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Earlier report,
Dabur expects double-digit Q2 FY27 revenue growth as hair care, e-commerce and quick commerce drive India FMCG
Our read
Dabur most likely delivers double-digit growth led by hair care and new channels, while input costs keep margins as the weak point.
For operators
Dabur's guidance of high-teens growth in hair oils and shampoos, mid-teens in food and beverages, and rising e-commerce and quick-commerce sales suggests those channels are paying off, so FMCG operators should prioritize quick-commerce assortment, pack sizes and trade terms now, ahead of input-cost pressure on margins.
Watch
Q2 FY27 results for the quarter ended September 30, 2026: consolidated revenue growth versus the double-digit guide
The report,
Dabur's hair oils and shampoos are projected to grow in the high teens in the quarter ended September 30, 2026, while India FMCG accelerates to double-digit growth. Input cost pressure continues to weigh on margins.
- Hair Oils and Shampoos Q2 FY27 growth
- high teens
- Food and Beverages Q2 FY27 growth
- mid-teens
- International business Q2 FY27 growth in INR
- high-teens
What we verified
Checked against the other reports of this story.
- FY26 consolidated revenue from operations: Rs 13,192 crore — Storyboard18 and Financial Express agree.
- FY26 consolidated profit after tax: Rs 1,895 crore — Storyboard18 and Financial Express agree.
- Retail outlets reached: 8.5 million — Storyboard18 and Financial Express agree.
What to watch next
- Reported gross and operating margin versus the prior year, and management commentary on input costs
- Hair oils and shampoos growth landing at or above the high-teens guide, split into volume and price
- Food and beverages growth versus the mid-teens guide
- Peer FMCG results and commentary on quick-commerce share and pricing actions
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Dabur is likely to lean on selective price increases and mix toward hair oils and shampoos to offset input-cost pressure, rather than cutting growth investment.
- Dabur is likely to keep shifting trade spend and assortment toward e-commerce and quick commerce, since those channels are named as growth drivers.
- Expect Dabur's international business to stay a priority, with management likely to cite the high-teens INR growth as evidence of a durable second leg.
- Hair-care rivals such as Marico and Godrej Consumer may respond with quick-commerce-specific packs and promotions to defend share in hair oils and shampoos.
- Sell-side analysts are likely to hold or raise revenue estimates but cut margin forecasts, pending evidence on how much input-cost inflation Dabur can pass through.
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
Dabur expects double-digit Q2 FY27 revenue and profit growth as India FMCG business accelerates; results due 4 November
- Q2 FY27 results announcement date: 4 November, 2026
- Share price change in past year: -21.18%
- Share price change on 6 October: 2.75%
Reported figures
From the report. Source details below
| Retail reach: | 8.5 million outlets |
|---|---|
| FY26 consolidated revenue from operations: | Rs 13,192 crore |
| FY26 consolidated profit after tax: | Rs 1,895 crore |
| Brands with revenue above Rs 1,000 crore: | three |
| Brands in Rs 100-500 crore range: | 16 |
The source
Published
Confirmed by ET Small Business, Moneycontrol, NDTV Profit, Business Standard, Business Today, Financial Express, BW Retail World, exchange4media
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