Dabur India (DABUR) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue for FY2025 was INR 12,563 crore, with PAT of INR 1,768 crore, reflecting 3.6% revenue growth in consumer currency terms, impacted by one-time inventory correction in India business in Q2.

• International business delivered strong constant currency growth of 19.3% year-over-year, contributing 26% to overall sales.

• Q4 FY2025 consolidated revenue grew 2.1% in consumer currency terms and 0.6% in INR terms, with international business up 19.3% and India business down 3.4%.

• Board approved audited financial and segment-wise results for FY2025, with an unmodified audit opinion for both consolidated and standalone statements.

• Final dividend of ₹5.25 per share (525% of face value) for FY2025, totaling ₹930.47 crores, recommended for shareholder approval.

Financial highlights

• Consolidated revenue from operations for FY2025 was ₹12,563.09 crores, up from ₹12,404.01 crores in FY2024.

• Consolidated net profit for FY2025 was ₹1,740.42 crores, compared to ₹1,811.31 crores in the previous year.

• EBITDA margin for FY2025 was 22.8%, down from 23.2% in FY2024; Q4 FY25 EBITDA margin at 20.1%.

• Standalone revenue for FY2025 decreased 0.7% year-over-year; standalone net profit down 7.0%.

• Earnings per share (consolidated, basic) for FY2025 was ₹9.97, down from ₹10.40 in FY2024.

Outlook and guidance

• Targeting sustainable double-digit CAGR in both top and bottom line by FY2028, anchored on strategic pillars including core brand investment, premiumization, and M&A.

• Guidance for FY2026 is high single-digit to near double-digit value growth, with sequential improvement expected as food inflation moderates and rural demand outpaces urban.

• Board confirmed continued focus on core business segments and international expansion, with a new UK subsidiary added post-March 2025.