Dabur India Q2 FY27 Results: Consolidated Net Profit ₹499 Crore on Total Income of ₹3,735 Crore
- Earnings
- Fast moving consumer goods
Reviewed byKeshav SehgalBlacklitt Research
Dabur India reported consolidated total income of ₹3,734.96 crore and net profit of ₹498.57 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹2,561.26 crore and net profit ₹387.84 crore. It said in a filing on 04 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹3,734.96 crore, up 12.1% YoY and down 5.1% QoQ
- Net profit and EPS: ₹498.57 crore, up 12.1% YoY; basic EPS ₹2.85
- Finance costs: ₹39.59 crore, down 0.2% YoY
- Interim dividend: ₹3.50 per share, record date 10 Nov 2026
Standalone
The company on its own, without its subsidiaries
- Total income: ₹2,561.26 crore, up 9.4% YoY and down 9.1% QoQ
- Net profit and EPS: ₹387.84 crore, up 11.2% YoY; basic EPS ₹2.19
- Finance costs: ₹26.50 crore, up 35.2% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 3,734.96 | 3,331.45 | +12.1% | 3,936.95 | -5.1% | |
| Revenue from operations | 3,563.07 | 3,191.32 | +11.6% | 3,764.39 | -5.3% |
| Other income | 171.89 | 140.13 | +22.7% | 172.56 | -0.4% |
| 498.57 | 444.79 | +12.1% | 586.16 | -14.9% | |
| Profit before tax | 645.52 | 573.02 | +12.7% | 755.65 | -14.6% |
| Finance costs | 39.59 | 39.68 | -0.2% | 36.63 | +8.1% |
| Depreciation | 118.92 | 115.40 | +3.1% | 121.17 | -1.9% |
| Tax expense | 139.00 | 128.23 | +8.4% | 169.49 | -18.0% |
| Net profit margin | 13.35% | 13.35% | -0.00 pp | 14.89% | -1.54 pp |
| EPS, basic (₹) | 2.85 | 2.55 | +11.8% | 3.33 | -14.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 12.1% YoY, in line with total income, while profit before tax rose 12.7%. Tax expense rose 8.4% to ₹139.00 crore, which is 21.5% of profit before tax, against ₹128.23 crore a year earlier.
Other income of ₹171.89 crore is 4.6% of total income and 26.6% of profit before tax. It grew 22.7% YoY, faster than revenue from operations at 11.6%, so other income carries more weight in the result than a year ago.
Finance costs of ₹39.59 crore are 1.1% of total income and were almost flat on the year-earlier ₹39.68 crore, while depreciation rose 3.1%.
The share of loss from the joint venture Forum I Aviation Private Limited was about ₹0.30 crore for the quarter. Management considers it not material, and the auditor did not review its figures. The statement shows no exceptional items for the quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,561.26 | 2,341.23 | +9.4% | 2,818.04 | -9.1% | |
| Revenue from operations | 2,432.87 | 2,234.77 | +8.9% | 2,687.34 | -9.5% |
| Other income | 128.39 | 106.46 | +20.6% | 130.70 | -1.8% |
| 387.84 | 348.68 | +11.2% | 452.41 | -14.3% | |
| Profit before tax | 494.85 | 446.74 | +10.8% | 577.66 | -14.3% |
| Finance costs | 26.50 | 19.60 | +35.2% | 21.72 | +22.0% |
| Depreciation | 65.74 | 64.13 | +2.5% | 67.08 | -2.0% |
| Tax expense | 107.01 | 98.06 | +9.1% | 125.25 | -14.6% |
| Net profit margin | 15.14% | 14.89% | +0.25 pp | 16.05% | -0.91 pp |
| EPS, basic (₹) | 2.19 | 1.97 | +11.2% | 2.55 | -14.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 11.2% YoY, faster than total income at 9.4%, and profit before tax rose 10.8%.
Other income of ₹128.39 crore is 5.0% of total income and 25.9% of profit before tax. It grew 20.6% YoY, faster than revenue from operations at 8.9%.
Finance costs rose 35.2% to ₹26.50 crore, which is 1.0% of total income. Consolidated net profit of ₹498.57 crore is ₹110.73 crore higher than standalone net profit of ₹387.84 crore.
Inference
The board declared an interim dividend of ₹3.50 per equity share of face value ₹1 for FY 2026-27, aggregating ₹620.88 crore, with 10 Nov 2026 as the record date and payment from 25 Nov 2026. In the quarter, a final dividend of ₹5.50 per share for FY 2025-26, aggregating ₹975.67 crore, was paid.
NCLT approved the amalgamation of Sesa Care Private Limited with Dabur India on 24 Sep 2026, with appointed date 01 Apr 2026; it takes effect when the certified order is filed with the Registrar of Companies. The filing does not say what financial effect the amalgamation will have on results, and it does not explain the change in consolidated tax expense.
Filed with BSE on . Reference: Original filing (PDF)
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