Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Sep - Dabur will attend investor conferences on Sep 21-22, 2026 in Mumbai.
Source: Bse
Dabur India Limited (DABUR)
Mid CapFMCG stocks · Mid cap · NSE
Dabur India Limited is an Indian consumer goods company with a diversified portfolio across Home & Personal Care, Healthcare, and Foods & Beverages. It focuses on driving market share gains in key categories and expanding its presence both domestically and internationally.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result29 Jul, 10:19 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
24Bearishfull bear SMA stack · MACD + · near 52W low · sector -5.7pp vs Nifty 500 (3M)
Stock trend: 31
Sector RS: 14
Sector 3M: -11.3% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DABURD candles · FIT view-15.8%TODAY · PROVISIONALLatest price ₹379.05 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
+0.1%
RSI
46
MACD hist
0.42
52W pos
7%
2026-10-21O ₹378.50H ₹379.15L ₹371.75C ₹379.05Vol 9.0L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DABURNifty FMCGNifty 500
- DABUR
- -11.3%
- Nifty 500
- -5.6%
- Nifty FMCG
- -10.5%
- Vs Nifty 500
- -5.7 pp
Chart stats
19 Oct 2026- From 52W high
- -29.1%
- 52W range position
- 6%
- ATR (14)
- 2.2%
- Volume vs 20D
- 0.60x
- Avg traded value
- ₹68 Cr
- 20D price channel
- ₹372.8 - ₹395.5
₹534
₹368.1 - ₹534
₹8.5
Latest completed session
20-session average
26.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST42
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average42
Revenue +10.5% · PAT +15.3% YoY
Technical
Bearish24
Price trend and sector-relative-strength timing.
Valuation
Legacy model-285.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence82
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 42/100margin compression · Rev +11% YoY · PAT +15% YoY · +24% QoQ
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,764 Cr | +10.5% | +23.9% |
| EBITDA | ₹741 Cr | +11.1% | +60.7% |
| Operating margin | 20.0% | +0 bps | +500 bps |
| PAT | ₹586 Cr | +15.3% | +61.9% |
| PAT margin | 15.6% | +65 bps | +365 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 34.30
- P/B
- 5.95
- EV/EBITDA
- 23.09
- Market Cap
- 67996.00Cr
Profitability
- ROE
- 17.00%
- ROCE
- 20.30%
- ROA
- 10.69%
- Dividend Y
- 2.15%
Growth (CAGR)
- Revenue 5Y
- 7.00%
- EPS 5Y
- 2.00%
- Revenue 3Y
- 5.00%
- EPS 3Y
- 4.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- 17.17×
- Altman Z
- 8.39
- Book Value
- 64.40
Cash Flow
- FCF Yield
- 2.36%
- FCF Positive Y
- 10/5
- OCF
- 2579.00 Cr
- EPS TTM
- 11.12
Shareholding
- Promoter Hold
- 66.24%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 9%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 13.2k+5.0% vs prev
Net Profit
₹ CrLatest: 1,869+7.4% vs prev
Return on Equity
%Latest: 16.4+1.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend down. RSI 46.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 46 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
22
RS percentile
Stage 4 Downtrend
1M return
-4.2%
3M return
-11.3%
6M return
-17.7%
1Y return
-24.8%
RS 1D
0
RS 20D
+5
Sector rank
#15
Industry rank
#26
Stage evidence
- Price is 9.8% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -3.1%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 79.23-0.66%
RS vs Nifty 50079
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation1/30
Growth5/25
Quality11/20
Balance Sheet11/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
42
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
42/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Cash flow contributes 8/10 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Fair-value margin of safety is negative at -285.2%.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
- Growth is weaker at 5/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
34.3
PB
6.0
EV/EBITDA
23.1
ROE
17.0%
ROCE
20.3%
FCF Yield
2.4%
Debt/Equity
0.1
MoS
-285.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
42
Previous: 42
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-285.2%
Previous: -284.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
42
42
42
42
42
42
42
42
42
42
42
42
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹126.94
-198.6% MoS
Growth-justified P/E
8.8
Growth-justified Value
₹98.41
-285.2% MoS
PEG
12.25
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GODREJCP
Large
Godrej Consumer Products Limited
Consumer Goods
match 126
36
43.0
16.1%
-362%
WATCHLIST
GODFRYPHLP
Mid
Godfrey Phillips India Limited
Consumer Goods
match 123
77
20.6
23.4%
+54%
DEEP VALUE
CUPID
Micro
Cupid Limited
Consumer Goods
match 122
55
346.0
27.6%
-633%
FAIR VALUE
EMAMILTD
Large
Emami Limited
Consumer Goods
match 121
62
21.8
26.2%
+50%
UNDERVALUED
GILLETTE
Large
Gillette India Limited
Consumer Goods
match 117
69
35.2
66.5%
+21%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T19:11:47.544Z
Management commentary snapshot
Consolidated Revenue grew 7.3% YoY, driven by 6% India volume growth. Operating Profit increased 8.2% YoY with 12 bps margin expansion, while PAT rose 15.1% YoY (10.1% ex-one-time gain) with 82 bps margin expansion.
Dabur delivered a robust Q4 FY26, marked by strong India volume growth and consistent market share gains across its core categories. Profitability outpaced revenue growth, indicating effective cost management. However, geopolitical issues in the Middle East and adverse weather conditions impacted some segments.
Current business mix
Domestic Revenue by Vertical
Latest issuer-disclosed distribution across 3 reported categories.
Healthcare51.0%
HPC28.0%
F&B21.0%
Growth engines
Amla franchise
Hair oils sustained its growth momentum and grew in twenties; driven by Amla franchise
Shampoo category
Shampoo category registered growth in early twenties and market share gains
Dabur Honey
Dabur Honey reported double-digit growth in twenties
Hajmola franchise
Hajmola franchise grew in double digits and gained market share
Tailwinds
Market Share Gains
Continued gain in market shares across key categories
Strong HPC Performance
HPC registered strong double-digit growth
International Growth (ex-MENA)
Double-Digit Growth Across Major Markets (SSA, Bangladesh, Nigeria, Turkey, UK)
Headwinds
Middle East Business Impact
Middle east business impacted amidst geo political disturbances
Unseasonal Rains
Unseasonal rains in March-2026 impacted summer portfolio business
Risk radar
Geopolitical Volatility
Middle east business impacted amidst geo political disturbances
Weather Dependency
Unseasonal rains in March-2026 impacted summer portfolio business
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
All financial and business performance metrics in the presentation are explicitly stated as Year-on-Year (YoY) growth, indicating this is the primary comparison basis.
Sector KPIs management disclosed
India Volume Growth
6% India Volume Growth
Market Share Gains
Continued gain in market shares across key categories
Operating Profit Margin
Operating Profit % of Revenue 15.2% (Q4 FY26), +12 bps YoY
Material Cost Trend
Material Cost 1,570.1 Cr (Q4 FY26), +4.0% YoY
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| India Volume Growth | 6% | Sustained or accelerating volume growth in India FMCG |
| Operating Profit Margin | 15.2% | Continued margin expansion or stability despite input cost fluctuations |
| International Business Performance | 7.3% YoY (Consolidated) | Recovery in MENA region and continued strong growth in other international markets |
| Market Share Trends | Gains across key categories | Continued market share gains across core categories |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
82Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 77th percentile within FMCG. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
216 docs text-extracted · 73 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
94th percentile
overall median 67 · FMCG: 77th pctile, median 79 · Mid: 81st pctile, median 76
Evidence depth
Financial-only
216 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
74
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 66.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.4%.
- ▸10 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Dabur India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Sep - Submission of Information under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Schedule of Analysts/ Institutional Investors Meet
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Sep - Publication of notice pertaining to proposed transfer of Equity Shares to Investor Education Protection Fund (IEPF) Account
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Publication of Newspaper Advertisement for loss of share certificates
Source: Bse
Announcement
Announcement Under Regulation 30- ESG Rating 3 Sep - NSE Sustainability assigned Dabur an ESG score of 73, placing it in the Leader category.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.