Dabur India announced its financial results for the fourth quarter (Q4) of fiscal year 2023-24 (FY24), revealing a 16% increase in consolidated net profit to Rs 350 crore compared to Rs 301 crore in the same period last year.
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The company’s revenue from operations also grew by 5% year-on-year (YoY) to Rs 2,815 crore during the quarter
Dabur’s Board has proposed a final dividend of Rs 2.75 per equity share for the financial year 2023-24.
Dabur attributed its steady performance in the fourth quarter to effective execution of its power brand strategy, increased focus on premium products, expanded distribution reach, and rigorous cost reduction measures.
The EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the quarter rose by 14% YoY to Rs 467 crore, up from Rs 410 crore in the corresponding quarter of the previous year. Additionally, consolidated margins improved to 16.6%.
Revenue for the quarter saw a notable increase of 7.3% on a constant currency basis.
The company’s oral care business witnessed robust growth, achieving a penetration rate of 52% with a 22% surge in overall business and a 23% rise in toothpaste sales.
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Dabur’s digestive business, led by strong performance of Hajmola, registered a growth of 16% in the quarter. The home care segment, buoyed by mosquito repellents, saw a growth of 7.5%.
Shampoo sales also increased by over 6% during the period. Additionally, Dabur’s Food business, including Badshah, grew by 21%.
Dabur saw international growth, with a constant currency expansion of 12% in the fourth quarter. Specifically, the company’s Egypt business grew by 63%, Turkey by 39%, and the Middle East & North Africa (MENA) markets by 6.3%. The Sub-Saharan Africa business recorded a growth of 23.8%.
“We’ve ended the year with a steady performance underscoring the power of Dabur’s brands. We have been investing heavily behind our brands to drive demand and sustain growth momentum,” said CEO Mohit Malhotra.
Dabur India’s FMCG business achieved a volume growth of 5.5% for the full fiscal year, with key brands and products leading category growth and gaining market share across 95% of the portfolio.
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Dabur shares traded 2.46% higher at Rs 520.25 on the NSE on Thursday. The company‘s stock price reflects positive investor sentiment following the announcement of these encouraging financial results.
