Dabur India: FMCG sector saw sequential demand recovery in June quarter

Strong performance is expected from the Home and Personal Care and Healthcare segments, with products like Dabur Red, Odonil, and Honitus showing double-digit growth. 

Dabur India expects to record “low-single digit” growth in consolidated revenue for the June quarter, due to unseasonal rains impacting its beverage business. In its quarterly preview for Q1 FY26, it stated that consolidated operating profit growth is expected to be marginally lower than revenue growth. The company also noted that in the June quarter, the Indian FMCG industry witnessed a sequential recovery in demand with an uptick in volume growth, particularly in urban markets.

“Dabur’s Home and Personal Care (HPC) division is expected to perform well, driven by the oral, home and skin care categories. Key brands such as Dabur Red Toothpaste, Odonil, Odomos, and Gulabari are expected to post strong growth coupled with market share gains. Within healthcare our brands such as Dabur Honey, Hajmola, Dabur Honitus, and Dabur Health Juices are expected to post robust double-digit growth. Dabur Honitus is expected to perform exceedingly well with over 40 per cent growth,” the company stated in its quarterly preview for Q1FY26.

However, the beverage portfolio was adversely impacted during the quarter due to unseasonal rains and a short summer. “However, Activ Juices and Activ Coconut water saw good momentum with growth expected in mid-teens. The company is planning to focus on the Activ portfolio going forward to capture the consumer trends and reduce the seasonality of our juices portfolio,” Dabur India stated in its BSE filing.

“On account of decline in beverages, Dabur’s consolidated revenue is expected to grow in low-single digits. Consolidated operating profit growth is expected to marginally lag revenue growth,” the company added.

Organised trade, including e-commerce, Quick commerce and Modern Trade, maintained their growth momentum during the June quarter.

The homegrown FMCG major said it expects revenue growth to regain momentum in the coming quarters due to favourable macroeconomic conditions, including an above average monsoon, good agricultural output, easing inflation and consumption-focused government measures.

“International business is expected to post double digit constant currency growth led by key markets like MENA, Turkey, Bangladesh and US Namaste business,” it added.

Dabur India believes the fundamentals of the business remain strong, and it is continuing to invest behind its brands, expand its distribution reach, build a strong back end and capture efficiencies “to deliver good growth in revenue and profitability for the year.

Published on July 4, 2025