{"id":334655,"date":"2026-11-02T11:14:47","date_gmt":"2026-11-02T05:44:47","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=334655"},"modified":"2026-11-02T11:14:47","modified_gmt":"2026-11-02T05:44:47","slug":"emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/","title":{"rendered":"Emami vs Dabur Q2 FY27 Results Preview: HDFC Securities Sees Emami Revenue Up 20% and Dabur Up 11%, With Margin Pressure and Interim Dividends in Focus"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Emami vs Dabur Q2 FY27: HDFC Securities sees revenue up 20% (Emami) and 11% (Dabur), adjusted PAT up 4% and 9%. Dabur reports 4 Nov, Emami 5 Nov. Interim dividends on agenda.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Emami vs Dabur: HDFC Securities expects Emami&#8217;s Q2 FY27 revenue to rise 20% with adjusted profit up 4%, and Dabur&#8217;s revenue to rise 11% with adjusted profit up 9%. Dabur reports on 4 November and Emami on 5 November, and both boards will consider interim dividends. Margins are expected to contract for both. Emami was at Rs 365.40 and Dabur at Rs 371.30 at 11:08 AM IST.<\/p>\n<\/p><\/div>\n<p><strong>Emami vs Dabur<\/strong> is the FMCG comparison to watch this week, because both report September-quarter results within a day of each other and both boards will consider an interim dividend. This <strong>Emami vs Dabur<\/strong> preview compares the estimates, the business update Dabur has already issued, valuation and what could surprise.<\/p>\n<p>Prices are as of 11:08 AM IST on 2 November 2026. Estimates come from one brokerage, HDFC Securities, and are not a market consensus.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Emami_vs_Dabur_Q2_FY27_Estimates_Compared\" title=\"Emami vs Dabur: Q2 FY27 Estimates Compared\">Emami vs Dabur: Q2 FY27 Estimates Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Dabur_Q2_Results_What_the_Company_Has_Already_Said\" title=\"Dabur Q2 Results: What the Company Has Already Said\">Dabur Q2 Results: What the Company Has Already Said<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Emami_Q2_Results_Why_Revenue_Could_Jump_20\" title=\"Emami Q2 Results: Why Revenue Could Jump 20%\">Emami Q2 Results: Why Revenue Could Jump 20%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Valuation_Emami_vs_Dabur_Before_Results\" title=\"Valuation: Emami vs Dabur Before Results\">Valuation: Emami vs Dabur Before Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Which_One_Has_More_to_Prove_in_Q2\" title=\"Which One Has More to Prove in Q2?\">Which One Has More to Prove in Q2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Frequently_Asked_Questions_on_Emami_vs_Dabur\" title=\"Frequently Asked Questions on Emami vs Dabur\">Frequently Asked Questions on Emami vs Dabur<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#When_will_Dabur_and_Emami_announce_Q2_results\" title=\"When will Dabur and Emami announce Q2 results?\">When will Dabur and Emami announce Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#What_does_HDFC_Securities_expect_from_Emami_in_Q2\" title=\"What does HDFC Securities expect from Emami in Q2?\">What does HDFC Securities expect from Emami in Q2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#What_does_HDFC_Securities_expect_from_Dabur_in_Q2\" title=\"What does HDFC Securities expect from Dabur in Q2?\">What does HDFC Securities expect from Dabur in Q2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Why_could_Emamis_revenue_growth_be_higher_than_Daburs\" title=\"Why could Emami&#x27;s revenue growth be higher than Dabur&#x27;s?\">Why could Emami&#x27;s revenue growth be higher than Dabur&#x27;s?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Which_is_cheaper_on_valuation_Emami_or_Dabur\" title=\"Which is cheaper on valuation, Emami or Dabur?\">Which is cheaper on valuation, Emami or Dabur?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Will_Emami_and_Dabur_pay_dividends\" title=\"Will Emami and Dabur pay dividends?\">Will Emami and Dabur pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#What_are_the_main_risks_for_FMCG_results_this_quarter\" title=\"What are the main risks for FMCG results this quarter?\">What are the main risks for FMCG results this quarter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/emami-vs-dabur-q2-fy27-results-preview-revenue-profit-estimates-valuation\/#Should_I_buy_Emami_or_Dabur_before_results\" title=\"Should I buy Emami or Dabur before results?\">Should I buy Emami or Dabur before results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Emami_vs_Dabur_Q2_FY27_Estimates_Compared\"><\/span><strong>Emami vs Dabur: Q2 FY27 Estimates Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Estimate (HDFC Securities)<\/th>\n<th>Emami<\/th>\n<th>Dabur<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Result date<\/td>\n<td>Thursday, 5 November 2026<\/td>\n<td>Wednesday, 4 November 2026<\/td>\n<\/tr>\n<tr>\n<td>Revenue growth, year-on-year<\/td>\n<td>About 20%<\/td>\n<td>About 11%<\/td>\n<\/tr>\n<tr>\n<td>Adjusted profit growth<\/td>\n<td>About 4%<\/td>\n<td>About 9%<\/td>\n<\/tr>\n<tr>\n<td>Gross margin<\/td>\n<td>67.3%, down 380 bps<\/td>\n<td>About 48%, down 140 bps<\/td>\n<\/tr>\n<tr>\n<td>EBITDA margin<\/td>\n<td>20%, down 240 bps<\/td>\n<td>About 18%, down 50 bps<\/td>\n<\/tr>\n<tr>\n<td>EBITDA growth<\/td>\n<td>About 7%<\/td>\n<td>Not stated<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: HDFC Securities estimates as reported by Mint and EconoTimes on 1 November 2026, and company filings. The two boards will also consider an interim dividend for FY27, but neither filing confirms an amount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dabur_Q2_Results_What_the_Company_Has_Already_Said\"><\/span><strong>Dabur Q2 Results: What the Company Has Already Said<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For <strong>Dabur Q2 results<\/strong>, the company issued a business update before results: it expects double-digit consolidated revenue growth and double-digit growth in profit after tax. In Q2 FY26 revenue was Rs 3,191.32 crore and profit was Rs 452 crore. Within the business, hair oils and shampoos are expected to grow in the high teens, skin care at double digits, home care at high single digits and oral care at mid single digits on a high base, while foods and beverages are expected to grow in the mid-teens and healthcare at mid single digits. International markets such as Egypt, Turkey, the USA, Bangladesh and the UK are growing at double digits, offsetting Middle East weakness. Dabur&#8217;s trading window stays closed until 6 November.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Emami_Q2_Results_Why_Revenue_Could_Jump_20\"><\/span><strong>Emami Q2 Results: Why Revenue Could Jump 20%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Emami Q2 results<\/strong> are expected to show a strong revenue gain because of a low base: a year ago, profit fell 30.2% to Rs 148.35 crore as GST changes and heavy rain disrupted trade. HDFC Securities expects gross margin to fall 380 basis points to 67.3% and EBITDA margin 240 basis points to 20%, so profit growth should lag revenue at about 4%.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare Emami and Dabur on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Emami_vs_Dabur_Before_Results\"><\/span><strong>Valuation: Emami vs Dabur Before Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Emami<\/th>\n<th>Dabur<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Price (NSE)<\/td>\n<td>Rs 365.40 (+1.57%)<\/td>\n<td>Rs 371.30 (+1.56%)<\/td>\n<\/tr>\n<tr>\n<td>Market cap<\/td>\n<td>About Rs 15,707 crore<\/td>\n<td>About Rs 64,927 crore<\/td>\n<\/tr>\n<tr>\n<td>P\/E ratio<\/td>\n<td>20.95<\/td>\n<td>33.36<\/td>\n<\/tr>\n<tr>\n<td>P\/B ratio<\/td>\n<td>5.37<\/td>\n<td>5.69<\/td>\n<\/tr>\n<tr>\n<td>Return on equity<\/td>\n<td>26.51%<\/td>\n<td>16.59%<\/td>\n<\/tr>\n<tr>\n<td>Dividend yield<\/td>\n<td>2.78%<\/td>\n<td>2.25%<\/td>\n<\/tr>\n<tr>\n<td>Debt to equity<\/td>\n<td>0.06<\/td>\n<td>0.11<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: exchange data. The industry P\/E for the FMCG group is about 33. Emami trades at a lower P\/E and has a higher return on equity, while Dabur has a larger market cap and has fallen about a quarter over the past year, per a Business Standard note citing Nuvama.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Which_One_Has_More_to_Prove_in_Q2\"><\/span><strong>Which One Has More to Prove in Q2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In <strong>Emami vs Dabur<\/strong>, Dabur is trying to show that its India business is recovering, with Nuvama expecting double-digit revenue growth after 19 quarters, and margins are the debate. Emami has to show that its strong revenue holds up against input costs. Among <strong>FMCG stocks<\/strong>, the brokerage preference for Emami in its FMCG coverage, alongside Godrej Consumer, Britannia and Honasa, is one view, not a consensus.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to set result-day alerts for Emami and Dabur.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Emami vs Dabur<\/strong> is a close contest on estimates: Emami offers faster revenue growth and a lower P\/E, while Dabur offers a steadier profit rise and a recovering India business. Both face margin pressure, so watch gross margins, volume growth and the interim dividend announcements.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Emami_vs_Dabur\"><\/span><strong>Frequently Asked Questions on Emami vs Dabur<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_will_Dabur_and_Emami_announce_Q2_results\"><\/span><strong>When will Dabur and Emami announce Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dabur&#x27;s board meets on Wednesday, 4 November 2026 and Emami&#x27;s on Thursday, 5 November 2026 to consider unaudited results for the quarter and half year ended 30 September. Both agendas also include an interim dividend for FY27, but neither filing confirms a payout or an amount.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_HDFC_Securities_expect_from_Emami_in_Q2\"><\/span><strong>What does HDFC Securities expect from Emami in Q2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HDFC Securities expects Emami&#x27;s revenue to rise about 20% and adjusted profit after tax about 4%, with EBITDA up about 7%. It expects gross margin to fall 380 basis points to 67.3% and EBITDA margin to fall 240 basis points to 20%. This is a single brokerage estimate, not a consensus.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_HDFC_Securities_expect_from_Dabur_in_Q2\"><\/span><strong>What does HDFC Securities expect from Dabur in Q2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HDFC Securities expects Dabur&#x27;s revenue to rise about 11% and adjusted profit after tax about 9%. It expects gross margin of about 48%, down 140 basis points, and EBITDA margin of about 18%, down 50 basis points. Dabur&#x27;s own business update points to double-digit revenue and profit growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_could_Emamis_revenue_growth_be_higher_than_Daburs\"><\/span><strong>Why could Emami&#x27;s revenue growth be higher than Dabur&#x27;s?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A year ago Emami&#x27;s profit fell 30.2% to Rs 148.35 crore because GST changes and heavy rain disrupted trade, which creates a low base for comparison. This helps year-on-year revenue growth, but input costs and gross margin pressure are expected to hold profit growth to about 4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_is_cheaper_on_valuation_Emami_or_Dabur\"><\/span><strong>Which is cheaper on valuation, Emami or Dabur?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Emami trades at a P\/E of about 20.95 against Dabur&#x27;s 33.36, with a higher return on equity of 26.51% against 16.59%. Emami&#x27;s market cap is much smaller, at about Rs 15,707 crore against about Rs 64,927 crore. Lower valuation alone does not make a stock better, as growth and risk differ.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_Emami_and_Dabur_pay_dividends\"><\/span><strong>Will Emami and Dabur pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Both boards will consider an interim dividend for FY27, but no amount has been confirmed. Current dividend yields are about 2.78% for Emami and 2.25% for Dabur. Wait for the board&#x27;s announcement and check the record date on the exchange website before acting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_for_FMCG_results_this_quarter\"><\/span><strong>What are the main risks for FMCG results this quarter?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Raw material inflation, gross margin pressure, uneven rural demand, rainfall deficits and geopolitical tension in the Middle East. HDFC Securities expects strong topline growth across FMCG but muted margins, and expects ITC, Bikaji and Gopal Snacks to report profit declines while HUL, Dabur and Emami deliver single-digit growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_Emami_or_Dabur_before_results\"><\/span><strong>Should I buy Emami or Dabur before results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Buying before results is a bet on the outcome, so be aware of volatility on the day. Compare the actual numbers with estimates, management commentary on margins and volumes, and your own horizon. This is not investment advice, so consult a SEBI-registered advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When will Dabur and Emami announce Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dabur's board meets on Wednesday, 4 November 2026 and Emami's on Thursday, 5 November 2026 to consider unaudited results for the quarter and half year ended 30 September. Both agendas also include an interim dividend for FY27, but neither filing confirms a payout or an amount.\"}},{\"@type\":\"Question\",\"name\":\"What does HDFC Securities expect from Emami in Q2?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HDFC Securities expects Emami's revenue to rise about 20% and adjusted profit after tax about 4%, with EBITDA up about 7%. It expects gross margin to fall 380 basis points to 67.3% and EBITDA margin to fall 240 basis points to 20%. This is a single brokerage estimate, not a consensus.\"}},{\"@type\":\"Question\",\"name\":\"What does HDFC Securities expect from Dabur in Q2?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HDFC Securities expects Dabur's revenue to rise about 11% and adjusted profit after tax about 9%. It expects gross margin of about 48%, down 140 basis points, and EBITDA margin of about 18%, down 50 basis points. Dabur's own business update points to double-digit revenue and profit growth.\"}},{\"@type\":\"Question\",\"name\":\"Why could Emami's revenue growth be higher than Dabur's?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A year ago Emami's profit fell 30.2% to Rs 148.35 crore because GST changes and heavy rain disrupted trade, which creates a low base for comparison. This helps year-on-year revenue growth, but input costs and gross margin pressure are expected to hold profit growth to about 4%.\"}},{\"@type\":\"Question\",\"name\":\"Which is cheaper on valuation, Emami or Dabur?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Emami trades at a P\/E of about 20.95 against Dabur's 33.36, with a higher return on equity of 26.51% against 16.59%. Emami's market cap is much smaller, at about Rs 15,707 crore against about Rs 64,927 crore. Lower valuation alone does not make a stock better, as growth and risk differ.\"}},{\"@type\":\"Question\",\"name\":\"Will Emami and Dabur pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Both boards will consider an interim dividend for FY27, but no amount has been confirmed. Current dividend yields are about 2.78% for Emami and 2.25% for Dabur. Wait for the board's announcement and check the record date on the exchange website before acting.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks for FMCG results this quarter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Raw material inflation, gross margin pressure, uneven rural demand, rainfall deficits and geopolitical tension in the Middle East. HDFC Securities expects strong topline growth across FMCG but muted margins, and expects ITC, Bikaji and Gopal Snacks to report profit declines while HUL, Dabur and Emami deliver single-digit growth.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy Emami or Dabur before results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Buying before results is a bet on the outcome, so be aware of volatility on the day. Compare the actual numbers with estimates, management commentary on margins and volumes, and your own horizon. This is not investment advice, so consult a SEBI-registered advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Emami vs Dabur Q2 FY27 preview: revenue and profit estimates, margin pressure, valuation, result dates of 4 and 5 November and interim dividends in focus.<\/p>\n","protected":false},"author":38,"featured_media":334652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5331],"tags":[18952,18953,18951,485,11348,11052,7038],"class_list":["post-334655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-https-univest-in-blogs-category-results","tag-dabur-q2-results","tag-emami-q2-results","tag-emami-vs-dabur","tag-fmcg-stocks","tag-hdfc-securities","tag-interim-dividend","tag-q2-fy27-results"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["334652"],"rank_math_title":["Emami vs Dabur Q2 Preview: Revenue, Profit Estimates, Dates"],"rank_math_description":["Emami vs Dabur Q2 FY27 preview: HDFC Securities sees Emami revenue up 20% and Dabur up 11%. 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