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Today's prices ask more of Godrej Consumer than of Dabur.
At current prices, buyers of Dabur are assuming about 5% growth against 5% in its own record; for Godrej Consumer it is 8% against 6%. That shows which share needs more to go right — not which is cheaper. How far each trades from its estimated fair value is in the full valuations.
- Valuation method: both on discounted cash flow.
- Size: Godrej Consumer is worth about 1.3 times Dabur on the stock market.
- Record: On revenue the two have grown at much the same pace: Dabur compounded at about 7% a year (FY2018–FY2026) and Godrej Consumer at about 5% (FY2018–FY2026).
- What to watch: rural demand at Dabur; india volumes at Godrej Consumer.
| Dabur | Godrej Consumer | |
|---|---|---|
| Price | ₹380 | ₹871 |
| Market cap | ₹0.68L Cr | ₹0.89L Cr |
| P/E | 33.4 | 42.1 |
| P/B | 5.91 | 7.04 |
| Fair value 🔒 sign in | ₹0,000 | ₹0,000 |
| Upside 🔒 sign in | +00% | +00% |
| Valued on | Discounted cash flow | Discounted cash flow |
01Two businesses
A 140-year-old Ayurveda company
Dabur was founded in Kolkata in 1884 by Dr S. K. Burman and is still controlled by the Burman family. It is one of India's largest consumer-goods companies, best known for Ayurvedic and natural products: Dabur Chyawanprash, Honey, Hajmola, Dabur Red toothpaste and Vatika hair oil.
Household and personal care across three continents
Godrej Consumer Products, part of the Godrej group, sells household insecticides (Good Knight, HIT), soaps (Cinthol, Godrej No.1) and hair colour (Godrej Expert) in India. In 2023 it bought Raymond's consumer brands, including Park Avenue and KamaSutra.
02The records side by side
On revenue the two have grown at much the same pace: Dabur compounded at about 7% a year (FY2018–FY2026) and Godrej Consumer at about 5% (FY2018–FY2026). By revenue the two are of broadly similar size. Dabur kept 14.2% of revenue as net profit in FY2026; Godrej Consumer kept 12.3% of revenue as net profit in FY2026. Dabur was profitable in every year shown; Godrej Consumer reported a net loss in FY2024.
Full ten-year tables and charts are on each company's page: Dabur · Godrej Consumer.
03What each price assumes
Work backwards from each share price and you can see what buyers are taking for granted — the rate each company must sustain to justify what it costs, against what its own record supports.
04What decides each one's value
- Rural demandMonsoons and rural incomes swing volumes.
- Healthcare brandsAyurvedic health products earn the best margins.
- India volumesHousehold insecticides and soaps are the profit core.
- Africa turnaroundSimplifying the African business is meant to lift margins.
05What could go wrong
- Weak rural demandPoor monsoons cut spending.
- CompetitionPatanjali and new brands target the same shoppers.
- CurrencyAfrican currencies can depreciate sharply.
- Commodity costsPalm oil and chemicals affect margins.
06Which is better value?
Sign in free to see which trades further below its worth
- ✓Both fair values per share — each on the method that fits the business
- ✓Every step of both workings — growth, margins and cost of capital, with sources
- ✓Bull, base and bear cases — for each company
- ✓Downloadable reports — the full write-up for each, yours to keep
08Questions people ask
Is Dabur or Godrej Consumer better value?
That turns on how far each share trades from its estimated fair value. Both figures, with every step of the working, are in the full valuations, free to view once you sign in. On the public numbers, Dabur trades at 33.4 times earnings and 5.91 times book value, and Godrej Consumer at 42.1 times earnings and 7.04 times book value — but multiples alone mislead when two businesses work differently, which is why each is valued on the method that fits it.
What is the difference between Dabur and Godrej Consumer?
Dabur was founded in Kolkata in 1884 by Dr S. Godrej Consumer Products, part of the Godrej group, sells household insecticides (Good Knight, HIT), soaps (Cinthol, Godrej No.1) and hair colour (Godrej Expert) in India.
Are Dabur and Godrej Consumer valued the same way?
Yes — both on discounted cash flow, so their workings compare like for like.
What does today's price assume for Dabur and Godrej Consumer?
Worked backwards from the share price, Dabur needs about 5% growth and Godrej Consumer about 8% growth, against 5% and 6% in their own records.