Ayurved Major
Dabur posts Double digit growth in first Quarter

India’s leading
Science-based Ayurveda major Dabur India Limited on Thursday announced a 11 per
cent growth in Consolidated Revenue for the First Quarter of 2023-24 to cross
the Rs 3,000 Crore mark for the first time in the first quarter, driven by
strong double-digit growth in both HPC and HC businesses. The Q1 Revenue growth
stands at 13.3% on a Constant Currency basis.

The
Board of Directors of Dabur India Ltd (DIL) met here on Thursday to consider
the unaudited financial results of the Company for the quarter ended June 30th,
2023.

The
financial year 2023-24 began on a strong note, reflecting the successful
execution of our business and go-to-market strategies to deliver a robust
performance during the first quarter of the year. Dabur reported a 11% growth
in Consolidated Revenue at Rs 3,130 Crore, up from Rs 2,822 Crore a year ago,
with an underlying Volume growth of 3% in the India FMCG business.

Dabur’s
Operating Profit saw a growth of 11.2%. Dabur ended the first quarter of
2023-24 with a 5.3% growth in Consolidated Net Profit at Rs 464 Crore, up from
Rs 440.3 Crore a year earlier. Net Profit excluding Amortisation related to
Badshah acquisition reported an 8% growth.

“We remain
committed to our strategy of superior go-to-market execution by enhancing our
distribution footprint while focusing on driving growth for our Power Brands
and building an agile organisation culture in our pursuit of sustainable,
balanced growth and value creation. We have initiated several measures to
pursue greater efficiency and the gains were ploughed back in the form of
higher investments behind our brands to drive demand. Our media spends grew by
30% in the Consolidated business and by 28% in the India business,” Dabur
India Limited Chief Executive Officer Mohit Malhotra said.