For the quarter ending in June 2023, Dabur India’s consolidated net profit increased 3.5% to ₹456.6 crore from ₹441 crore in the same time the previous year.
The FMCG giant’s consolidated revenue climbed 11% YoY to ₹3,130.5 crore in Q1FY24 from ₹2,822.4 crore, thanks to robust double-digit growth in the HC and HPC sectors. Comparing Q1 revenue growth to a constant currency basis, it is 13.3%.
The domestic volume growth of Dabur India was 3%.
The quarterly increase in the company’s profits before interest, taxes, depreciation, and amortization (EBITDA) to ₹604.7 crore from ₹543.7 crore, YoY, was 11.2%. The EBITDA margin stayed constant at 19.3%.
After three quarters, we have seen a return to high single digit growth in our rural areas due to the slowing of inflation. The disparity between rural and urban growth has narrowed considerably, according to Mohit Malhotra, CEO of Dabur India.
In constant currency terms, Dabur’s International Business recorded growth of 20.6%. Turkey’s business rose by 51.2%, compared to 45.7% growth in Egypt, 13% growth in Sub-Saharan Africa, and 10.2% growth in MENA.
Dabur’s over-the-counter business saw growth of 24.3% in the quarter. The Home Care industry saw a 14.5% increase, while the Digestive industry saw a 14.3% increase.
During the quarter, the portfolio for oral care increased by 12.7%, while the portfolio for hair care expanded by about 10%. The company stated in a release that although the Foods business expanded by 35%, the unseasonal rains had an influence on the Beverages portfolio.
Dabur India’s share price was 1.55% lower at ₹556.90 per share on the BSE at 2:55 p.m.
