Dabur India Ltd on Wednesday reported a 8.4 percent decline in consolidated net profit to Rs 320.13 crore in the March quarter. The homegrown FMCG major had posted a net profit of Rs 349.53 crore in the year-ago period.
Its revenue from operations was up 0.5 percent to Rs 2,830 crore during the quarter under review. It was Rs 2,814.6 crore in the corresponding quarter of the previous fiscal year, Dabur India said in a regulatory filing.
Dabur India's total expenses were at Rs 2,559.39 crore, up 2.7 percent in the March quarter from Rs 2,490.43 crore in the year ago period.
The company also declared a dividend of Rs 5.25 per share.
In an exchange filing, it said "the Board of Directors of the Company have recommended Final Dividend of Rs 5.25 per equity share having face value of Re. 1/- each (i.e.525%) for the financial year 2024-25, for approval of members of the Company in the ensuing Annual General Meeting."
"Record date and dividend payment date will be informed in due course of time," it added.
The earnings before interest, taxes, depreciation and amortization (EBITDA) reduced 8.6 percent at Rs 426.8 crore in the fourth quarter of FY25 against Rs 466.70 crore in year ago period, while the margin was reported at 15.1 percent against 16.6 percent year-on-year (YoY).
Shares of Dabur India Ltd. settled flat at Rs 480 per share on the NSE, down 0.12 percent.
In the fourth quarter, the company's healthcare segment was affected by a less severe winter. Revenue from the segment, which makes up about 30 percent of the total, declined 4.7 percent year-on-year.
Revenue in its largest segment, home and personal care, declined 3.3 percent.
Operating profit margin contracted to 15.1 percent in the fourth quarter from 16.6 percent last year.
"Despite facing some pressures in the India business, our international business enabled us to successfully navigate the complex external environment. Our International Business achieved 19 percent Constant Currency growth in the fourth quarter and 17 percent during the full year. We expect consumer demand in India to recover progressively in the coming quarters, both in urban and rural markets. Our business fundamentals remain strong with household penetration gains across Oral Care, Hair Care, Healthcare, Air Fresheners and Food & Beverages businesses. We are focusing on strengthening our competitive edge in the marketplace by investing in scaling up our rural footprint and rolling out consumer centric innovations," Dabur India Limited Chief Executive Officer Mohit Malhotra said.
"We remain committed to modernizing our core portfolio, driving premiumization, and plugging white spaces in our hlome & Personal Care, HC and F&B business verticals. In addition, we are refining our Go-To-Market strategy to respond to the changing channel dynamics in urban India. This reinforces our confidence to deliver an industry-leading profitable growth, going forward" he added.
"In line with our payout policy, the Board has proposed a dividend of Rs 5.25 per share, aggregating to Rs. 1 ,417.86 Crore," Dabur India Ltd Group Director PD Narang said.
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