Dabur / Q3-FY26

Read the quarter in context.

A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

Positive2026-01-20Back to DABUR

Revenue

₹3,559 Cr

verified against source

Revenue YoY

6.1%

reported change

EBITDA

Pending

latest reported figure

Source

screener in

record provenance

Actual signal trajectory

Where this quarter sits.

source records only
Revenue (₹ Cr)PositiveWatchNegative
12 actual records
Actual quarterly Revenue (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q1 FY24: 3,130 · Positive source sentiment · 2023-08-02Q1 FY24Q2 FY24: 3,204 · Watch source sentiment · 2023-10-31Q2 FY24Q3 FY24: 3,255 · Positive source sentiment · 2024-01-31Q3 FY24Q4 FY24: 2,815 · Watch source sentiment · 2024-05-08Q4 FY24Q1 FY25: 3,349 · Positive source sentiment · 2024-08-07Q1 FY25Q2 FY25: 3,029 · Watch source sentiment · 2024-10-31Q2 FY25Q3 FY25: 3,355 · Watch source sentiment · 2025-01-31Q3 FY25Q4 FY25: 2,830 · Watch source sentiment · 2025-04-30Q4 FY25Q1 FY26: 3,405 · Watch source sentiment · 2025-08-01Q1 FY26Q2 FY26: 3,191 · Watch source sentiment · 2025-10-30Q2 FY26Q3 FY26: 3,559 · Positive source sentiment · 2026-01-20Q3 FY26Q4 FY26: 3,038 · Positive source sentiment · 2026-04-??Q4 FY263,5592,815
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Dabur India reported consolidated revenue growth of 6.1% YoY for Q3 FY26, with domestic FMCG growing 6% on 3% volume growth. Operating profit rose 7.7% and PAT grew 10.1% (7.2% adjusted for one-time labor law provision). Growth was driven by strong HPC performance (hair oil +19.1%, toothpaste +10%), rural outperformance, and market share gains in hair oils (193 bps) and juices (650 bps). International business grew 11% in INR terms. Management expects high single-digit revenue growth in Q4 with EBITDA margin expansion, targeting a return to 20% operating margin. Key risks include volatile commodity prices (coconut oil softening) and competitive intensity in oral care.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects Q4 revenue growth to be high single-digit, in line with or slightly above Q3's 6.1%.
  • Management anticipates EBITDA margin expansion in Q4 compared to last year, despite Q4 being a lower margin quarter.
  • Targeting high single-digit to low double-digit revenue growth for FY27, with volume growth being the primary driver.
  • Management aims to return to 20% operating margin through cost savings and proactive price increases.

Risks flagged

  • Coconut oil prices have softened but remain volatile; further declines could impact revenue growth as price-driven growth subsides.
  • Competition in oral care, especially in modern trade, remains high; management noted abatement but not sustained.
  • Juice and glucose businesses are highly dependent on favorable summer weather; unfavorable season could hurt growth.
  • October saw transient headwinds from GST transition; full benefits may take time to materialize.

Key quotes

  • We outpaced the category growth and gained market shares of 193 pips with overall volume market share touching all-time high of 20%.
  • The herbal segment grew 530 basis points ahead of non-herbal segment highlighting a strong and sustained consumer shift towards the natural and herbal oral care products.
  • We are targeting a high single digit to a low double digit growth next year and with operating margin improvement over current year because we want to go back to our erstwhile 20% operating margin.

Research modules

Go one layer deeper.

TranscriptRisk registerPromise ledgerClaim ledgerReality check