Dabur Q4 Consol. Revenue Grows by 6.4% Reaches INR2,677.8 Crore
India’s leading Ayurveda/ FMCG major, Dabur India Ltd. recently released its annual report where it announced a Full-year 2022-23 Consolidated Revenue of over INR11,000 Crore. Dabur’s Consolidated Revenue for the fourth quarter of 2022-23 reported a 6.4% jump to INR2,677.8 Crore.
This also marks a 3-year CAGR of 12.8%.
Dabur ended the full-year 2022-23 with a Consolidated Revenue of INR11,529.9 Crore, up 5.9% from INR10,888.7 Crore in 2021-22. Net Profit for the full year stood at INR1,707.1 Crore.
Dabur India Ltd Chief Executive Officer Mohit Malhotra said “Our performance in a tough inflationary environment aptly demonstrates the power and consistency of Dabur’s strategic playbook, which helped us capitalize on our brand strength while continuing to innovate and deepen our engagement with our consumers. In an environment where high Inflation continued to impact consumption, we are happy to have progressed well with broad-based growth in our key categories and report market share gains across our product portfolio,”
Dabur ended the quarter with a Volume Case Growth of 11% and the year with 14%. “During the year, we faced high inflation, which was partly mitigated by price increases to the tune of 6%. Consumer promotions were offered to soften the impact of price hikes on consumption, which resulted in flattish Value-weighted Volumes for both the fourth quarter and the year. This 11% Case Growth has helped increase the penetration and market share of our brands across categories in line with our ‘Ghar Ghar Dabur’ strategy,” added Mohit Malhotra.
Oral Care & hair Oil Gains and F&B Gallops – Some Highlights
- Dabur’s Oral Care penetration has, reportedly, increased to 50.8%- with ‘every second household in India is now a Dabur oral Care Household.’ The Company correspondingly holds the Number 2 slot in the Oral Care segment with a 15.8% market share.
- In the Hair Oils market, the strategy of supporting core brands with flanker brands to entice value-seeking consumers, has resulted in the Hair Oils business reporting a 130bps gain in market share to end at its highest-ever share of 17%.
- Dabur’s Food & Beverages business reported a 30% growth during the year with its Juices & Beverages business also growing at around 30%.
- The Home Care business, riding on strong performance of air fresheners, ended the year with a 23.4% growth.
- The Digestives business ended up 10.4% during the year.
- the Shampoo portfolio ended up 8%.
- The Healthcare business, which is navigating the high COVID bases, registered a 3-year CAGR of around 10%.
- In the Air Freshener category, Dabur’s market share surged 140bps, while its Shampoo market share reported a 30bps gain.
International Business
Dabur’s International Business continued at 11.1% for the full year 2022-23. During the quarter, the Turkey business grew by 90%, while Egypt business was up 28% and Nepal business posted a growth of 17%.
Dividend
The Board of Directors recommended a Final Dividend of 270%, taking the Total Dividend for 2022-23 to 520%. “In line with our payout policy, the Board has proposed a dividend of INR2.70 per share, aggregating to INR478.38 Crore,” Dabur India Ltd Group Director P. D. Narang said.
About Dabur India Ltd
Dabur India’s FMCG portfolio includes eight distinct Power Brands in India: Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur PudinHara and Dabur Lal Tail in the Healthcare space; Dabur Amla and Dabur Red Paste in the Personal Care category; and Réal in the Food & beverages space. Vatika is the International Power Brand in Dabur’s portfolio.