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Dabur RAS bet: Growth potential, but limited financial risk
Mint Bangalore
|March 06, 2026
Earlier this week, Dabur India Ltd announced a ₹60 crore investment for a minority stake in luxury “farm-to-face” skincare brand RAS Beauty, which has already received investments from Unilever and Amazon.
A ₹60 crore minority investment will barely move the needle for Dabur’s ₹12,500 crore FY25 consolidated revenue. The 4% drop in Dabur’s shares since the announcement reflects this scepticism. But the context is attractive.
The RAS stake-acquisition is Dabur’s first bet with its ₹500 crore war chest under Dabur Ventures, announced on 30 October to back high-growth, digital-first D2C businesses. The stock has held up better since then, falling 3% versus the 11% drop in the Nifty FMCG index.
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