Dabur India Limited has projected mid-single-digit consolidated revenue growth for the quarter ending September 30, 2025, alongside an expected rise in operating profit in alignment with revenue growth, according to its quarterly update released today.
The company encountered temporary sales disruptions in September following the GST Council’s announcement of reduced tax rates. Consumers postponed purchases to take advantage of lower prices, while distributors and retailers concentrated on depleting existing higher-priced inventory.
The GST changes decreased rates from 12-18 percent to 5 percent for essential categories such as oral care, juices, hair oils, shampoos, digestives, and culinary products, which comprise approximately 60 percent of Dabur’s business in India.
Despite these challenges, retail offtakes remained robust, leading to market share gains across over 90 percent of Dabur’s portfolio. Brands not affected by the GST, such as Dabur Honey, Anmol Coconut Oil, Gulabari, and Hajmola Zeera, performed strongly. The oral care segment continued its strong growth trajectory, with Red Toothpaste and Meswak projected to achieve double-digit growth.
In the beverage sector, performance was hindered by unexpected rainfall and flooding in July and August; however, the premium Activ portfolio is anticipated to achieve impressive growth exceeding 30 percent.
Dabur’s international operations faced difficulties due to political unrest in Nepal but reported positive outcomes in MENA, Turkey, Namaste, and Bangladesh markets. Overall, mid-single-digit growth is expected in both rupee and constant currency terms.
Dabur reaffirmed its commitment to passing on GST benefits to consumers while forecasting stronger consumption and revenue momentum in the forthcoming quarters.
Shares of Dabur India Limited were flat at ₹493.25 on the NSE as of 2 PM today.
Published on October 7, 2025.
