Dabur India, a leading FMCG company, has announced robust financial results for the fourth quarter of the financial year 2023-24, with consolidated net profit surging to Rs 341.22 crore. This represents a significant increase of 16.5% compared to the same quarter of the previous financial year when the net profit stood at Rs 292.76 crore.
In Q4FY24, Dabur’s total revenue reached Rs 2,814.64 crore, marking a growth of 5.11% from Rs 2,677.80 crore in the corresponding quarter of the previous year, as per the company’s regulatory filing. Both revenue and net profit exceeded market estimates, with analysts anticipating a revenue of Rs 2,735 crore and a net profit of Rs 335 crore for the quarter.
The Board of Directors of Dabur India has recommended a final dividend of Rs. 2.75 per equity share for the financial year 2023-2024.
Earnings before interest, tax, depreciation, and amortization (EBIDTA) for the quarter stood at Rs 467 crore, reflecting a growth of 14%. Furthermore, the EBITDA margins improved by 130 basis points year-on-year to 16.6%.
Commenting on the performance, Mohit Malhotra, CEO of Dabur India, attributed the steady sales and profit growth in the fourth quarter to the company’s strategic initiatives. He highlighted investments behind Dabur’s brands, which increased by 33%, driving demand and sustaining growth momentum despite multiple challenges.
Dabur’s premium products now constitute 18% of its portfolio, contributing significantly to the company’s growth trajectory. The FMCG giant achieved a volume growth of 5.5% for the entire year, with key brands experiencing significant market share gains across various categories.
Odomos, Dabur’s mosquito repellent brand, witnessed a remarkable increase in market share by 677 basis points, while Chyawanprash reported a gain of 135 basis points. The company’s market share in the hair oil segment also saw a notable increase of 115 basis points.
In the oral care segment, Dabur’s penetration now stands at 52%, reflecting strong demand for its products. The Oral Care business witnessed a surge of 22%, primarily driven by a 23% increase in toothpaste sales.
Other segments, including Digestives, Home Care, and Food, also contributed to Dabur’s growth story, with significant increases in sales during the quarter.
Internationally, Dabur’s business exhibited robust growth, with notable increases in various regions such as Egypt, Turkey, and the Middle East & North Africa markets.
With these impressive financial results, Dabur India reaffirms its position as a leading player in the FMCG sector, demonstrating resilience and adaptability in the face of evolving market dynamics.
