Dabur India reports flat performance for Q1 FY23 as expenses jump nearly 11% YoY

4 Aug 2022 , 04:44 PM

The underlying volume growth was 5% in the India FMCG business. The Q1 2022-23 revenue growth, which stands at 10.3% on Constant Currency basis, comes on a high base of 32% in the same quarter last year. The company said that it had mitigated the impact of unprecedented inflationary pressures and supply chain constraints through disciplined cost control and judicious price hikes across categories. Daburs Foods & Beverages business reported a strong growth, led by 51% jump in the Beverages business. The Foods business also reported 36% growth during the quarter. Daburs Foods & Beverages business reported a strong growth, led by 51% jump in the Beverages business. The Foods business also reported 36% growth during the quarter. Despite the consumption slowdown and shrinkage in overall demand, Dabur recorded market share gains across 98% of its portfolio. Daburs International Business reported an 8% jump in constant currency terms, led by strong growths in Turkey (88%), Sub-Saharan Africa (35%), Nepal (30%) and Egypt (17.5%). Total expenses increased by 10.8% to Rs 2,358.52 crore in Q1 FY23 over Q1 FY22. Profit before tax in Q1 FY23 stood at Rs 564.12 crore, down by 0.7% from Rs 567.99 crore recorded in Q1 FY22. Mohit Malhotra, chief executive officer, Dabur India, said: ??Our brands continued to grow significantly ahead of the market, gaining market shares across all key categories. Despite the macro-economic headwinds, we remained focused on rolling our consumer-centric innovation that expanded our total addressable market, and report strong, sustainable, profitable growth. The demand environment remained stressed in view of the heavy inflation, which saw consumers switch to more affordable smaller packs of branded consumer goods. Both rural and urban demand growth have been at par for Dabur. Rural demand for Dabur was driven by the ahead-of-the-curve investments in expanding our rural footprint to over 91,500 villages in Q1, up from 89,800 villages in March 2022. Urban growth, on the other hand, was driven by new-age channels like modern trade, which grew by 42% during the quarter.? Dabur India is one of Indias leading FMCG companies. The companys FMCG portfolio today includes eight brands; Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur PudinHara and Dabur Lal Tail in the Healthcare space; Dabur Amla and Dabur Red Paste in the Personal care category; and R?al in the Foods & Beverages category. The scrip rose 0.94% to end at Rs 574.85 on the BSE today. Powered by Capital Market – Live News