For the fourth quarter that ended on March 31, Dabur India reported a net profit of ₹300.8 crore, an increase of 2.2per cent over the previous fiscal’s corresponding quarter’s net profit of ₹294.20 crore. For the reviewed quarter, total sales increased 6.4per cent to ₹2,677.8 crore. The company reported a net profit of ₹1,707.1 crore for the entire fiscal year FY23, a small decrease from ₹1,739.2 crore due to a contraction in operational profit and higher depreciation and amortisation charges. In comparison to FY22, it reported consolidated revenue of ₹11,529.9 crore, an increase of 5.9 percent.
A final pay-out of 270 per cent was suggested by the company’s board, bringing the total dividend for FY23 to 520 percent. In line with the company’s pay-out policy, the board has recommended a dividend of 2.70 rupees per share, totalling ₹478.38 crore.
While the operational environment remained challenging, Mohit Malhotra stated that growth momentum in the latter part of Q4 was visible. “High inflation and consumer downtrading are the main reasons why rural markets have continued to lag behind urban markets. The performance of the new age channels and some budding green shoots in the rural markets at the conclusion of the quarter, indicating early signs of a rebound in demand, have been the year’s two bright spots.
The company said that by raising prices by 6per cent over the course of the year, it had partially offset excessive inflation. To mitigate the effects of price increases on consumption, consumer discounts were made available, which led to flattish value-weighted volumes for both the fourth quarter and the year, it was stated. The company’s F&B business increased by 30 percent during the year. The company added that its market share in the oral care industry has reached 15.8per cent, making it the No. 2 player overall with a 50.8per cent penetration rate. The home care industry had a gain of 23.4per cent as the year ended.