Dabur Q2 PAT rises 12% to ₹499 Cr; margin slips

Dabur India Limited (DABUR) reported Q2FY27 net profit of ₹499 Cr, up 12% YoY but down 15% QoQ. Revenue stood at ₹3,563 Cr, up 12% YoY and down 5% QoQ. EBITDA was ₹632 Cr, up 8% YoY but down 15% QoQ. EBITDA margin contracted to 17.7% from 18.4% YoY (down 68 bps) and from 19.7% QoQ (down 194 bps). EPS rose 12% YoY to ₹2.85. Other income stood at ₹172 Cr. The company delivered double-digit revenue and profit growth for the fourth consecutive quarter on the profit front, supported by volume growth and international business performance, though higher input costs weighed on operating margins. An interim dividend of ₹3.50 per share was also declared. The key triggers are the 12% YoY rise in both revenue and PAT to ₹3,563 Cr and ₹499 Cr respectively, alongside the 68 bps contraction in EBITDA margin. This reflects healthy demand recovery but ongoing cost pressures. Peers such as Hindustan Unilever, Godrej Consumer Products and Marico may face comparison on volume growth and margin trends. Near-term prices could react positively to the double-digit growth and dividend, though margin compression may limit upside. Risks include sustained input cost inflation, weaker rural demand, or further margin pressure. Competitors listed: Hindustan Unilever, Godrej Consumer Products, Marico. We have no financial interest in this news.