FMCG major Dabur India Ltd reported steady business momentum for the quarter ended March 31, 2026 (Q4 FY26), with strong domestic demand helping offset disruptions in key international markets, particularly the Middle East.
In a quarterly update ahead of its detailed earnings, the company said its India business remained resilient amid a stable macroeconomic environment. However, geopolitical tensions in the Middle East, triggered by the US-Israel-Iran conflict, led to demand disruptions and supply chain constraints in the region.
The India FMCG business witnessed a sequential recovery and is expected to post high single-digit growth during the quarter. The Home and Personal Care segment continued its strong performance, likely growing in the mid-teens, driven by categories such as hair oils, shampoos and home care, which are expected to clock growth in the twenties.
In the healthcare segment, products such as Dabur Honey, Honitus, health juices and the Hajmola franchise are likely to deliver robust double-digit growth. However, overall healthcare growth is expected to remain in the low single digits, impacted by weaker performance in Dabur Glucose due to unseasonal rains in key markets in March.
The foods and beverages segment showed sequential improvement and is expected to post low single-digit growth. While categories such as foods, Real Activ juices and coconut water recorded over 20% growth, the out-of-home portfolio was affected by unseasonal rains. The Real brand continued to outperform its categories and gain market share across nectars, juices and coconut water.
On the distribution front, organised trade channels-- including modern trade, e-commerce and quick commerce -- maintained strong growth momentum, alongside a gradual recovery in general trade.
In international markets, while the Middle East business remained under pressure, other key geographies such as Turkey, Bangladesh and the UK posted double-digit growth in constant currency terms. Overall international business is expected to register low single-digit growth in rupee terms.
The company said it expects consolidated revenue to grow in mid-single digits for the quarter, with operating profit likely to outpace revenue growth.
Looking ahead, Dabur said it expects a gradual recovery in domestic consumption trends, while remaining cautious about geopolitical developments. The company added that it will continue to take proactive measures to mitigate any potential impact on operations and costs.