FMCG major Dabur has reported steady and strong domestic momentum for the last financial quarter even as key international markets faced turbulence.
“The quarter ended 31st March 2026 witnessed steady momentum in the domestic India business, underpinned by a stable macroeconomic environment,” Dabur said. “This strong domestic performance helped offset challenges in our key international markets, particularly the Middle East, where heightened geopolitical tensions led to demand disruptions and supply chain constraints.”
The India FMCG business showed a sequential recovery and is expected to post high-single digit growth. The Home & Personal Care segment maintained its double-digit growth trajectory and is likely to grow in the mid-teens, led by Hair Oils, Shampoo, and Home Care products, which are projected to grow in the twenties.
Key brands driving volume-led growth include Dabur Amla franchise, Vatika Shampoo, Dabur Almond, Odonil, Odomos, Meswak, and Gulabari. “Majority of the portfolio continued to outpace category growth and is expected to register market share gains during the quarter,” the company added.
In Healthcare, Dabur Honey, Honitus, Health Juices, and Hajmola franchise are expected to post robust double-digit growth. However, Dabur Glucose faced a setback due to unseasonal rains in March. Overall, the Healthcare business is expected to report low-single digit growth.
The Food & Beverages vertical saw sequential improvement, expected to deliver low-single digit growth. Foods, Real Activ Juices, and Coconut Water continued to clock 20%+ growth, though the Out-of-Home portfolio was impacted by unseasonal rains. “Real brand continued to outpace category growth and gained market shares across Nectars, Juices and Coconut Water,” Dabur said.
Organised trade, including modern trade, e-commerce, and quick commerce, maintained growth momentum, alongside a steady recovery in general trade.
On the international front, the Middle East was impacted by the US-Israel-Iran conflict, while markets such as Turkey, Bangladesh, and the UK performed strongly, posting double-digit growth in constant currency. Overall, Dabur expects its international business to deliver low-single digit growth in INR terms.
“Overall, we expect consolidated revenues to grow in mid-single digits with operating profit growing ahead of the topline,” the company said. Looking ahead, Dabur anticipates a progressive recovery in domestic demand, driven by improving consumption trends, while remaining watchful of geopolitical risks.
