Strength
Earnings consistently backed by cash
Operating cash flow has matched or exceeded reported profit in 5 of the last 6 profit-making years (latest 1.38×).
Importance 49 / 95 · cash quality
Dabur India · Research view
Dabur India Ltd.
NSE: DABURBSE: 500096ISIN INE016A01026Face value ₹1standalone
₹377
−1.05% · 2026-10-01 · 52-wk ₹372–₹525
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
Strength
Consistently free-cash-flow positive
Free cash flow has been positive in 5 of the last 5 years.
Importance 44 / 95 · cash quality
Context
Revenue trajectory
Revenue has compounded at 6.4% a year over 7 years (₹8,533 → ₹13,193) — steady rather than rapid.
Importance 28 / 95 · growth
Section 03 · The company
Who is this company?
Classified by the exchange under Fast Moving Consumer Goods › Fast Moving Consumer Goods › Personal Products › Personal Care.
- Market cap
- ₹66,868 cr
- FY2026 revenue
- ₹9,383 cr
- FY2026 net profit
- ₹1,491 cr
- Net worth
- ₹7,527 cr
- Total debt
- ₹516 cr
- EPS (basic)
- ₹8.41
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 3 personal care.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Context
Revenue has compounded at 6.4% a year over 7 years (₹8,533 → ₹13,193) — steady rather than rapid.
Rule REVENUE_COMPOUNDED_MODERATE
- Revenue growth per year
- +5.9%over 7 years
- Revenue growth
- +3.4%vs last year
- Net profit growth
- +6.3%vs last year
- Change in net profit since FY19
- +18%
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹586 cr, up 15.3% from ₹508 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 revenue was ₹3,764 cr, up 10.6% from ₹3,405 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Strength
Q1 FY27 net profit of ₹586 cr is the highest of the 16 quarters on record for this company.
Rule QTR_PROFIT_AT_RECORD
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 3,029 | — | 418 | — | 13.8% |
| Q3 FY25 | 3,355 | +3.1% | 516 | +1.9% | 15.4% |
| Q4 FY25 | 2,830 | +0.6% | 313 | −8.3% | 11.0% |
| Q1 FY26 | 3,405 | +1.7% | 508 | +2.8% | 14.9% |
| Q2 FY26 | 3,191 | +5.4% | 445 | +6.5% | 13.9% |
| Q3 FY26 | 3,559 | +6.1% | 554 | +7.3% | 15.6% |
| Q4 FY26 | 3,038 | +7.3% | 362 | +15.8% | 11.9% |
| Q1 FY27 | 3,764 | +10.6% | 586 | +15.3% | 15.6% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹13,552 crTTM
- EBITDA
- ₹3,154 crTTM
- EBIT
- ₹2,678 crTTM
- PBT
- ₹2,515 crTTM
- Net profit
- ₹1,947 crTTM
C. Corporate actions
17 Jul 2026DividendFinal Dividend - Rs. - 5.5000 — ₹5.50/share
7 Nov 2025DividendInterim Dividend - Rs. - 2.7500 — ₹2.75/share
18 Jul 2025DividendFinal Dividend - Rs. - 5.2500 — ₹5.25/share
8 Nov 2024DividendInterim Dividend - Rs. - 2.7500 — ₹2.75/share
19 Jul 2024DividendFinal Dividend - Rs. - 2.7500 — ₹2.75/share
10 Nov 2023DividendInterim Dividend - Rs. - 2.7500 — ₹2.75/share
21 Jul 2023DividendFinal Dividend - Rs. - 2.7000 — ₹2.70/share
3 Nov 2022DividendInterim Dividend - Rs. - 2.5000 — ₹2.50/share
21 Jul 2022DividendFinal Dividend - Rs. - 2.7000 — ₹2.70/share
11 Nov 2021DividendInterim Dividend - Rs. - 2.5000 — ₹2.50/share
29 Jul 2021DividendFinal Dividend - Rs. - 3.0000 — ₹3.00/share
11 Nov 2020DividendInterim Dividend - Rs. - 1.7500 — ₹1.75/share
13 Aug 2020DividendFinal Dividend - Rs. - 1.6000 — ₹1.60/share
13 Nov 2019DividendInterim Dividend - Rs. - 1.4000 — ₹1.40/share
7 Aug 2019DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
9 Nov 2018DividendInterim Dividend - Rs. - 1.2500 — ₹1.25/share
4 Jul 2018DividendSpecial Dividend - Rs. - 5.0000 — ₹5.00/share
4 Jul 2018DividendFinal Dividend - Rs. - 1.2500 — ₹1.25/share
7 Nov 2017DividendInterim Dividend - Rs. - 1.2500 — ₹1.25/share
5 Jul 2017DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share
3 Nov 2016DividendInterim Dividend - Rs. - 1.2500 — ₹1.25/share
29 Jun 2016DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share
5 Nov 2015DividendInterim Dividend - Rs. - 1.2500 — ₹1.25/share
29 Jun 2015DividendFinal Dividend - Rs. - 0.7500 — ₹0.75/share
19 Sept 2014DividendInterim Dividend - Rs. - 1.2500 — ₹1.25/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Margin and return trends are shown above.
- EBITDA margin now
- 24.1%
- 8-year range
- 23.8–26.3%
- ROE FY2026
- 19.9%
- ROCE FY2026
- 25.4%
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Operating cash flow has matched or exceeded reported profit in 5 of the last 6 profit-making years (latest 1.38×).
Rule CFO_CONSISTENTLY_EXCEEDS_PAT
Operating cash flowNet profit
- Total debt
- ₹516 cr
- Operating cash flow ÷ net profit
- 1.26×FY2026
- Free cash flow
- ₹1,648 cr
- Current ratio
- 1.56×
Free cash flow has been positive in 5 of the last 5 years.
Section 08 · Relative position
How does it compare with peers?
Ranked against 3 personal care (FY2026, consolidated). No peer-relative rule fired for this company.
Revenue growth
DABUR · 2nd of 3 · set median 5.0%
EBITDA margin
DABUR · 2nd of 3 · set median 23.1%
Return on equity
DABUR · 2nd of 3 · set median 16.2%
P/E ratio
DABUR · 1st of 3 · set median 35.0×
- P / E
- 34.4×TTM to Jun 26
- P / B
- 5.7×latest book
- P / S
- 4.9×TTM sales
- Earnings yield
- 2.9%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 35.8× · P/S 4.8× · ROE 16.2%.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- −23.8%
- 3-year return
- −31.7%
- 5-year return
- −39.0%
- From 52-wk high
- −28.2%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹397
- vs 200-day avg
- Below₹449
- RSI (14)
- 36.1neutral
- MACD histogram
- 0.7
- From 52-wk high
- −28.2%
- From 52-wk low
- +1.5%
- 30-day volatility
- 14.0%ann.
- 6-month return
- −8.1%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
- Cash-flow-statement facts are unavailable for FY2019, FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,273 | 6,310 | 7,185 | 8,180 | 8,684 | 9,136 | 9,071 | 9,383 |
| Total income | 6,548 | 6,587 | 7,461 | 8,521 | 9,077 | 9,553 | 9,523 | 9,861 |
| EBITDA | 1,642 | 1,658 | 1,836 | 2,075 | 2,093 | 2,257 | 2,159 | 2,259 |
| Profit before tax | 1,503 | 1,408 | 1,683 | 1,896 | 1,829 | 1,967 | 1,808 | 1,901 |
| Net profit | 1,264 | 1,170 | 1,382 | 1,433 | 1,373 | 1,509 | 1,403 | 1,491 |
| EPS (₹) | 7.2 | 6.6 | 7.8 | 8.1 | 7.8 | 8.5 | 7.9 | 8.4 |
| Net worth | 3,969 | 4,574 | 5,391 | 5,864 | 6,287 | 6,915 | 7,423 | 7,527 |
| Total debt | 135 | 114 | 172 | 551 | 557 | 698 | 285 | 516 |
| Operating cash flow | — | — | 1,683 | 1,320 | 1,562 | 1,653 | 1,623 | 1,885 |
| Free cash flow | — | — | — | 1,025 | 1,173 | 1,198 | 1,273 | 1,648 |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||
| Revenue growth YoY | — | 0.6 | 13.9 | 13.8 | 6.2 | 5.2 | -0.7 | 3.4 |
| Profit growth YoY | — | -7.4 | 18.1 | 3.7 | -4.2 | 9.9 | -7.0 | 6.3 |
| Profitability | ||||||||
| EBITDA margin % | 26.2 | 26.3 | 25.6 | 25.4 | 24.1 | 24.7 | 23.8 | 24.1 |
| Net margin % | 19.3 | 17.8 | 18.5 | 16.8 | 15.1 | 15.8 | 14.7 | 15.1 |
| Return on equity % | 31.9 | 27.4 | 27.7 | 25.5 | 22.6 | 22.9 | 19.6 | 19.9 |
| Return on capital % | 37.4 | 34.8 | 33.0 | 32.0 | 28.7 | 28.3 | 24.9 | 25.4 |
| Leverage & cash | ||||||||
| Debt to equity | 0.03 | 0.02 | 0.03 | 0.09 | 0.09 | 0.10 | 0.04 | 0.07 |
| Cash flow ÷ profit | — | — | 1.22 | 0.92 | 1.14 | 1.10 | 1.16 | 1.26 |
| Current ratio | 1.40 | 2.26 | 1.39 | 1.14 | 0.85 | 1.19 | 1.28 | 1.56 |