Dabur India Q2 net profit up 27.96% at Rs437.33cr on sharp EBIT growth in food and consumer care business

Dabur India Ltd reported 31.90% growth yoy in total sales revenues for the Jun-21 quarter on consolidated basis at Rs2,612cr

Aug 04, 2021 11:08 IST India Infoline News Service

Dabur
Dabur India Ltd reported 31.90% growth yoy in total sales revenues for the Jun-21 quarter on consolidated basis at Rs2,612cr. On a sequential basis, the revenues were up 11.76% compared to Rs2,337cr in the Mar-21 quarter showing very limited COVID impact.

Dabur saw a 35.4% growth in the India FMCG business with FMCG volumes up by a hefty 34.4% on a yoy basis. The company has continued to invest around its key brands as well as its distribution footprint across India. In terms of top line growth, the best traction was visible in the foods business and the consumer care business on shift to hygiene products.

Dabur witnessed solid growth across most of its FMCG verticals. For example, the food and beverages business grew by 80% on yoy basis. The healthcare business grew by 30% while the Ayurvedic OTC business grew by a healthy 52% on yoy basis.

Even the Ayurvedic ethical grew by 51% while the health supplements grew by 24.5%. Most of the grooming products including hair care and skin care segments also grew sharply in the quarter. Operating profits were up 36.37% on a yoy basis with operating margins at a healthy 18.79% overall. The EBIT thrust was driven by the home care and food consumption segments.

Net profit for the Jun-21 quarter was up 27.96% at Rs437.33cr on strong EBIT growth across food and home care segments. Net margins for the quarter were at 16.75% compared to 17.26% in the Jun-20 quarter and 16.17% in sequential Mar-21 quarter.


Financial highlights for Jun-21 compared yoy and sequentially


Dabur India Ltd
Rs in Crore Jun-21 Jun-20 YOY Mar-21 QOQ
Total Income (Rs cr) ₹ 2,611.54 ₹ 1,979.98 31.90% ₹ 2,336.79 11.76%
Operating Profit (Rs cr) ₹ 490.72 ₹ 359.85 36.37% ₹ 375.88 30.55%
Net Profit (Rs cr) ₹ 437.33 ₹ 341.78 27.96% ₹ 377.82 15.75%
Diluted EPS (Rs) ₹ 2.47 ₹ 1.93 ₹ 2.13
OPM 18.79% 18.17% 16.09%
Net Margins 16.75% 17.26% 16.17%

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