Dabur India clocks 11% y-o-y growth in revenue for Q1FY24; stock climbs ~3%

4 Aug 2023 , 10:42 AM

Dabur India announced that it recorded a consolidated net profit of Rs 456.61 crore for the first quarter of FY24, up 3.52% from Rs 441.06 crore in the previous corresponding quarter.

The company reported a 55.90% QoQ growth in net profit against Rs 292.76 crore in the previous quarter.

Dabur India reported a revenue of Rs 3,130.47 crore, registering a growth of 10.91% y-o-y compared to Rs 2,822.43 crore in the previous corresponding quarter.

EBITDA came in at Rs 604.70 crore in Q1FY24, up by 11.20% against the previous corresponding quarter. EBITDA margin was reported at 19.30%.

The company stated in its press release that its international business registered 20.60% growth in terms of constant currency.

The Digestive business increased by 14.3%, while the Home Care business grew by 14.5%. During the quarter, the Oral Care portfolio increased by 12.7%, while the Hair Care portfolio increased by nearly 10%. While the Foods sector expanded by 35%, the Beverages portfolio was hampered by unseasonal rainfall.

At around 10.40 AM, Dabur India was trading 2.77% higher at Rs 570.40, against the previous close of Rs 555.05 on NSE. The counter hit an intraday high of Rs 593.75 so far in today’s trade.

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