Dabur India posts 3.29% y-o-y growth in Q2FY24 net profit to Rs 507.04 crore

3 Nov 2023 , 10:30 AM

Dabur India Ltd recorded a consolidated net profit of Rs 507.04 crore for the second quarter of FY24, up 3.29% from Rs 490.86 crore in the previous corresponding quarter.

Profit increased by 11.04% from Rs 456.61 crore in the previous quarter.

According to a regulatory filing, revenue was Rs 3,203.84 crore, up 7.27% from Rs 2,986.49 crore in the same quarter of the previous year, led by consistent success in both the Home and Personal Care and HealthCare divisions. Revenue climbed 2.34% sequentially.

EBITDA came in at Rs 661 crore, a 10% increase. The EBITDA margin was 20.60%, up from 20.10% in the previous year.

The board of directors also approved the payment of an interim dividend of Rs 2.75 for each equity share having a face value of Rs 1 for the fiscal year 2023-24, corresponding to a 275% yield.

Dabur had stated in a business update that it expected a mid to high single-digit revenue increase in the second quarter due to stronger foreign business and domestic demand recovery.

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