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Dabur Q4 Review - Misses Estimates; Near-Term Remains Challenging: Nirmal Bang

Dabur Q4 Review - Misses Estimates; Near-Term Remains Challenging: Nirmal Bang

<div class="paragraphs"><p>Laundry Sanitizer by Dabur India Ltd. (Source: Company website)</p></div>
Laundry Sanitizer by Dabur India Ltd. (Source: Company website)

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Nirmal Bang Report

Dabur India Ltd.’s Q4 FY22 performance was below our expectations on all fronts. The operating environment remained challenging with inflation of 16% in Q4 FY22 and subdued consumer sentiments, especially in the hinterlands.

Domestic fast moving consumer goods volume grew by 2% YoY (below our estimate of 6%).

Further pricing actions during the quarter restricted the adverse impact of cost inflation on topline, leading to 7.6% YoY standalone revenue growth.

Dabur anticipates muted growth for the next two quarters. The international business registered constant currency growth of 10.7% YoY, leading to consolidated revenue growth of 7.7% YoY for Q4 FY22.

Click on the attachment to read the full report:

Nirmal Bang Dabur India-Q4FY22 Result Update- 6 May 2022.pdf

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