Dabur India reported mid-single-digit sales growth in the January-March quarter. According to the company’s Q4FY24 results update, the India business, as well as the home and personal care division, are forecast to expand in the high single digits.
Healthcare and food and beverage categories are predicted to expand by low single digits. While the international business is forecast to increase by double digits in constant currency terms, powered by strong momentum in the Middle East and North Africa, Egypt, and Turkey. According to the corporation, gross margins will likely continue to rise as input costs fall and cost-cutting strategies are implemented.
“Demand trends showed a slowdown in the quarter, but there was an uptick in rural growth attributed to price reductions in essential items, leading to a narrowing gap between rural and urban areas. With optimism surrounding the upcoming rabi crop harvest and expectations of a regular monsoon, the business anticipates a rise in consumption in the upcoming months,” stated Dabur India.
Dabur India shares have fallen 7% in the last six months and 6.14% in the last year.
It produces Ayurvedic medicine and natural consumer items and is one of India’s top fast-moving consumer goods (FMCG) firms. Approximately 60% of Dabur’s revenue comes from the consumer care sector, 11% from its food business, and the rest from its international business division.
Dabur India is one of India’s biggest FMCG companies, with revenues of over ₹11,530 Crore and a market capitalization of over ₹96,500 Crore.
Dabur India’s FMCG portfolio in India now comprises eight separate Power Brands: Dabur Honey, Dabur Chyawanprash, Dabur Pudin Hara, Dabur Honitus, and Dabur Lal Tail in Healthcare; Dabur Amla and Dabur Red Paste in Personal Care; and Real in Food & Beverages.
At around 11.33 AM, Dabur India was trading 0.41% higher at ₹508.10, against the previous close of ₹506.06 on NSE. The counter touched an intraday high and low of ₹510, and ₹504, respectively.
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