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Dabur IndiaDABUR.NSCompetitor analysis, valuation and peers

India · INR·FMCG›Household/Personal Care

Indian consumer goods company selling Ayurvedic/natural health, personal-care and food products (Chyawanprash, Real juices).

≈ India's smaller Nature's Bounty/Church & Dwight hybridMomentum weak 35
Mkt cap
$7.13B
US dollars, full cap
Free float
32%
of shares outstanding
$/day
$6.50M
20-day average traded
Fwd P/E
32.1×
forward earnings
ROIC−WACC
+4.8 pp
WACC 13.1%
Hurdle
+21 pp
Req g minus delivered
Next earnings
90 days
4 Feb 2027
Close · INR₹380.35
1D-1.2%
1W+4.0%
1M-0.8%
3M-7.5%
6M-19.1%
YTD-24.5%
1Y-24.2%
ATR %2.6%
Beta0.84
52w lowhigh28.8% off high

What Dabur India does

Indian consumer goods company selling Ayurvedic/natural health, personal-care and food products (Chyawanprash, Real juices).

Sells through a network of distributors who stock small neighbourhood shops across India, giving reach into villages that large multinationals find costly. Health supplements sit alongside a broad personal-care range. The Burman family, which founded the company in 1884, remains the controlling shareholder.

In one line: India's smaller Nature's Bounty/Church & Dwight hybrid.

Products and services

  • Ayurvedic health supplements (Chyawanprash)
  • Personal care (hair oil, oral care)
  • Juices/foods (Real)

Customers

  • Retail consumers across India and select internati

Where it sits in the supply chain

  • Consumer staples
  • Personal care & health foods
  • FMCG - India

What could go right

  • Rural consumption recovery
  • Health/wellness/Ayurveda trend

What could go wrong

  • Input commodity cost volatility
  • Intense FMCG competition

Moat: narrow (brand, distribution). A trusted heritage Ayurvedic brand with deep rural distribution built over more than a century.

Headquarters: Ghaziabad, India · Founded: 1884 · Employees: 14,675

Named competitors

Dabur India at a glance

Size Dabur India (DABUR.NS) is an India Consumer Staples company (Household/Personal Care) with a market value of $7.13B, the 161st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹380.35 on 6 Nov 2026.

Performance Over six months the shares fell 19.1%, against +12.5% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue grew 8.9% over the last twelve months (peer median +6.2%); the operating margin is 15.0% (peer median 13.2%).

Valuation It trades at 32.1× forward earnings against a peer median of 19.9× (7th most expensive of 20).

Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +21 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.8 points above its cost of capital (13.1% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 113DABUR.NS 78
Six months, rebased to 100: Dabur India against the median of its 20 peers (local-currency closes).

Dabur India financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹139B₹131B₹124B₹123B₹115B
Revenue growth—+5%+1%+7%—
Gross profit₹48.0B₹39.8B₹37.7B₹38.3B₹33.8B
EBITDA₹25.7B₹24.1B₹22.6B₹23.6B₹21.6B
Net income₹20.2B₹19.0B₹17.7B₹18.4B₹17.1B
Free cash flown/a₹23.2B₹16.5B₹17.3B₹13.0B
Capital expendituren/a₹4.20B₹5.70B₹5.64B₹5.09B
Total debt₹14.4B₹12.9B₹9.50B₹13.7B₹11.7B

Quarterly statements and history in the cockpit →

Dabur India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%+100%-10%0%+10%+20%278470ELF090430GODREJCP4911REYN1318CUPIDCOLPALIPARCLX8113MARICOPUIG4527COTY496710444912603605DABUR.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Dabur India is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×278470ELF090430GODREJCP4911REYN1318COLPALCLX8113MARICOCOTY49671044603605DABUR.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Dabur India is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%278470ELF090430GODREJCP4911REYN1318COLPALIPAR8113MARICOPUIG4527COTY1044603605DABUR.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Dabur India is the large dot.

Dabur India competitors and peer comparison

Head to head with its named competitors (DABUR.NS vs MARICO.NS vs GODREJCP.NS vs HINDUNILVR.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Dabur India DABUR.NS$7.13B-19%+9%15%32.1×27.3%
Marico MARICO.NS$12.3B+8%+20%16%51.8×28.0%
Godrej Consumer Products GODREJCP.NS$9.19B-18%+12%18%37.0×31.7%
Hindustan Unilever HINDUNILVR.NS$49.6B-12%+6%21%41.5×27.2%
Emami EMAMILTD.NS$1.80B-15%+3%20%21.4×21.7%
Colgate-Palmolive (India) COLPAL.NS$4.83B-23%+9%28%32.2×30.8%
Patanjali Foods PATANJALI.NS$4.75B-11%+19%4%27.1×n/a
Bajaj Consumer Care BAJAJCON.NS$551M-24%+29%22%19.6×14.6%

How Dabur India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Dabur India against its 20 peers (data as of 6 Nov 2026)
MeasureDABUR.NSPeer medianRank in peer set
1-month return-0.8%+9.6%7th lowest of 21
6-month return-19.1%+12.5%5th lowest of 21
Distance from 52-week high-28.8%-10.2%5th lowest of 21
Revenue growth (TTM)+8.9%+6.2%9th highest of 21
Operating margin15.0%13.2%9th highest of 21
Forward P/E32.1×19.9×7th most expensive of 20
Growth the price implies (Req g, 7 yrs)27.3%4.0%5th most demanding of 20
Growth delivered (Del g)+6.6%+5.4%10th highest of 20
Hurdle (Req g minus delivered)+20.7 pp-5.9 pp3rd most demanding of 20
ROIC minus cost of capital+4.8 pp+4.2 pp10th highest of 20
EV / EBITDA25.0×14.8×3rd most expensive of 17
Net debt / EBITDA-1.4×-0.2×4th least indebted of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Dabur India DABUR.NSIndia$7.13B-19%+9%15%32.1×27.3%+6.6%
APR 278470.KSSouth Korea$7.04B-40%+119%23%17.4×-1.4%+47.3%
e.l.f. Beauty ELFUnited States$6.85B+91%+31%12%35.4×27.9%+38.8%
Amorepacific 090430.KSSouth Korea$6.03B-1%+10%9%23.8×4.0%-0.8%
Godrej Consumer Products GODREJCP.NSIndia$9.19B-18%+12%18%37.0×31.7%+6.6%
Shiseido 4911.TJapan$9.52B+20%+5%4%32.8×17.5%+1.0%
Reynolds Consumer Products REYNUnited States$5.08B+10%+2%14%14.6×-0.2%+2.7%
Mao Geping Cosmetics 1318.HKHong Kong$4.92B-28%+32%31%15.0×4.7%+41.1%
Cupid CUPID.NSIndia$4.83B+158%+122%34%n/an/an/a
Colgate-Palmolive (India) COLPAL.NSIndia$4.83B-23%+9%28%32.2×30.8%+4.5%
Interparfums IPARUnited States$4.34B+43%+3%17%29.0×10.9%+22.5%
Clorox CLXUnited States$12.1B+8%+6%14%17.4×2.7%-1.8%
Unicharm 8113.TJapan$12.1B+15%0%12%24.5×-2.0%+5.4%
Marico MARICO.NSIndia$12.3B+8%+20%16%51.8×28.0%+11.1%
Puig Brands PUIG.MCSpain$12.5B+16%+4%16%17.9×-3.0%+11.7%
Rohto Pharmaceutical 4527.TJapan$3.97B+17%+10%12%16.7×-2.1%+13.7%
Coty COTYUnited States$3.57B+64%-1%5%13.3×11.3%+4.6%
Kobayashi Pharmaceutical 4967.TJapan$3.29B+20%+4%6%50.2×17.6%+1.9%
Hengan Int'l 1044.HKHong Kong$3.28B-16%+2%11%9.1×-8.8%-0.1%
Lion 4912.TJapan$3.19B+21%+6%8%19.9×-2.4%+3.5%
Proya Cosmetics 603605.SSChina$2.97B-19%+2%13%11.1×-4.8%+23.1%

Questions

Who are Dabur India's main competitors?
Named competitors: Marico (MARICO.NS), Godrej Consumer Products (GODREJCP.NS), Hindustan Unilever (HINDUNILVR.NS), Emami (EMAMILTD.NS), Colgate-Palmolive (India) (COLPAL.NS), Patanjali Foods (PATANJALI.NS). The cockpit's measured peer set (industry) also includes APR (278470.KS), e.l.f. Beauty (ELF), Amorepacific (090430.KS), Godrej Consumer Products (GODREJCP.NS), Shiseido (4911.T), Reynolds Consumer Products (REYN).
Is Dabur India expensive compared with its peers?
On forward p/e it trades at 32.1× against a peer median of 19.9×, 7th most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +21 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Dabur India stock performed?
Over six months to 6 Nov 2026 the shares returned -19.1% against +12.5% for the median peer; over one year -24.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.