FMCG major Dabur India posted a consolidated revenue of Rs 3349.11 crore in the June quarter as against Rs 3130 crore, a growth of 7 percent YoY, and recorded a net profit of Rs 500.12 crore, higher by 7.8 percent on year.
Margins came in marginally higher at 19.6 percent as against 19.3 percent a year ago. The FMCG major clocked a domestic volume growth of 5.2 percent in the June quarter, led by a sequential recovery in rural volume growth.
Shares of Dabur India were quiet at Rs 642 per share at 2:36pm.
For the last three quarters, Dabur India said it has been witnessing rural volume growth greater than that of the urban category. CEO Mohit Malhotra said the company is very upbeat about rural demand growth and projects that it could see double-digit volume growth in the rural category for FY25, ahead of urban category. "The rural demand outpaced urban demand by 350 bps during the quarter", the CEO added.
The international business too is witnessing strong, double-digit growth, Dabur said. Egypt business saw a near 64% growth, Nigeria grew by 181%, while Sub-Saharan Africa grew by 21.4%.
Dabur's oral care business saw strong growth in the June quarter, led by Red Paste and the premium Meswak brand, taking the category's business higher by 12%.
Dabur India had said that the focus on infrastructure development, support to rural incomes and hopes of a normal monsoon are positives for a rural recovery. "We are optimistic that rural consumption will improve during the current year, although this may be more visible in the second half of the year", the company had said in its annual report earlier in July.
CEO Mohit Malholtra said Dabur India sees Quick Commerce as a robust channel with exponential growth. Going forward, this will become an even more significant channel, and the company is working out 'strategies to capture the opportunities' emerging here.
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