Dabur India Q4 Results: 16.2% YoY surge in Net Profit

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Synopsis:

Dabur India Limited unveiled its financial results for Q4 FY2023-24 on May 2, 2024. With a 5.1% surge in revenue to ₹2,814.64 crores, it marked a notable growth from the previous year's ₹2,672.80 crores. The consolidated net profit stood at ₹349.5 crores, showcasing a 16.2% YoY rise. Operating profit improved by 13.9%, and EBITDA rose by 12.2% to ₹595.5 crores. The board proposed a final dividend of ₹2.75 per equity share. Dabur also reported significant growth across categories, with rural outreach as a key focus. 

DATA Points:

  1. Net Profit for FY24: ₹349.5 crores; Up by 16.2%

  2. Revenue from Operations: ₹2,814.64 crores; Up by 5.1% YoY

  3. Operating Profit: ₹466.5 crores; Up by 13.9% YoY

  4. EBITDA (incl Other income): ₹595.5 crores; Up by 12.2% YoY

Explore:Dabur India Ltd Share Price

Introduction

On 2 May 2024, Dabur India Limited, the country’s leading Science-based Ayurveda company, released its financial report for the quarter ending on March 31, 2024. Dabur India Limited ended the fourth quarter of 2023-24 with a 5.1% jump in their revenue from operation, reaching ₹2,814.64 crores. It was recorded at ₹2,678 crores in the fourth quarter of the last financial year.

Dabur India Q4 results show a consolidated net profit of ₹349.5 crores. This marks a significant 16.2% rise from ₹300.8 crore recorded in the corresponding period of the previous year.

Additional Read:129 Indian Companies to Release Q4 Results

Dabur India Q4 Results: 5 Key Financial Highlights

  1. Total revenue reached ₹2,814.6 crore, reflecting a 5.1% increase from ₹2,677.8 crore in the same quarter of the previous year.

  2. Dabur India's operating profit demonstrated a notable 13.9% improvement during the quarter.

  3. EBITDA, including other income, rose by 12.2% year-over-year to ₹595.5 crores.

  1. The Company's Board of Directors has proposed a final dividend of ₹2.75 per equity share for FY 2023-24.

  2. Dabur’s rural coverage expanded to 122,000 villages leading to a business growth of 400 bps more than the urban segment.

 

Dabur India Q4 Results: Category Growth

Dabur's Oral Care penetration has reached 52%. The company mentioned that today, every second household in India is now a Dabur Oral Care household. During the fourth quarter, the Oral Care business surged by 22%, with the toothpaste segment showing a remarkable 23% increase.

Dabur’s Digestives business concluded the quarter with an increase of 16%. Additionally, the Home Care business, propelled by robust sales of mosquito repellents, achieved a growth of 7.5%. Moreover, the Shampoo portfolio recorded a noteworthy surge of over 6%. Dabur's Food business, inclusive of Badshah, expanded by an impressive 20.6%.

Dabur India Q4 Results: International Business

Dabur showcased robust performance in international markets. The International Business segment continued to move ahead on the growth trajectory and reported a Constant Currency growth of 12% in the fourth quarter and 16.4% for the full year 2023-24.

During the quarter, the Egypt business witnessed a growth of 63%, while the Turkey business saw a rise of 39%, and the Middle East & North Africa (MENA) markets experienced a growth of 6.3%. Additionally, the Sub-Saharan Africa business showed a notable increase of 23.8%.

Additional Read:Quarterly Results

Dabur India Q4 Results: Dividend

The Board of Directors proposed a Final Dividend of 275%, resulting in a Total Dividend of FY 2023-24 to 550%. The Board suggested a dividend of ₹2.75 per share, totalling ₹487.31 Crore.

Dabur India Q4 Results: Rural Outreach

Over the past few years, Dabur India has prioritised expanding its presence in rural areas, resulting in a surge in rural demand surpassing urban areas. The company has broadened its product range in rural markets and has introduced affordable and tailored packs across various categories. This has further stimulated its demand growth. Dabur’s rural coverage expanded by 22,000 villages, and has now reached 122,000 villages. This has led to a business growth of 400 bps more than the urban sector.

Dabur India Q4 Results: Consolidated P&L ( ₹ in crores)

Metrics

Q4 FY 24

Q4 FY 23

YoY

FY24

FY23

YoY

Revenue from operations

2,814.6

2,677.8

5.1%

12,404.0

11,529.9

7.6%

Operating Profit

466.5

409.8

13.9%

2,400.0

2,164.1

10.9%

EBITDA (incl Other income)

595.5

530.5

12.2%

2,882.5

2,609.5

10.5%

Net profit for the period/year (after minority)

349.5

300.8

16.2%

1,842.7

1,707.1

7.9%

What the Future Holds for Dabur India?

Driven by the steady performance of both the Home & Personal care and Food & Beverages businesses, in FY 2023-24, Dabur is most likely to continue to build and sustain its growth momentum, posting category-leading growths with market share gains across the portfolio. With robust performance across categories and an expanding rural footprint, Dabur is poised for sustained growth, reaffirming its position as a global leader in Ayurvedic and Natural Health Care.

Additional Read:Annual Results

Conclusion

Dabur India Limited stands amongst the foremost FMCG enterprises in the country. With a history spanning over 139 years, Dabur has earned the trust of millions, emerging as India's premier name and a global leader in Ayurvedic and Natural Health Care.

Riding on the strength of its consumer-centred spectrum of products, effective brand communication, and robust execution in getting products to market, Dabur has been able to maintain its growth trajectory. It achieved significant growth rates in various product categories, resulting in increased market share across its portfolio.

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What were the key highlights of Dabur India Q4 results?

Answer Field

Dabur India reported a 5.1% increase in revenue to ₹2,814.64 crores, with a consolidated net profit of ₹349.5 crores. While this marked a significant 16.2% rise from the previous year, profits witnessed a 32% sequential decline from the preceding quarter.

As per the Dabur India Q4 results, what was the companys performance in international markets?

Answer Field

Internationally, Dabur India excelled, with a Constant Currency growth of 12% in Q4 and 16.4% for FY 2023-24. 

Has Dabur India declared a dividend?

Answer Field

The company has announced a final dividend of ₹2.75 per equity share for FY 2023-24.

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