Dabur Quarter First Result

Ayurved Major Dabur posts Double-digit growth in the First Quarter

India’s leading Science-based Ayurveda major Dabur India Limited on Thursday announced an 11 percent growth in Consolidated Revenue for the First Quarter of 2023-24 to cross the Rs 3,000 Crore mark for the first time in the first quarter, driven by strong double-digit growth in both HPC and HC businesses. The Q1 Revenue growth stands at 13.3% on a Constant Currency basis.

The Board of Directors of Dabur India Ltd (DIL) met here on Thursday to consider the unaudited financial results of the Company for the quarter ended June 30th, 2023.

The financial year 2023-24 began on a strong note, reflecting the successful execution of our business and go-to-market strategies to deliver a robust performance during the first quarter of the year. Dabur reported an 11% growth
in Consolidated Revenue at Rs 3,130 Crore, up from Rs 2,822 Crore a year ago, with an underlying Volume growth of 3% in the India FMCG business.

Dabur’s Operating Profit saw a growth of 11.2%. Dabur ended the first quarter of 2023-24 with a 5.3% growth in Consolidated Net Profit at Rs 464 Crore, up from Rs 440.3 Crore a year earlier. Net Profit excluding Amortisation related to the Badshah acquisition reported an 8% growth.

“We remain committed to our strategy of superior go-to-market execution by enhancing our distribution footprint while focusing on driving growth for our Power Brands and building an agile organization culture in our pursuit of sustainable, balanced growth and value creation. We have initiated several measures to pursue greater efficiency and the gains were ploughed back in the form of higher investments in our brands to drive demand. Our media spending grew by 30% in the Consolidated business and 28% in the India business,” Dabur India Limited Chief Executive Officer Mohit Malhotra said.