Overview

• Dabur’s shares climbed over 4% to reach a four-month high after its Q1FY26 business update.
• Sequential demand recovery in urban markets was driven by resilient home and personal care volume growth in categories such as oral care and skincare, supported by strong momentum in e-commerce and modern trade.
• The beverage portfolio faced headwinds from unseasonal rains and a shorter summer, constraining consolidated revenue growth to low single digits and slowing profit gains.
• The company raised its constant-currency international growth forecast to double digits for markets including the MENA region, Turkey, Bangladesh and its Namaste business in the US.
• Brokerage sentiment is divided, with Motilal Oswal maintaining a Buy rating and ₹675 target while Emkay Global retains a Reduce rating at ₹450.