Marico vs Dabur India: share price, P/E, ROE and financials compared
Marico
Dabur India
Marico and Dabur India at a glance
Marico and Dabur India are both listed in Fast Moving Consumer Goods. Marico is the larger by market cap, at ₹1.2L Cr against ₹67,472 Cr for Dabur India (1.7 times as large). On valuation, Dabur India has the lower P/E (33.4× against 57.7×) and the lower price-to-book (5.87× against 24.59×). On returns and margins, Marico has the higher ROCE (38.8% against 20.8%) and the higher ROE (44.9% against 17.2%), while Dabur India has the higher operating margin (18.9% against 17.4%). Over three years, Marico has faster 3-year sales growth (+11.8% against +4.5% a year) and faster 3-year profit growth (+10.6% against +3.5% a year). Dabur India carries less debt for its equity, with a debt-to-equity of 0.12× against 0.24×.
Key metrics, side by side
| Metric | MaricoMARICO | Dabur IndiaDABUR |
|---|---|---|
| Price (₹) | 897.75 | 380.35 |
| Market cap (₹ Cr) | 1,16,527 | 67,472 |
| P/E | 57.7× | 33.4× (the lower figure, shaded) |
| P/B | 24.59× | 5.87× (the lower figure, shaded) |
| Dividend yield, trailing | 0.45% | 2.17% (the higher figure, shaded) |
| ROE | 44.9% (the higher figure, shaded) | 17.2% |
| ROCE | 38.8% (the higher figure, shaded) | 20.8% |
| Operating margin (OPM) | 17.4% | 18.9% (the higher figure, shaded) |
| Net margin (NPM) | 13.6% | 14.5% (the higher figure, shaded) |
| Sales CAGR 3Y | +11.8% (the higher figure, shaded) | +4.5% |
| Profit CAGR 3Y | +10.6% (the higher figure, shaded) | +3.5% |
| Debt to equity | 0.24× | 0.12× (the lower figure, shaded) |
| Interest cover | 60.9× (the higher figure, shaded) | 20.3× |
| Net profit TTM (₹ Cr) | 1,888 | – |
| 1Y return | +23.8% (the higher figure, shaded) | −25.5% |
| Promoter holding | – | 66.25% |
Marico vs Dabur India: common questions
Which is bigger, Marico or Dabur India?
By market cap, Marico is bigger at ₹1.2L Cr, against ₹67,472 Cr for Dabur India (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Marico or Dabur India?
Marico trades at a P/E of 57.7× and Dabur India at 33.4×. Dabur India has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Marico or Dabur India?
Marico reports a return on equity of 44.9% and Dabur India 17.2%. Marico has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Marico or Dabur India?
Over the last three years: Sales grew +11.8% a year at Marico and +4.5% at Dabur India, so Marico grew sales faster; profit grew +10.6% a year at Marico and +3.5% at Dabur India, so Marico grew profit faster. Past growth doesn’t predict future growth.