE	Block	BSE	Sell	9,40,991	₹546.85	₹51.46 Cr
23 Nov 2022	SOCIETE GENERALE	Block	BSE	Buy	9,40,991	₹546.85	₹51.46 Cr
14 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	9,96,312	₹553.10	₹55.11 Cr
14 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	9,96,312	₹553.10	₹55.11 Cr

1–10 of 38

1 / 4

Mr. Mohit BurmanNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Amit BurmanNon-Executive - Non Independent Director
Mr. Saket BurmanNon-Executive - Non Independent Director
Mr. Aditya Chand BurmanNon-Executive - Non Independent Director
Mr. Mohit MalhotraExecutive Director-CEO
Mr. Pritam Das NarangExecutive Director
Mr. Ajit Mohan SharanNon-Executive - Independent Director
Mr. Mukesh Hari ButaniNon-Executive - Independent Director
Mr. Rajiv MehrishiNon-Executive - Independent Director
Mrs. Satyavati BereraNon-Executive - Independent Director
Mr. Romesh SobtiNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹380.1 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹381.9	+0.2	+0.1%	₹381.9	21,476	-432	1,898	1250
23 Nov 2026	₹381.1	-0.4	-0.1%	₹381.1	1,828	+216	326	1250
29 Dec 2026	₹385.2	-1	-0.2%	₹386.1	3	+3	3	1250

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 16 fund houses

Held by these funds

2.49%

of the company's equity

All mutual funds

7.16%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

69 schemes · 16 fund houses

		Shares
Contra Fund	SBI Mutual Fund	1.88 Cr	718.06	1.51%	1.065%	-0
Balanced Advantage Fund	SBI Mutual Fund	58.2 L	221.75	0.53%	0.329%	-0
Value Fund	ICICI Prudential Mutual Fund	33.45 L	127.46	0.21%	0.189%	-0
Arbitrage FundNEW	SBI Mutual Fund	33.04 L	125.87	0.27%	0.187%	—
Multi Asset Allocation Fund	SBI Mutual Fund	24 L	91.44	0.44%	0.136%	-0
FLEXI CAP FUND	Tata Mutual Fund	11.61 L	44.24	1.21%	0.066%	-0
BALANCED ADVANTAGE FUNDNEW	Tata Mutual Fund	10.32 L	39.32	0.46%	0.058%	—
FMCG Fund	ICICI Prudential Mutual Fund	8.31 L	31.66	2.03%	0.047%	-1 L

1–8 of 69

1 / 9

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

35 announcementsExport CSV

22 Sept 2026, 3:43 pmBoard Meeting

Board Meeting Intimation for Consideration Of Unaudited Financial Results Of The Company For The Quarter And Half Year Ending On September 30, 2026 And Interim Dividend

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.5%	49.9%	49.9%	48.2%	45.6%	48%	48%	48.3%
EBITDA margin %	20.4%	20.6%	20.9%	20.7%	18.8%	19.4%	18.4%	18.6%
EBIT margin %	18.3%	18.1%	18.4%	18.4%	16.1%	16.1%	14.9%	15%
PAT margin %	18.7%	16.6%	17.7%	16%	14.8%	14.6%	13.9%	14.2%
Working capital
Receivable days	36	34	21	22	27	26	26	20
Inventory days	110	115	132	124	118	110	128	124
Payable days	—	—	146	131	127	137	158	158
NWC days	—	—	8	15	17	-0	-4	-14
Leverage
Current ratio	1.35	1.98	1.63	1.3	1.18	1.45	1.51	1.7
Debt to EBITDA	0.3	0.26	0.17	0.38	0.46	0.48	0.32	0.43
Debt to equity	0.09	0.07	0.05	0.1	0.11	0.12	0.07	0.09
Interest coverage	31.2	37.9	67.8	62	29.4	20	14.8	17.8
Asset turnover	1.01	0.93	0.88	0.89	0.84	0.82	0.77	0.75
Return ratios
Return on assets %	18.9%	15.5%	15.6%	14.2%	12.5%	12%	10.7%	10.7%
Return on capital employed %	30.9%	29.6%	28.2%	28.4%	24.2%	23.4%	21%	21.4%
Return on equity %	28.4%	21.9%	22.1%	20.8%	19%	18.4%	16.1%	16.4%

29

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	310	₹0.0	0	0	0
0	0	0	₹0.0	320	₹0.5	1	+1	2
0	0	0	₹0.0	325	₹0.0	0	0	0
0	0	0	₹56.0	330	₹0.5	7	+7	7
0	0	0	₹0.0	335	₹1.2	0	0	1
3	0	0	₹42.9	340	₹0.0	0	0	0
0	0	0	₹0.0	345	₹0.0	0	0	0
11	0	0	₹32.0	350	₹1.3	144	+37	245

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Date	Category	Subject	Filing
22 Sept 2026, 3:43 pm	Board Meeting	Board Meeting Intimation for Consideration Of Unaudited Financial Results Of The Company For The Quarter And Half Year Ending On September 30, 2026 And Interim Dividend	PDF
22 Sept 2026, 3:38 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 2:53 pm	Company Update General	Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
18 Sept 2026, 2:49 pm	Company Update General	Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
14 Sept 2026, 4:35 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
14 Sept 2026, 4:27 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
11 Sept 2026, 4:14 pm	Company Update General	Submission Of Information Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
10 Sept 2026, 2:20 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	176	176	176	177	177	177	177	177	177	177	177
Reserves	3,146	4,671	5,530	5,455	6,429	7,487	8,205	8,796	9,689	10,623	11,242
Minority interest	18	25	27	31	36	37	41	468	437	410	383
	—	911	829	524	467	350	868	999	1,158	730	1,063
	2,595	1,949	2,140	2,249	2,245	2,796	2,995	3,214	3,662	4,292	4,614
Total equity & liabilities	5,935	7,732	8,702	8,437	9,354	10,847	12,285	13,654	15,123	16,232	17,480
	1,599	1,903	1,974	1,917	2,201	2,192	2,259	3,532	3,770	3,946	3,895
CWIP	50	42	42	64	147	147	168	175	209	166	137
Investments	1,911	3,240	3,805	3,359	2,800	4,210	6,269	6,312	6,978	7,511	8,990
	2,375	2,547	2,881	3,097	4,206	4,297	3,590	3,635	4,166	4,608	4,458
Total assets	5,935	7,732	8,702	8,437	9,354	10,847	12,285	13,654	15,123	16,232	17,480

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,227	1,089	1,499	1,614	2,115	1,802	1,488	2,013	1,987	2,579
	-807	-540	337	-517	-1,406	-1,275	-587	-972	-449	-1,285
	-339	-574	-1,888	-1,043	-613	-490	-1,035	-1,161	-1,405	-1,236
Net cash flow	—	—	—	—	95	36	-133	-119	132	58
Free cash flow	—	—	1,265	1,614	1,803	1,797	979	1,450	1,417	2,158
CFO / Operating profit %	81.3%	67.3%	86.2%	90%	105.6%	80%	68.8%	83.9%	85.8%	105.2%

Compounded sales growth

7 years: 6%
5 years: 7%
3 years: 5%
1 year: 5%

Compounded profit growth

7 years: 2%
5 years: 2%
3 years: 3%
1 year: 7%

Return on equity

7 years: 19%
5 years: 18%
3 years: 16%
Last year: 16%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Consumer care business	10,864.07	2,475.53	5,998.22	2,416.46	3,581.76	69.11
Food business	2,015.55	239.58	1,803.14	843.79	959.35	24.97
Other segments	167.48	22.35	86.57	35.43	51.14	43.7
Retail business	106.56	-6.44	113.16	102.06	11.1	-58.02
Unallocated other operating revenue	38.91	0	9,478.82	2,279.42	7,199.4	0

SegmentFigure

CONSUMER CARE BUSINESS · revenue

₹ crore by fiscal year

Dabur India

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

1

39

2

29

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

CONSUMER CARE BUSINESS · revenue

Dabur India

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Upcoming and recent1

Dividends39

Board meetings2

Option chain29

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

CONSUMER CARE BUSINESS · revenue

3

3

1

39

2

29