Dabur India, expects its revenue to grow in the mid to high single digits for the first quarter, driven by a recovery in rural demand and positive economic signs, according to a business update on July 5.
The company sees a normal monsoon helping this recovery in the coming months. Dabur’s India business is expected to see mid-single-digit volume growth, mainly from strong performance in the healthcare and personal care segments.
Despite hot weather affecting travel and beverage consumption, the culinary category showed strong momentum. Badshah Masala is set for high-teens volume growth, showing its market strength.
Internationally, Dabur expects good growth in constant currency terms but faces challenges from currency depreciation in Turkey and Egypt. The company expects a slight increase in gross margins due to price adjustments and efficiency measures. Operating profit is expected to grow slightly ahead of revenue as the company continues to invest in its brands.
In the fiscal year 2023-24, Dabur’s consolidated revenue was ₹12,404 crore, with a profit after tax of ₹1,843 crore. On July 5, Dabur’s share price closed at ₹606.45, up 0.83%. The stock has given a nearly 9% return this year compared to the Nifty50’s 12% gain.
