Dabur India Ltd.
NSE: DABURDabur India Ltd.: A 30-second snapshot
DABUR India trades at ₹463.10, 6.8% below its 200-DMA of ₹496.76 and up only 1.61% over the past 12 months. Trailing PE of 43.64 and forward PE of 35.17 sit in the middle of the FMCG peer range (ITC at 18.9, HINDUNILVR at 49.6, NESTLEIND at 80.2), while ROE of 16.24% ranks 4th of 6 peers and D/E of 10.91 is notably higher than the asset-light structures typical of large-cap FMCG. Five-year earnings CAGR of 15.2% outpaces revenue CAGR of 7.3%, indicating margin expansion has been a key driver of earnings growth in recent years.
P/E
43.6
Forward P/E
35.2
ROE
+16.2%
Debt / Equity
10.91
Profit Margin
+14.4%
Div. Yield
+1.8%
5Y ROE > 15%
4/5
5Y FCF > 0
4/5
Quality
56/100
News
8 headlines · 1 positive · 1 negative
Dabur India Publishes Hindi Notice for Sesa Care Merger Meetings on May 2, 2026 - scanx.trade
scanx.trade
Dabur Shares Rise As UBS Upgrades To 'Neutral', Eyes 13% Upside — Check New Target Price - NDTV Profit
NDTV Profit
Dabur faces growth headwinds as rural demand, costs cloud outlook - Business Standard
Business Standard
Earnings Update: Dabur India Limited (NSE:DABUR) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts - simplywall.st
simplywall.st
Dabur names Rahul Sarawagi as head of investor relations, M&A after Isha Lamba exit - Storyboard18
Storyboard18
Recent context
- ·UBS upgraded DABUR to a named rating in April 2026 with a noted price target implying upside, per NDTV Profit (Apr 16, 2026); the upgrade followed a period of sustained underperformance relative to the broader FMCG sector.
- ·A leadership change in investor relations was reported by Storyboard18 (Apr 28, 2026): Rahul Sarawagi named as head of IR and M&A following Isha Lamba's exit — a structural change in how the company interfaces with capital markets.
- ·The Sesa Care merger process is ongoing, with NCLT meeting notices filed in May 2026; the outcome of this merger and its impact on consolidated financials is not yet reflected in trailing metrics.
Strengths
- +Five-year earnings CAGR of 15.2% versus revenue CAGR of 7.3% indicates DABUR has expanded margins or improved capital efficiency over the period, with positive FCF in 4 of available years and ROE above 15% in 4 of available years.
- +Trailing PE of 43.64 is the second-lowest among the 6-member FMCG peer set (ranked 2nd of 6), below HINDUNILVR (49.6), BRITANNIA (51.1), TATACONSUM (78.9), and NESTLEIND (80.2), placing it at a relative valuation discount to most peers.
- +Dividend yield of 1.78% is present and maintained, and the Sesa Care merger (Hindi notice filed May 2, 2026) indicates active portfolio restructuring activity within the broader Dabur group.
- +RSI at 53.58 (neutral) and price above the 50-DMA of ₹451.75 reflect near-term stabilisation after a 10% three-month decline; nearest support levels are at ₹440.35 and ₹403.35.
Weaknesses
- −Rural demand softness and elevated input costs cited by Business Standard (Apr 15, 2026) are near-term earnings headwinds for a company with 7.3% five-year revenue CAGR — top-line momentum is already modest.
- −D/E of 10.907 is significantly higher than FMCG sector norms; HINDUNILVR, NESTLEIND, and BRITANNIA operate with markedly lower leverage, exposing DABUR to greater financial cost sensitivity in a rising-rate environment.
- −Price is 6.8% below the 200-DMA of ₹496.76, the stock has delivered only 1.61% price return over 12 months, and drawdown from the 52-week high stands at 19.32% — medium-term price momentum remains negative.
- −Quality score of 47 and ROE of 16.24% both rank 4th of 6 in the FMCG peer group, below HINDUNILVR, NESTLEIND, and BRITANNIA on quality, and below HINDUNILVR, NESTLEIND, and BRITANNIA on return on equity as well.
Open questions
- ?Does the D/E of 10.907 reflect a structural feature of DABUR's business model or a transient acquisition/investment phase, and how has the debt trajectory evolved over the past three years?
- ?The 15.2% five-year earnings CAGR outpacing 7.3% revenue CAGR — is this margin expansion sustainable given the rural demand and input cost headwinds flagged in April 2026?
- ?How significant is the Middle East and international segment as a proportion of consolidated revenues and profits, and what is the sensitivity of overall earnings to further geographic concentration risk?
- ?Does the forward PE compression from 43.64 trailing to 35.17 forward reflect consensus confidence in near-term earnings recovery, and how have analyst estimate revisions trended following the Q4 FY26 results?
Peer comparison: FMCG
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| DABUR | Dabur India Ltd.You're viewing | 43.6 | +16.2% | 47 |
| Industry avg | across 5 peers | 55.7 | +39.5% | 52 |
| NESTLEIND | Nestle India Ltd. | 80.2 | +76.3% | 61 |
| HINDUNILVR | Hindustan Unilever Ltd. | 49.6 | +21.6% | 58 |
| BRITANNIA | Britannia Industries Ltd. | 51.1 | +53.3% | 50 |
| TATACONSUM | Tata Consumer Products Ltd. | 78.9 | +6.9% | 45 |
| ITC | ITC Ltd. | 18.9 | — | 44 |
Technical state
Current price
₹463.10
SMA 50
₹451.75
SMA 200
₹496.76
RSI (14)
53.6 (neutral)
From 52w high
-19.3%
1Y return
+1.6%
3M return
-10.0%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highBusiness Standard (Apr 15) cited rural demand softness and elevated input costs as structural headwinds; Q4 FY26 earnings season updates reflect ongoing pressure on domestic FMCG volumes, adding to geographic concentration risk from the Middle East segment.
- mediumD/E of 10.907 is materially elevated versus the FMCG sector; HINDUNILVR, NESTLEIND, and BRITANNIA operate with asset-light balance sheets well below this level. Five-year revenue CAGR of 7.3% is modest, and ROE of 16.24% ranks 4th of 6 in the peer set.
- mediumPrice of ₹463.10 is 6.8% below the 200-DMA (₹496.76) and down 9.97% over the past three months. Drawdown from 52-week high is 19.32%; price has risen only 1.61% over 12 months.
- lowQuality score of 47 ranks 4th of 6 in the FMCG peer set, below HINDUNILVR (58), NESTLEIND (61), and BRITANNIA (50). Consistency score of 53 reflects ROE above 15% in 4 of available years and positive FCF in 4 of available years — adequate but not top-tier persistence.
- lowPeer priceChange1Y is null for all 5 comparators, making 1-year relative price performance ranking unavailable. News sample totals 8 items, which is sparse for a large-cap FMCG name.
Cross-section contradictions
- UBS upgraded DABUR to a named rating in April 2026 (NDTV Profit, Apr 16), yet Business Standard (Apr 15) flagged rural demand softness and cost headwinds — analyst action and near-term earnings visibility are pointing in opposite directions.
- RSI of 53.58 is neutral and price is above the 50-DMA (₹451.75), suggesting near-term stability, while the stock remains 6.8% below the 200-DMA and has delivered only 1.61% price return over 12 months — short-term and medium-term price signals diverge.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days