Dabur Shares Rise After Strong Q4 FY26 Results; Profit Jumps 16%, Brokerages Sees Potentila Upside

Dabur shares were trading higher on Friday morning after the FMCG major reported a strong set of earnings for the fourth quarter of FY26. Dabur India shares were trading at Rs. 473.35, up 0.71% during early trade, as investors reacted positively to the company's profit growth & margin expansion.

Dabur Q4 FY26 profit rises nearly 16%

Dabur India reported a consolidated net profit of Rs. 362 crore for Q4 FY26, registering a sharp 15.75% increase compared to Rs. 312.73 crore reported in the same quarter last year. Revenue from operations also saw a healthy growth, rising 7.34% year-on-year to Rs. 3,038 crore from Rs. 2,830 crore.

The company's operating performance remained strong during the quarter. Operating profit grew 8.2%, while margins expanded by 12 basis points. Dabur's India FMCG business recorded 9.5% year-on-year growth, supported by a 6% increase in volume growth, indicating improving consumer demand across product categories.

Home & Personal Care business leads growth

Dabur's Home & Personal Care (HPC) division emerged as the key growth driver during the quarter. The segment contributed nearly 51% to domestic revenue and posted an impressive 16.8% growth.

Several other categories also delivered strong performance. The Skin & Salon business grew 12%, while the toothpaste category reported 7% growth. Dabur's OTC & Ethicals business also rose around 7%, while the Badshah spices portfolio recorded 12% growth during the quarter.

The company further stated that it gained market share across nearly 95% of its portfolio. Major gains included a 154 basis point increase in Hair Oils, 233 basis points in Digestives, 250 basis points in Fruit Nectars, and 166 basis points in Air Fresheners.

International business remains resilient

Despite continued headwinds in the Middle East market, Dabur's international business managed to grow 2.5% during Q4 FY26. According to the company data, the growth was led by strong performance in Sub-Saharan Africa, which grew 20%, followed by UK & EU operations that rose 10%. Bangladesh business expanded 22%, while Namaste US reported 6.2% growth.

For the full financial year FY26, Dabur reported a 7.37% rise in consolidated profit to Rs. 1,868.69 crore. Total consolidated income for the year increased 5.17% to Rs. 13,792 crore.

Dabur announces dividend

Dabur's board recommended a final dividend of Rs. 5.50 per share for FY26, adding further positive sentiment among investors.

The company also announced the launch of "SIENS", its first online-only direct-to-consumer nutraceutical brand.

Meanwhile, global brokerage Jefferies initiated coverage on Dabur with a "Buy" rating and assigned a target price of Rs. 610, indicating potential upside from current levels.

Systematix Institutional Equities also maintained a positive outlook on the stock with a "BUY" rating, a current market price (CMP) of Rs. 467, and a target price of Rs. 565.

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