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Yes Securities Report
Dabur India Ltd. posted resilient performance with domestic volume growth 5% given a high base of 34% driven by strong performance from home and personal care and foods business indicating Dabur's portfolio strength and share gains.
Resilient growth of 16% in HPC and strong performance from foods business on a high base were key positives. Its healthcare business declined from a high base given reduction in Covid contextual portfolio.
Its International business continues to grow with three‐year compound annual growth rate of 5% constant currency except Middle East, North Africa which is soft.
Key negatives were category decline in toothpaste and hair oil driving muted growth, yet Dabur was able to gain market share by 20 basis points/30 bps in Q1. Its brands in juices and home care continue with a strong growth momentum.
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