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Dabur India sees 50% sequential surge in Consolidated Profit After Tax

180% YoY growth in its retail division and double-digit growth in its food and other companies both contributed to revenue growth.

August 05, 2022 8:33 IST | India Infoline News Service
In comparison to the same period last year, Dabur India Ltd. declared a flat consolidated Profit After Tax (PAT) for the quarter ended June 2022 (Q1FY23) at Rs441 crore on August 4. The PAT increased slightly from Rs438 crore last year by 0.6%. It increased by 50% sequentially from the Rs294 crore PAT registered in the preceding quarter.

The total income for the quarter increased 8% from the prior year to Rs2.822 crore. Revenue climbed 12% sequentially.

Strong 180% YoY growth in its retail division and strong double-digit growth in its food and other companies both contributed to revenue growth. Sequentially, the food industry saw a 69 percent growth in revenue, followed by increases of 37% and 15% in the other and retail industries.

However, both year over year and sequentially, growth in its core consumer care sector remained flat. With a share of 75.7% of total revenues, the company continues to contribute the lion's share of revenues. However, the revenue share has decreased from 83% in both the prior quarter and year.

The food industry increased its sales share from 14.3% in the previous quarter and 15.4% a year ago to 21.6%.
While the company's international business saw constant currency growth of 8% (3-year CAGR of 5%), its standalone India business rose by 10% year over year (3-year CAGR of 10.2%).

Earnings before interest, taxes, depreciation, and amortization, or EBITDA, fell by 1.5% year over year for the quarter to Rs552 crore, while the EBITDA margin fell by 180 bps to 19.3%.

At the National Stock Exchange, Dabur closed the day of August 4 Rs4.1 higher, at Rs573.95. Over the last month, the stock's price has increased by 10%.

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