Dabur India Q2 FY27 results: what the company reported
Dabur India Limited filed its unaudited results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE on the afternoon of 4 November 2026, after a board meeting held the same day. At the same meeting the board declared an interim dividend and approved changes to the board and senior management, which the company filed separately the same evening.
Published 5 November 2026 · Potoos Research Services
In short. For July to September 2026, Dabur India reported consolidated revenue from operations of Rs 3,563.07 crore, up +11.6% from Rs 3,191.32 crore a year earlier. Consolidated net profit was Rs 498.57 crore, up +12.1% from Rs 444.79 crore, and the part belonging to Dabur’s own shareholders was Rs 505.50 crore, up +11.7%. The board declared an interim dividend of Rs 3.50 per share.
The numbers
The first two tables are consolidated, in Rs crore, as printed in the company’s statement of consolidated results. The change column is worked out by us from the filing’s own numbers.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 3,563.07 | 3,191.32 | +11.6% |
| Total income (revenue plus other income) | 3,734.96 | 3,331.45 | +12.1% |
| Profit before tax | 645.52 | 573.02 | +12.7% |
| Net profit | 498.57 | 444.79 | +12.1% |
| Net profit attributable to owners of the holding company | 505.50 | 452.55 | +11.7% |
| EPS, basic (Rs) | 2.85 | 2.55 | +11.8% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 7,327.46 | 6,595.90 | +11.1% |
| Total income | 7,671.91 | 6,880.00 | +11.5% |
| Profit before tax | 1,401.17 | 1,235.64 | +13.4% |
| Net profit | 1,084.73 | 953.08 | +13.8% |
| Net profit attributable to owners of the holding company | 1,096.38 | 966.46 | +13.4% |
| EPS, basic (Rs) | 6.18 | 5.45 | +13.4% |
There were no exceptional items in the consolidated results for the quarter or the half year, in either year. Diluted EPS was Rs 2.84 for the quarter (Rs 2.55 a year earlier) and Rs 6.17 for the half year (Rs 5.44). The owners’ share is higher than the group’s net profit because the statement shows a loss of Rs 6.93 crore for the quarter attributable to non-controlling interest (Rs 11.65 crore for the half year).
Against the previous quarter (April to June 2026), consolidated revenue from operations was lower: Rs 3,563.07 crore against Rs 3,764.39 crore, a change of -5.3%. Consolidated net profit was Rs 498.57 crore against Rs 586.16 crore, a change of -14.9%.
The consolidated segment table splits revenue by business. For the quarter, segment revenue of the Consumer care business was Rs 2,953.29 crore against Rs 2,650.81 crore a year earlier (+11.4%), and segment revenue of the Food business was Rs 531.38 crore against Rs 465.84 crore (+14.1%). Segment results, as filed, were Rs 658.86 crore for Consumer care (Rs 595.18 crore a year earlier) and Rs 63.86 crore for Food (Rs 56.62 crore).
Dabur India Limited on its own (standalone)
Dabur also filed standalone results, for Dabur India Limited alone without its subsidiaries. Also in Rs crore:
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 2,432.87 | 2,234.77 | +8.9% |
| Total income | 2,561.26 | 2,341.23 | +9.4% |
| Profit before tax | 494.85 | 446.74 | +10.8% |
| Net profit | 387.84 | 348.68 | +11.2% |
| EPS, basic (Rs) | 2.19 | 1.97 | +11.2% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 5,120.21 | 4,704.28 | +8.8% |
| Total income | 5,379.30 | 4,926.66 | +9.2% |
| Profit before tax | 1,072.51 | 967.41 | +10.9% |
| Net profit | 840.25 | 756.09 | +11.1% |
| EPS, basic (Rs) | 4.74 | 4.26 | +11.3% |
There were no exceptional items in the standalone results for the quarter or the half year, in either year. Standalone diluted EPS was Rs 2.18 for the quarter (Rs 1.96 a year earlier) and Rs 4.73 for the half year (Rs 4.26). Against April to June 2026, standalone revenue from operations was Rs 2,432.87 crore against Rs 2,687.34 crore (-9.5%) and standalone net profit was Rs 387.84 crore against Rs 452.41 crore (-14.3%).
The company’s press release reports Q2 revenue growth of 11.6% and net profit growth of 11.7%. Both are consolidated: our own working from the consolidated table gives +11.6% for revenue from operations and +11.7% for the net profit attributable to owners of the holding company. Total consolidated net profit, including the non-controlling interest, rose +12.1%.
What the company said
These are the company’s own words, from the board-meeting letter on changes in directors and key managerial personnel that it filed with NSE on 4 November 2026, and from the resignation letter attached to it.
“Accepted the resignation of Mr. Mohit Malhotra (DIN: 08346826), Global Chief Executive Officer and Whole-time Director, from the Company, with effect from November 13, 2026 as he wishes to pursue personal interests.”
Dabur India, outcome of board meeting (change in directors), 4 November 2026
“I have accepted a leadership role overseas, effective 16 November 2026.”
Mohit Malhotra, resignation letter dated 3 November 2026, Annexure A to the same filing
The board approved the appointment of Mr Herjit Singh Bhalla, Chief Executive Officer-India Business, as Additional Director and Whole-time Director with effect from 14 November 2026, subject to the required approvals.
Also announced on 4 November 2026
- Interim dividend: Rs 3.50 per equity share of face value Re 1 (350%) for FY 2026-27, aggregating Rs 620.88 crore, as reported in the results notes. The company fixed Tuesday, 10 November 2026 as the record date and said payment would begin from 25 November 2026. NSE lists 10 November as a trading holiday for Diwali-Balipratipada. The record date is not the last eligible purchase date; check the exchange’s official ex-date notice separately.
- Resignation: Mr Mohit Malhotra, Global Chief Executive Officer and Whole-time Director, with effect from 13 November 2026.
- Appointment: Mr Herjit Singh Bhalla, Chief Executive Officer-India Business, as an Additional Director and a Whole-time Director with effect from 14 November 2026, for five years, subject to regulatory approvals; the company says shareholder approval will be sought by postal ballot.
- Mr P. D. Narang, an existing Whole-time Director, will continue to provide strategic guidance across the group’s businesses, including oversight of the International business, the company said.
- Mr Gopal Krishna Jain appointed a Non-Executive Independent Director for two years, from 31 December 2026 to 30 December 2028, subject to shareholder approval through postal ballot.
- Mr Romesh Sobti designated Lead Independent Director from 1 January 2027, in place of Mr Mukesh Hari Butani, whose term ends on 31 December 2026.
- Mr Ashok Kumar Jain, Group Company Secretary and Chief Compliance Officer, will superannuate from the close of business on 30 November 2026; Mr Ankush Jain, Chief Financial Officer, is designated Compliance Officer from 1 December 2026.
- Sesa Care: note 4 to the results says the National Company Law Tribunal approved the amalgamation of Sesa Care Private Limited with Dabur India Limited at a hearing on 24 September 2026, with an appointed date of 1 April 2026. The company received the certified order on 12 October 2026; the note says the amalgamation becomes effective on filing it with the Registrar of Companies.
What the auditors said
The figures are unaudited. The statutory auditors, G Basu & Co, Chartered Accountants, carried out a limited review, which is lighter than a full audit. Their review reports, dated 4 November 2026, have no emphasis of matter. The consolidated report notes that the group’s share of a joint venture’s loss (Rs 0.30 crore for the quarter, Rs 0.80 crore for the half year) is based on figures not reviewed by that venture’s auditor; the report says the company’s management told the auditors this is not material to the group, and that its conclusion is not modified in respect of this matter.
Dates
- Board meeting: 4 November 2026, from 2 p.m. to 4 p.m. IST, as stated in the company’s letters. The board approved the results at this meeting after the Audit Committee reviewed them.
- Filed with NSE: 4 November 2026 at 16:20 IST (results), followed by the press release at 16:24 IST (a revised press release at 16:44 IST), the dividend at 16:41 IST and the changes in directors and management from 16:55 IST.
- Interim dividend record date: Tuesday, 10 November 2026. Payment: from 25 November 2026 onwards.
- Mr Mohit Malhotra’s resignation takes effect from 13 November 2026; Mr Herjit Singh Bhalla’s appointment to the board takes effect from 14 November 2026.
Consolidated and standalone: consolidated figures add up Dabur India Limited and its subsidiaries in India and abroad as one group, with its share of a joint venture. Standalone figures cover Dabur India Limited alone.
Owners of the holding company: the part of the group’s profit that belongs to Dabur’s own shareholders. The rest belongs to outside shareholders in subsidiaries Dabur does not fully own. EPS is worked out on the owners’ part.
Record date: the date the company uses to decide which shareholders receive the dividend.
Rs crore: one crore is one hundred lakh, or ten million rupees. The filing reports in crore, so this page does too.
Q2 FY27: the second quarter of the financial year that runs from April 2026 to March 2027.
Source
- Dabur India, outcome of board meeting with unaudited standalone and consolidated financial and segment-wise results, limited review reports and interim dividend, 4 November 2026. nsearchives.nseindia.com
- Dabur India, interim dividend filing, 4 November 2026 (the same document as the results filing). nsearchives.nseindia.com
- Dabur India, press release (revised), 4 November 2026. nsearchives.nseindia.com
- Dabur India, outcome of board meeting: change in directors, key managerial personnel and compliance officer, with Mr Mohit Malhotra’s resignation letter, 4 November 2026. nsearchives.nseindia.com
- Dabur India, resignation of Mr Mohit Malhotra, 4 November 2026. nsearchives.nseindia.com
- Dabur India, appointment of Mr Herjit Singh Bhalla, 4 November 2026. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the company’s filing, and every percentage change is worked out from the filing’s own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
What was Dabur India’s revenue in Q2 FY27?
Consolidated revenue from operations for July to September 2026 was Rs 3,563.07 crore, against Rs 3,191.32 crore in July to September 2025, a change of +11.6%. Standalone revenue from operations, for Dabur India Limited alone, was Rs 2,432.87 crore, against Rs 2,234.77 crore, a change of +8.9%.
Did Dabur India’s profit go up or down in Q2 FY27?
Up. Consolidated net profit for the quarter was Rs 498.57 crore, against Rs 444.79 crore a year earlier, a change of +12.1%; the part attributable to owners of the holding company was Rs 505.50 crore against Rs 452.55 crore (+11.7%). Standalone net profit was Rs 387.84 crore, against Rs 348.68 crore, a change of +11.2%.
Are the 11.6% and 11.7% in the press release standalone or consolidated?
Consolidated. Consolidated revenue from operations rose from Rs 3,191.32 crore to Rs 3,563.07 crore (+11.6%), and the net profit attributable to owners of the holding company rose from Rs 452.55 crore to Rs 505.50 crore (+11.7%). On a standalone basis the changes were +8.9% for revenue and +11.2% for net profit.
What interim dividend did Dabur India declare?
Rs 3.50 per equity share of face value Re 1 (350%) for the financial year 2026-27, aggregating Rs 620.88 crore. The record date is Tuesday, 10 November 2026, and the company said the dividend will be paid from 25 November 2026 onwards.
What board changes did Dabur India announce?
The board accepted the resignation of Mr Mohit Malhotra, Global Chief Executive Officer and Whole-time Director, with effect from 13 November 2026, and appointed Mr Herjit Singh Bhalla, Chief Executive Officer-India Business, as an Additional Director and Whole-time Director with effect from 14 November 2026, for five years, subject to approvals.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.