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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.
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