Dabur India Ltd: Q2 FY26 Performance Boosted by GST Rate Cuts, Despite Temporary Disruptions

Dabur India Ltd, one of India's leading FMCG Companies, reported an update on the performance and demand trends for the quarter ended September 30, 2025 (Q2 FY26). Despite temporary disruptions due to the recent GST reform and higher-than-expected rainfall, the company managed to sustain market share gains in 90%+ of its portfolio. The GST rate cuts are expected to benefit approximately 60% of Dabur's India business, with 85% of the portfolio now at a 5% GST rate. The company is committed to passing on the benefit of reduced GST rates to consumers. Revenue is expected to grow in the mid-single digits and operating profit to grow almost in line with revenue.