Dabur India net profit surges 28% yoy at Rs437cr; Volume growth at 34.4%

Dabur's International Business continued to move ahead on the growth trajectory with an over 34% jump in Constant Currency terms.

Aug 03, 2021 04:08 IST India Infoline News Service

Dabur India Ltd ended Q1 of 2021-22 with a robust 32% surge in consolidated revenue at Rs2,612cr, up from Rs1,980cr. The consolidated net profit for the first quarter reported a 28% growth at Rs437cr, up from Rs342cr a year earlier.

Dabur's India FMCG Business grew by 35.4%, with an underlying Volume Growth of 34.4% in the first quarter of 2021-22.

Continued investments behind the Power Brands and increasing distribution footprint, coupled with a structured and balanced approach to driving cost management, helped Dabur India Ltd overcome the challenging context of COVID second wave and report a strong Topline and Bottom-line performance h the quarter ended June 30th, 2021.

"Riding on the strength of its strategic business transformation exercise, Dabur demonstrated renewed agility and resilience in the face of the second wave of COVID-19. We applied learnings from last year on stream lining the Supply Chain to ensure minimal disruption in supplies while firmly focusing on delivering volume-led profitable growth. Our Operating Margin reported a 32.5% growth during the quarter, which marked a 10 bps gain despite high inflationary pressures. Our Pre-Tax Profit also grew by a robust 34% during the quarter," Dabur India Ltd Chief Executive Officer Mr. Mohit Malhotra said

The company’s relentless focus on innovation, a widened product portfolio and a revival in in-home consumption in line with the growing consumer need for health helped Dabur's Food & Beverages business end Q1, 2021- 22 with an 80.4% surge.

Healthcare business reported a strong 30% growth in Q1 with the Ayurvedic OTC business growing by over52%, Ayurvedic Ethicals business re porting a growth of nearly 51% and the Health Supplements category ending the quarter with a 24.5% growth.

Dabur's International Business continued to move ahead on the growth trajectory with an over 34% jump in Constant Currency terms. The MENA business grew by nearly 49%, while the Egypt business was up 43%, Namaste by over 40% and the SAARC business posted a growth of 41% during the quarter.

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