Dabur India Q3 Results Review - Marginal Beat: Axis Securities

Axis Securities Report

Dabur India Ltd.’s consolidated revenue grew 3.4% YoY to Rs 3,043 crore, with its domestic business growing by 3% (volume declined 3% YoY) on account of delayed winter and weak rural demand.

International business grew 14% YoY (in constant currency terms). The management highlighted that the delayed winter coupled with higher rae material inflation impacted the overall mix as well as the company’s gross margins which stood at 45.5% (down 283 bps YoY).

Ebitda margins declined 128 basis points YoY to 20% and profit after tax came in at Rs 476 crore, up 1% YoY.

Health care business grew 3% YoY, impacted largely by health supplements and over-the-counter; home and personal care grew 2% YoY, impacted by the skin and hair oil portfolio; food and beverage grew 6% YoY.

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More Research Reports On Dabur India's Q3 FY23 Results Review

• Sluggish Volume, Margin Performance; Better Pricing, Mix To Drive Recovery: Systematix

• Weak Rural Demand Dents Volumes; But Outlook Getting Better: Motilal Oswal

• Market Share Gain Continues: Dolat Capital

• Multiple Headwinds Led To A Subdued Quarter: ICICI Securities

• Rural Revival Holds Key To Re-Rating: Prabhudas Lilladher

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