DABUR INDIA LTD

Sells branded fast-moving consumer goods in two main lines: a consumer care business covering hair oils, shampoos, oral care, and home care products (Odonil air fresheners, Sanifresh cleaners, honey), and a food business spanning Badshah masala, Real Activ juices, coconut water and other packaged foods. Consumer care is the dominant earner, contributing 82.3% of FY26 segment revenue at a 22.8% EBIT margin, while food contributes 15.3% at an 11.9% EBIT margin; a small retail segment (0.8% of revenue) is currently loss-making. The company earns across India and an international footprint spanning Bangladesh, the Middle East, Egypt, Turkey, Sub-Saharan Africa, the UK and the EU, with the international business growing 15.5% in INR in Q1 FY27 led by Bangladesh (+34.3%) and Egypt (+28.4%). Distribution runs through 8.5 million retail stores in India, with quick commerce now accounting for 75% of its e-commerce channel. Revenue is grown through roughly equal parts volume and pricing — Q1 FY27 India FMCG grew 9.5% on 5% volume, and HPC delivered 12.3% growth driven by hair oils, which gained 102 basis points of market share. The largest cost is raw materials at 42.5% of revenue, with crude-linked inputs flagged as the most exposed during inflationary periods.