Company Overview

Dabur India Limited, a leading FMCG company, submitted its Integrated Annual Report 2025-26 and Business Responsibility and Sustainability Report to BSE and NSE in compliance with SEBI Regulations 34 and 53. The comprehensive disclosure covers financial performance, corporate governance, sustainability initiatives, and subsidiary operations.

Financial Performance

Consolidated Results (FY 2025-26):

  • Revenue from Operations: ₹13,193 crore (5.0% growth YoY)
  • Operating Profit: ₹2,452 crore with Operating Margin of 18.6% (15 bps improvement)
  • Net Profit: ₹1,895 crore (7.2% growth)
  • Gross Margin: 48.3% (30 bps expansion)
  • Other Income: ₹599.8 crore
  • Total Economic Value Generated: ₹13,792.3 crore

Standalone Results (FY 2025-26):

  • Revenue: ₹9,861.02 crores (₹9,383.38 crores from operations)
  • Profit Before Tax: ₹1,900.60 crores
  • Net Profit: ₹1,491.12 crores
  • Basic EPS: ₹8.41
  • Total Assets: ₹11,772.61 crores

Dividend Declaration

The Board recommended a final dividend of ₹5.50 per equity share (550%), bringing the aggregate dividend for FY26 to ₹8.25 per share (825%), compared to ₹8.00 per share last year. The interim dividend of ₹2.75 per share was paid on November 21, 2025, with the final dividend payment scheduled on or before September 04, 2026. Record date for final dividend is July 17, 2026.

Operational Highlights

  • Market Capitalization: ₹72,801 crore
  • Return on Net Worth: 15.8%
  • Return on Invested Capital: 42.1%
  • 23 brands in billion-rupee portfolio
  • International Business contributed 27% of total revenue with 6.2% constant currency growth
  • E-commerce contribution: 9.7% of sales
  • Distribution footprint: 8.5 million retail outlets
  • Manufacturing: 21 world-class manufacturing units across 8 overseas locations
  • Capital Expenditure: ₹419.16 crore (Consolidated), ₹284.02 crore (Standalone)

ESG Achievements 2025-26

Dabur demonstrated strong sustainability performance:

  • Water Management: 107% water positivity achieved (4 years ahead of 2030 target)
  • Renewable Energy: 65% in India operations, 53% globally
  • Plastic Waste: Sustained >100% plastic waste positive status
  • Sustainable Sourcing: 98% of high deforestation risk materials
  • Coal Elimination: 100% elimination across operations
  • Water Intensity Reduction: 33% from FY 2018-19 base
  • Community Impact: 4.1 million lives positively impacted
  • EPR Performance: Recycled over 70% of post-consumer plastic waste
  • Safety Record: Zero fatalities maintained for many years

Corporate Governance & Committees

Board Composition: 12 members (6 Independent Directors, 2 Executive Directors, 4 Non-Executive Promoter Directors) with 97.6% attendance at 7 board meetings.

Stakeholders' Relationship Committee: Resolved 43 of 44 investor grievances, transferred 2.12 lakh shares to IEPF, and processed numerous share transactions including transmission, dematerialization, and name changes.

ESG Committee: Approved Public Advocacy Policy and reviewed sustainability implementation status.

Reorganisation, M&A Advisory Committee: Approved investment in Ras Beauty Private Limited and establishment of "Dabur Ventures" investment platform.

Subsidiary Operations

Dabur maintains 28 subsidiaries and 1 joint venture across multiple international jurisdictions:

  • Material Subsidiaries: Dabur International Limited (Isle of Man) and Dabur International FZE (Dubai)
  • Majority-owned: Badshah Masala Private Limited (51%) and Dabur Nepal Private Limited (97.5%)
  • Joint Venture: Forum I Aviation Private Limited (20%)
  • Special Cases: Dabur Tunisie under liquidation process extended to June 2028

Employee Benefits & Share-based Payments

  • Gratuity Obligation: ₹132.11 crores (funded) and ₹67.59 crores (unfunded for directors)
  • Provident Fund Assets: ₹506.76 crores
  • ESOPs: 32.88 lakh options outstanding with weighted average exercise price of ₹1 and remaining contractual life of 2.13 years
  • Training: 101,089 hours of HSE training delivered

Risk Management & Credit Ratings

The company maintained excellent credit ratings:

  • CRISIL: Long-term AAA (Stable), Short-term A1+
  • ICRA: Long-term AAA (Stable), Short-term A1+

Commodity Exposure: ₹2,234 crores managed through robust sourcing protocols and forward positions.

Foreign Exchange Risk: Fully hedged foreign currency borrowings and forward cover for exports/imports.

AGM Details & Corporate Calendar

  • 51st Annual General Meeting: August 6, 2026, 3:00 PM IST via video conferencing
  • Cut-off Date: July 30, 2026
  • Remote e-voting: August 2-5, 2026 via https://emeetings.kfintech.com/
  • Book Closure: July 20-24, 2026 for dividend purpose

Forward-looking Strategy

Dabur aims to:

  • Achieve Net-Zero emissions by FY 2044-45
  • Reach 21% gender diversity at managerial level by FY 2027-28
  • Sustainably transform lives of 5 million people annually by FY 2029-30
  • Achieve 100% reusable, recyclable, or compostable packaging by FY 2034-35
  • Continue digital transformation through IT Global Capability Center and Digital Marketing GCC

Compliance Status

The company confirmed full compliance with all corporate governance requirements and maintained certifications across all manufacturing units (ISO 14001, ISO 45001, ISO 9001). Zero product recalls and zero data breaches were sustained during the reporting period.