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Dabur Ltd Q3 net up 2.3% yoy at Rs503.32cr as price hikes partially offset higher input costs in FMCG

3 Feb 2022 , 09:31 AM

Dabur Ltd reported 7.80% yoy growth in total sales revenues for the Dec-21 quarter on consolidated basis at Rs2,942cr. On a sequential basis, the revenues were up by 4.41%.

During the December 2021 quarter, the core consumer care business saw sales up by 4.1% at Rs2,543cr while the food business saw robust growth in sales by 39% at Rs329cr. The consumer care business sales was tepid due to weak rural sales.

The sales in the retail and miscellaneous business were higher but they were not significant in the overall revenue mix of Dabur Ltd. Rural sales were weak in the quarter. The international business grew by 8.7% on a yoy basis.

For the Dec-21 quarter, the operating profits were up on a yoy basis by 9.14% at Rs564.30cr. During the quarter, there was solid traction in. The inflation impact was 13% during the quarter which more than offset most of the price hikes that the company managed to effect.

While the operating profit of the consumer care business was up just about 5%, the food business saw a doubling of operating profit. Operating margins improved from 18.95% in Dec-20 quarter to 19.18% in the Dec-21 quarter. Operating margins were lower on a sequential basis by 60 bps.

Net Profit after tax (PAT) for the Dec-21 quarter was up just 2.3% yoy at Rs503.32cr as the improved operating performance got largely neutralized by a surge in taxes in the quarter.

PAT margins fell marginally from 18.03% in the Dec-20 quarter to 17.11% in the Dec-21 quarter. The PAT margins were also lower on a sequential basis by 79 bps.

Financial highlights for Dec-21 compared yoy and sequentially

	Dabur Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 2,941.75	₹ 2,728.84	7.80%	₹ 2,817.58	4.41%
EBITDA (Rs cr)	₹ 564.30	₹ 517.02	9.14%	₹ 557.38	1.24%
Net Profit (Rs cr)	₹ 503.32	₹ 492.02	2.30%	₹ 504.35	-0.20%

Diluted EPS (Rs)	₹ 2.84	₹ 2.78		₹ 2.85
EBITDA Margin	19.18%	18.95%		19.78%
Net Margins	17.11%	18.03%		17.90%