Dabur India expects double-digit Q2 growth; shares fall on rural demand concerns

Dabur India

07/10/2026 06:27

   ** Consumer goods maker Dabur India's DABU.NS shares down 0.9% at 385.4 rupees on rural demand concerns
** Co expects consolidated revenue and profit after tax to grow by double-digit percentages in Q2
** Macquarie ("Neutral"; PT: 480 rupees) says it likes the sequential demand recovery seen during the quarter, which should aid near-term performance, but risks to rural demand due to El Niño-linked weather remain a concern
** Nomura ("Buy"; PT: 625 rupees) expects EBITDA margin to marginally moderate Y/Y, while EBITDA growth to be similar to Q1 at 11% Y/Y
** Nuvama ("Buy"; PT: 620 rupees) sees consol revenue to grow ~12% Y/Y and EBITDA at 8% Y/Y for Q2 
** YTD, shares down 23.5% vs Nifty 50 .NSEI index down 13.3%
** YTD, Nifty FMCG .NIFTYFMCG index 19.1%

(Reporting by Mridula Kumar in Bengaluru)
((Mridula.Kumar@thomsonreuters.com;))