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Dabur India reported consolidated net profit for the quarter at Rs 514.2 crore as against Rs 4,767 crore (YoY), registering a growth of 8%. Operating revenue rose 7% to Rs 3,255 crore from Rs 3,043.17 crore in the corresponding quarter of the previous year.
Leveraging the strengths of its consumer-focused product portfolio, brand communication and go-to-market excellence, Dabur continues to build and sustain its growth momentum, gaining market share across its portfolio and registering category-leading growth. did. Dabur's India business ended the quarter with a 6% volume increase, even though the delayed start of winter had a slight impact on the healthcare and winter portfolios.
“We remain focused on our strategy of managing an agile and responsible organizational structure, with a focus on product excellence and constructive disruption, to drive sustainable and profitable growth across our portfolio.” We are seeing a combination of easing inflation, strong consumer sentiment, and focused investment in our distribution footprint.'' Expansion in rural India has revived demand for Dabur from the hinterland. Rural demand in Dabur increased by 200 bps, outpacing urban demand. We are also ramping up investments in our brands to drive competitive volume growth, which is reflected in our increased advertising spend in the quarter,” he said, CEO of Dabur India. says Mohit Malhotra.
Dabur's digestive business ended the quarter with over 15% growth, while its Ayurvedic ethics business grew nearly 7% in the third quarter. Dabur's shampoo and post wash category reported over 11% growth. The toothpaste business ended the quarter with an industry-leading increase of more than 8% on the back of a 5% increase in toothpaste sales volume. The home care business reported 7% growth, and the beverage business returned to its growth trajectory, ending the quarter with 7% growth. Our food business, which includes Badshah, ended the quarter with 22% growth. Dabur's international business reported growth of 11.7% on a constant currency basis.
The company has approved an investment of Rs 135 million to set up a new manufacturing facility in South India. This new division will manufacture Dabur's Ayurvedic healthcare, personal care and home care products, including Dabur Honey, Dabur Red Paste and O'Donir Air Fresheners.
“Our business has expanded in South India and now accounts for approximately 18-20% of our domestic business in Dabur.With South India’s growing contribution, we are building new manufacturing facilities there to better meet local demand. “Today, an investment of Rs 135 million has been approved for the establishment of this greenfield facility. This is an opportunity to bring more jobs to the region. It will also enable us to further expand our manufacturing capacity and meet the growing demand for Dabur products in South India,'' Malhotra added.
