Dabur India Q4 Results Review - Beat On Operating Front; Maintain Buy: Axis Securities

Revenue grew 5% YoY with India volume growing 4.2%, led by distribution expansion, market share gains, and improved rural sales.

(Source: Company website)

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Axis Securities Report

Dabur India Ltd.’s consolidated revenue grew by 5% YoY to Rs 2,815 crore with India business volume growing by 4.2%, led by stable growth across categories. However, the healthcare and winter portfolio segment was impacted due to a delay in the onset of winter.

The company’s international business grew by 12% YoY (in constant currency terms). The management highlighted that the demand slump in rural areas has bottomed out and is now seeing a recovery and expects further recovery in the coming quarters.

Dabur India’s gross margins stood at 48.6% (up 279bps YoY). Ebitda margins were at 16.6% (up 128 bps), as it got impacted due to higher ad-spends, up 21% YoY.

The company reported a profit after tax of Rs 350 crore, up 16% YoY.

Click on the attachment to read the full report:

Axis Securities Dabur India Q4 FY24 -Result Update.pdf
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Also Read: Dabur India Q4 Results Review - Maintain As Our Preferred Pick For FY25: Yes Securities

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