Meaningful change is never built all at once.

It emerges through many layers working in harmony. At Dabur, sustainability is not viewed as a standalone commitment, but as an integral layer woven into every aspect of how we create value. From preserving natural ecosystems to empowering communities and strengthening operational resilience, every step contributes to a larger, interconnected vision for tomorrow.

Just as watercolors embody transparency and fluidity, and reveal their richness through accumulation rather than singular force, our sustainability journey evolves through multifaceted initiatives, holistic accountability and adaptive decision making. Layer by layer, Dabur continues its journey towards Net Zero, building a future shaped by conscious progress, collective effort and enduring impact.

DABUR: Rooted in Ayurveda. Evolving with Time.

Dabur’s journey began nearly one-and-a-half centuries ago with a simple yet powerful belief that nature holds the key to better health and well-being. What started as an Ayurveda-led endeavour has today grown into one of India’s most trusted consumer goods companies. Yet, at heart, Dabur remains true to its original purpose: bringing the goodness of nature to everyday lives and being dedicated to the Health and well-being of every household.

Our Vision

Dedicated to the Health & Well-Being of every Household

We are dedicated to improving the quality of life by delivering high-quality, nature-based products that are safe, effective and accessible, building trust across generations, and making care accessible to families wherever they are.

Our Mission

Ghar Ghar Ayurveda – Contemporise Ayurveda and make it relevant for the new generation

Guided by our mission of Ghar Ghar Ayurveda, we are committed to contemporising Ayurveda by reimagining and contemporising its wisdom through science, innovation and modern formats, so it remains meaningful and relevant for today’s and tomorrow’s generations.

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Dabur Brands

Built on Trust, Scaled with Purpose

At Dabur, our brands are more than names on a shelf, they are quiet companions in everyday life. Built over generations, they evoke a deep sense of trust in the minds of consumers, earned through consistency, care and an unwavering commitment to quality. Whether it is nurturing health, supporting well-being or making everyday moments better, Dabur’s brands stand for reassurance and reliability, promises that families across India and the world have come to depend on.

Rooted in nature and strengthened by science, each brand reflects Dabur’s belief that trust is not claimed, but built, one product, one experience and one household at a time.

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Chairman's Message

Mr. Mohit Burman
(Chairman)

"This past year has been a reminder of how quickly the world can change, and how resilience truly defines progress. In that context, I am pleased to present to you Dabur India Limited’s Annual Report for the FY 2025-26 and share with you how Dabur navigated the year with strength, agility and purpose.

Resilience Rooted in Trust: At Dabur, we have always believed that true resilience stems from trust – trust earned over generations and reinforced every day through our actions. In a year shaped by inflationary pressures, heightened competitive intensity, and evolving consumer expectations, this foundation of trust enabled us to navigate challenges with confidence and agility.

Adapting to a Changing Consumer: Consumer preferences are evolving rapidly. Today, they are seeking not just products, but meaningful solutions that align with their lifestyles, aspirations, and well-being. During the year, we strengthened our core categories while embracing new opportunities. From expanding into new-age formats and premium offerings to deepening our presence across digital-first and quick commerce channels, we continued to stay in step with the modern consumer.

Looking Ahead: As we look to the future, the world will likely remain uncertain. However, what gives me confidence is the strength of our fundamentals. India’s growth story remains intact. Consumer aspirations continue to rise. And Dabur – rooted in heritage, driven by innovation, and guided by purpose – is well positioned to leverage these opportunities."

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Digital Dabur

Embedding Digital Across The Enterprise

During 2025–26, Dabur continued to strengthen its digital and information technology capabilities with a clear focus on improving operational efficiency, enabling data-driven decision-making, and supporting business teams through scalable technology solutions.

A key theme during the year was the accelerated adoption of artificial intelligence (AI), alongside sustained investments in enterprise platforms, data governance, and secure digital infrastructure. The overall approach remained pragmatic - prioritizing initiatives that deliver measurable business value, are scalable across functions, and align with evolving operational requirements.

These digital and IT initiatives contributed to improved business performance, enhanced operational efficiency, and stronger engagement with consumers and trade partners, positioning the organisation for sustained growth in an increasingly digital-first environment.

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Financial Capital Highlights

Financial Overview

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Manufactured Capital Highlights

Green Operations: Powering Progress with Purpose

As a responsible corporate citizen, Dabur has consistently prioritised energy conservation in its operations, aiming to minimise reliance on non-renewable fossil fuels, enhance energy productivity, and reduce operational costs. Effective energy management is a cornerstone of Dabur’s environmental sustainability strategy. Some of the key initiatives taken this year are:

  • Adoption of biomass as a sustainable raw material for energy generation systems such as boilers, coupled with the upgradation and replacement of requisite pollution control devices.
  • Use of high-efficiency motors (IE3/IE4) across utilities and process equipment to enhance operational efficiency.
  • Integration of Variable Frequency Drives (VFDs) in continuous operation drives like pumps, chillers, etc along with installation of energy-efficient LED lights to optimize energy usage.
  • Implementation of energy conservation measures for compressed air and steam systems through optimized consumption, reduction of losses, and replacement of pumps and piping with improved designs. Infrastructure upgrades have also been undertaken to ensure reliable state power supply and minimise transmission losses.
  • Implementation of robust Condensate Recovery System and adoption of monitoring and parameters-based operations in Boilers and Substations, leverage IoT and Al technologies delivering measurable energy savings.
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Social & Relationship Capital Highlights

Real Lives; Real Impact

Ayushi Prajapat: From Responsibility to Purpose

At just 20, Ayushi Prajapat carries a world of responsibility on her shoulders. Growing up in a family of seven in Motinagar, Sagore, she stepped into the role of a caregiver far too early - supporting her siblings, managing the home, and helping her parents through their health struggles. With her father unable to work and medical expenses mounting, life was never easy. But through the hardship, Ayushi held on to one quiet, unwavering belief - that she could change her family’s story.

That belief found direction at Dabur’s Naari Shakti Kendra near Pithampur in Madhya Pradesh. What started as a step to learn tailoring soon became a turning point in her life. With every skill she picked up, her confidence grew. She began earning from home, supporting her family bit by bit... each smallincome bringing not just relief, but dignity. More importantly, she began to see a future she could shape for herself.

Recognising her warmth, confidence, and natural ability to connect, we gave Ayushi a special opportunity – to become the first volunteer teacher at Dabur’s Remedial Education Centre in her community. For her, this was not just a role; it was a purpose. Every evening, she now teaches around 30 children, guiding them with patience, care, and an understanding that comes from having walked a similar path. In her, these children don’t just see a teacher, they see hope.

Today, Ayushi balances multiple roles with quiet strength – teaching at a private school in the morning, mentoring children at the remedial centre in the evening, and continuing her stitching work at home. Earning around 12,000 a month, she now plays a key role in sustaining her family, supporting her siblings’ education, and caring for her parents. And yet, her dreams continue to grow. She aspires to pursue a B.Ed. and become a teacher, someone who can continue to shape lives, just as hers was shaped.

Ayushi's journey is more than a success story, it is a story of courage, of stepping up when life demanded the most, and of finding purpose through opportunity. From carrying the weight of her family’s struggles to becoming a guiding light for her community, she embodies the true spirit of empowerment.

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Human Capital Highlights

Diversity & Inclusion

At Dabur, we are dedicated to foster an inclusive workplace where every individual is valued, respected, and empowered. We uphold a strict non-discrimination policy, ensuring equal opportunities in recruitment, compensation, promotions, and career development, irrespective of race, colour, age, gender, caste, religion, nationality, marital status, sexual orientation, or disability. These principles are embedded in our ways of working and are governed by our Code of Ethics & Conduct and Human Rights Policy.

Dabur has been diligently working toward improving gender diversity in the workplace. In FY 2025 26, managerial gender diversity stood at 15.2%. Several functions demonstrate stronger representation, including Marketing (31%), Treasury & Secretarial (33%), Research & Development (40%), Corporate Finance (24%), Corporate Packaging (23%), Corporate Quality (21%), IT (23%) and Human Resources (41%). To further understand employee experiences and identify inclusion gaps, we conduct Diversity Surveys and Focus Group Discussions, enabling data driven interventions and targeted action plans.

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Integrated Reports

Risk Management

In an increasingly complex and dynamic business environment, effective risk management is central to Dabur’s strategy for sustainable growth and value creation. Our approach is designed to anticipate emerging risks, protect earnings resilience and enable informed strategic choices across markets, brands and operations. By integrating risk assessment into strategy formulation, capital allocation and operational execution, we seek to safeguard stakeholder value while remaining agile in responding to external shifts. This disciplined, forward-looking framework supports continuity, strengthens resilience and underpins confidence in our long-term growth agenda.

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Accountability in Action

At the heart of Dabur's governance framework is a highly experienced and diverse Board of Directors that provides strategic direction, oversight and stewardship to the Company. Guided by strong values, independence of thought and deep domain expertise, the Board plays a pivotal role in shaping longterm strategy, safeguarding stakeholder interests and upholding the highest standards of governance, ethics and transparency. Through active engagement, robust deliberation and clear accountability, the Board ensures that Dabur remains resilient, responsible and focused on sustainable value creation.

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Stakeholder Engagement

At Dabur, we regard strong stakeholder relationships as a key enabler of our inclusive growth strategy. We actively engage with both internal and external stakeholders through focused initiatives that foster trust and accountability. By utilising diverse engagement channels, we continuously gather stakeholder insights, respond to their concerns, and collaboratively develop sustainable solutions. Transparency underpins all our stakeholder communications, ensuring that engagement remains closely aligned with organisational objectives and centred on creating shared value.

The primary objective of our stakeholder engagement is to align mutual interests, support informed decision-making, and generate long-term value for all stakeholders, while proactively mitigating potential adverse impacts through timely, responsive, and strategic actions.

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Double Materiality Assessment

Dabur's double materiality approach recognises sustainability issues from two complementary perspectives: how these matters influence business performance (financial materiality) and how the Company’s operations affect the environment and society (impact materiality). This dual-lens approach ensures that our sustainability strategy not only protects and creates business value but also contributes meaningfully to broader social and environmental outcomes. Adopting a Double Materiality Assessment (DMA) is a natural step towards strengthening our sustainability strategy.

Our updated Materiality Assessment process involved a comprehensive evaluation of internal and external stakeholder inputs, industry trends, and emerging ESG risks and opportunities. By integrating both financial and impact perspectives, we prioritised issues that were critical to our long-term value creation and sustainability commitments. This enhanced understanding empowers Dabur to make more informed decisions, strengthen transparency in reporting, and drive shared value for all stakeholders.

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Value Creation Model

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Strategy for a Future Ready Dabur

Dabur made steady and meaningful progress on its Vision plan in FY 2025-26, translating intent into action. The year brought with it a complex operating landscape - marked by geopolitical uncertainties, supply chain disruptions, inflationary pressures, and rapidly evolving consumer preferences. Yet, through it all, Dabur remained focused on what it does best: delivering resilient, profitable, and sustainable growth.

The strategic priorities outlined last year continued to guide our decisions across businesses, markets, and functions, bringing greater clarity, discipline and alignment to the organisation.

As we look ahead, our strategy remains anchored around the seven pillars unveiled last year. With sharper execution and closer organisational alignment, we are now focused on unlocking the next orbit of growth for Dabur.

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Financial Capital

Financial Capital is more than just a measure of numbers on a balance sheet, it is the confidence that allows us to think long term, act decisively and invest with purpose. It fuels Dabur’s ability to nurture trusted brands, expand our manufacturing and distribution footprint, innovate for evolving consumer needs and stay resilient in a dynamic economic environment. A strong financial foundation gives us the freedom to grow responsibly today while preparing for the opportunities of tomorrow.

We manage our financial capital with a clear focus on discipline, transparency and sustainable returns. Consistent cash generation, a resilient balance sheet and prudent capital allocation enable us to invest in growth, strengthen operational capabilities and reward shareholders, while maintaining the flexibility to navigate volatility.

Every capital decision is guided by our commitment to long-term value creation – balancing growth ambitions with risk management, and ensuring that capital is deployed where it can deliver enduring outcomes for our investors, consumers and communities alike.

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Manufactured Capital

Manufactured Capital is where Dabur's purpose meets execution. It is through our manufacturing network that consumer insights, scientific innovation and nature-based ingredients are transformed into trusted products that reach millions of households, every day. Our plants are not just production facilities, they are enablers of agility, quality and closeness to the consumer. By manufacturing closer to the markets we serve, we stay deeply connected to evolving preferences, respond faster to changing demand, and ensure that our brands remain relevant in a dynamic consumer landscape.

Today, Dabur’s manufacturing ecosystem spans 21 world-class facilities, including 13 manufacturing locations across India and production units in 8 overseas markets, enabling us to serve consumers in over 120 countries with consistency and reliability. This global footprint — anchored in a culture of continuous improvement and operational excellence - gives Dabur the resilience to navigate volatility, the flexibility to innovate at speed, and the strength to deliver long-term value for consumers, partners and investors alike.

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Human Capital

At Dabur, our story has always been shaped by people. Across factories, offices, labs and markets, it is the everyday dedication of our teams that turns intent into impact. Their ideas, care and commitment keep our brands trusted, our operations resilient and our connection with consumers strong.

We believe that when people feel respected, heard and inspired, they bring their best selves to work; and that is what ultimately drives sustainable business success.

We believe our employees are fundamental to our continued success and remain at the heart of everything we do. We are committed to foster an inclusive, engaging, and high-performance work culture that values collaboration, innovation, and integrity. Through focused development initiatives, leadership building, and recognition of contributions, we empower our people to overcome challenges, seize opportunities, and drive sustainable growth for the organization.

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Natural Capital

Nature has always been central to Dabur’s story. And today, it is equally central to how we think about long-term value creation. As a company rooted in nature-based products, we recognise that protecting Natural Capital is not just an environmental responsibility, but a business imperative. Our approach focuses on using resources thoughtfully, reducing our environmental footprint, and building resilience into our operations as we grow.

Climate and energy action form a key pillar of this journey. Guided by our long-term ambition to achieve Net Zero Emissions by 2045, we are steadily improving energy efficiency and increasing the use of renewable energy across our manufacturing sites and offices. These initiatives help lower operational risk, improve cost efficiency over time, and strengthen the sustainability of our supply chain, supporting both environmental outcomes and long-term shareholder value.

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Social & Relationship Capital

At Dabur, relationships are not built through transactions alone... they are built through trust, consistency and care. For nearly one-and-a-half centuries, our brands have earned a place in millions of households by staying close to consumers – listening to their needs, evolving with their expectations, and delivering products they trust. This deep, everyday connection with consumers is a key source of our Social & Relationship Capital, shaping brand loyalty, market relevance and long-term value creation.

Our engagement goes well beyond products. We focus on building meaningful, two-way relationships through responsible communication, consumer education, and purpose-led brand actions that reinforce trust. In parallel, our work with communities reflects a simple belief: businesses thrive when the communities around them prosper. Our community initiatives are designed to be locally relevant, inclusive and sustainable, addressing real needs while strengthening our social licence to operate.

For investors, these relationships translate into tangible advantages – resilient brands, loyal consumers, stronger stakeholder confidence and reduced social risk across operations. By nurturing trust with consumers and communities alike, Dabur continues to build a robust ecosystem that supports sustainable growth, protects long-term brand equity and reinforces our ability to create shared value over time.

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Intellectual Capital

At Dabur, ideas are not abstract concepts, they are living assets that power growth, strengthen brands and create lasting value. Our intellectual capital represents the collective wisdom we have built over generations, and the way we continuously renew it to stay relevant in a fast-changing world.

Rooted in over a century of Ayurvedic knowledge and strengthened by modern science, our Intellectual Capital brings together deep domain expertise, trusted brands, consumer insights and robust research capabilities. This combination allows us to translate tradition into innovation, developing solutions that meet contemporary needs while staying true to Dabur’s vision of being dedicated to the health and well-being of every household.

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download-pdfAnnual Report 2025-26