Dabur India Q2FY23 PAT marginally lower at Rs490 crore as consumer care business sees fall in operating profits

27 Oct 2022 , 12:30 AM

Dabur India Ltd reported 5.99% growth in total revenues for the September 2022 quarter on consolidated basis at Rs2,986cr.

Revenue increase was 5.81% in sequential terms. In terms of verticals, the consumer care business saw sales up 9.6% at Rs2,411 crore while food business revenues grew by 34.9% at Rs499 crore.

The retail and miscellaneous business were marginally higher on yoy basis. The interest service coverage and debt service coverage have fallen sharply yoy due to higher debt levels.

Debtors turnover and inventory turnover ratios are also lower yoy due to pressure on working capital cycle management.

Consolidated Profit after tax (PAT) for September 2022 quarter was down -2.83% at Rs490.06cr and it was up 11.3% on sequential basis.

The operating profits from the consumer care business fell 6% yoy while this was offset by a 38.4% increase in operating profits in the foods business.

Operating margins at 20.12% in Q2FY22 were lower compared to 22.06% in the year ago quarter, but better on sequential comparison. Net profit margins at 16.41% in Q2FY23 is lower compared to 17.9% in Q1FY22 and betters 15.6% in Q1FY23.

Financial highlights for Sep-22 compared yoy and sequentially

	Dabur India
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 2,986.49	₹ 2,817.58	5.99%	₹ 2,822.43	5.81%
Net Profit (Rs cr)	₹ 490.06	₹ 504.35	-2.83%	₹ 440.32	11.30%
Diluted EPS (Rs)	₹ 2.76	₹ 2.85		₹ 2.48
Net Margins	16.41%	17.90%		15.60%