Dabur, the fast-moving consumer goods (FMCG) company, on May 4, 2023, released its March quarter numbers (Q4FY23) as well as declared a final dividend of Rs 2.70 per equity share having a face value of Re 1/- each (i.e., 270%) for the financial year 2022-23. For the March quarter, the FMCG company reported a consolidated net profit of Rs 300.83 crore, up 2.24 per cent against Rs 294.22 crore logged in the year-ago period. Revenue from operations increased 6.3 per cent year-on-year (YoY) to Rs 2,677.80 crore against Rs 2,517.81 crore registered in the year-ago period.

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The numbers were below Zee Business Research analysts' estimates. The research house had pegged the company's consolidated profit at Rs 383 crore, up 30 per cent year-on-year. The consolidated revenue was expected to surge around eight per cent year-on-year to Rs 2,707 crore

Dabur ended the full-year 2022-23 with a consolidated revenue of Rs 11,529.9 crore, up 5.9 per cent from Rs 10,888.7 crore in 2021-22. Net Profit for the full year stood at Rs 1,707.1 crore, the company said in its earnings release. The company added that its PAT or profit after tax declined on account of operating profit contraction, higher D&A or Depreciation & Amortisation (which includes Badshah Masala's amortisation of Rs 22 crore) and higher interest cost.

The release further said Dabur ended the quarter with a volume case growth of 11 per cent and the year with 14 per cent.

Commenting on the results, "Our performance in a tough inflationary environment aptly demonstrates the power and consistency of Dabur's strategic playbook, which helped us capitalise on our brand strength while continuing to innovate and deepen our engagement with our consumers. In an environment where high Inflation continued to impact consumption, we are happy to have progressed well with broad-based growth in our key categories and report market share gains across our product portfolio," said Dabur India Ltd Chief Executive Officer Mohit Malhotra said.

Category Growths 

"Riding on strong demand for our highly differentiated product portfolio, Dabur's Oral Care penetration has now increased to 50.8 per cent. Effectively, every second household in India is now a Dabur oral Care Household. Also, the company has now become the Number 2 player in the Oral Care segment with a 15.8 per cent market share, the company said.

In the Hair Oils market, "our strategy of supporting our core brands with flanker brands to entice value-seeking consumers paid off and the Hair Oils business reported a 130bps gain in market share to end at its highest-ever share of 17 per cent," Dabur said.

Dabur's Food & Beverages business reported a 30 per cent growth during the year with its Juices & Beverages business also growing at around 30 per cent. The Home Care business, riding on the strong performance of air fresheners, ended the year with a 23.4 per cent growth. The Digestives business ended up 10.4 per cent during the year, while the Shampoo portfolio ended up 8 per cent. The Healthcare business, which is navigating the high COVID bases, registered a 3-year CAGR of around 10 per cent, the press release said.

In the Air Freshener category, Dabur's market share surged 140bps, while its Shampoo market share reported a 30bps gain.