Dabur India Reports 6.5% Q2 Profit Growth, Misses Estimates; Declares Interim Dividend

FMCG major Dabur India Ltd reported its financial results for the second quarter of FY26 (July-September). The company's consolidated net profit rose by 6.5% year-on-year (YoY) to ₹444.8 crore, which was slightly below the market's expectation of ₹450 crore. Revenue for the quarter saw a 5.4% YoY increase, reaching ₹3,191.3 crore, narrowly missing the estimated ₹3,210 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) improved by 6.6% YoY to ₹588.7 crore, marginally surpassing the estimate. The operating margin remained stable at 18.4%, a slight improvement from 18.2% in the same quarter last year and in line with expectations.

Additionally, the Board of Directors approved an interim dividend of ₹2.75 per equity share for FY26. The record date for determining eligible shareholders for this dividend has been set as November 7, 2025.

Impact: While the earnings missed analyst expectations, the year-on-year growth and stable operating margins, along with the declaration of an interim dividend, could offer some support. Investors will be looking for management commentary on future growth drivers and margin sustainability. The stock may see some initial caution due to the earnings miss but the dividend payout is a positive signal.

Difficult Terms: FMCG: Fast-Moving Consumer Goods. These are products that are sold quickly and at a relatively low cost, such as packaged foods, beverages, toiletries, and over-the-counter drugs. YoY: Year-on-Year. A comparison of financial data from one period to the same period in the previous year. Consolidated Net Profit: The total profit of a company and its subsidiaries after all expenses and taxes have been deducted. Revenue: The total income generated from the sale of goods or services related to the company's primary operations. EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. A measure of a company's operating performance. Operating Margin: A profitability ratio that shows how much profit a company makes on a dollar of sales after paying for variable costs of production, but before paying interest or tax. Interim Dividend: A dividend payment made by a company during its financial year, before the final annual dividend is declared.