Dabur India Ltd Share Price – NSE  /  BSE

FMCG, Mid Cap

The FMCG major said that the quarter saw sequential improvement in demand trends with rural growth picking up. With forecast of a normal monsoon and continued focus by the government on macro-economic growth, the firm expects the improvement to accelerate in the coming months.

The company added that its India business is expected to record mid-single digit volume growth.

In India business, HPC & Healthcare business, is expected to grow in high-single digits. Travel and out of home consumption got impacted due to scorching summers, which had an impact on the company’s beverage segment although the food (culinary) category showed good momentum. Badshah masala continued to perform well and is expected to post strong volume led growth in high teens, it added. Dabur’s international business is expected to post strong growth in constant currency terms. However, severe currency depreciation in Turkey and Egypt continued to have an impact on translated growth.

Commodity prices were stable during the quarter. Gross margins are likely to witness some expansion on account of roll over price increases and cost-saving initiatives. The business continued to invest strongly behind the brands with advertising & promotional (A&P) spends growing ahead of revenue. Consequently, the operating profit is expected to grow marginally ahead of revenue, the company stated in the press release.

Further, the FMCG company said that it continues to focus on its strategy to increase its distribution reach, invest aggressively on the firm’s key brands and drive increase in its market shares across the portfolio.

Dabur India is among the top four FMCG companies in India. It has business interests in healthcare, personal care and food products. The company offers products in over 100 countries across the globe, covering health and personal care segments across the herbal and natural space.

The company’s consolidated net profit jumped 16.2% to Rs 350 crore in Q4 FY24 as compared with Rs 301 crore in Q4 FY23. Revenue from operations increased 5.11% YoY to Rs 2814.64 crore in the quarter ended 31 March 2024.

The scrip advanced 3.73% to currently trade at Rs 629 on the BSE.

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Securities in F&O ban: Aditya Birla Fashion and Retail (ABFRL), Bandhan Bank, GNFC, Piramal Enterprises, India Cement and Hindustan Copper.

Dabur India witnessed sequential improvement in demands trends with rural growth picking up, consolidated revenue expected to register mid to high single-digit growth, India business expected to record mid-single digit volume growth, In India business, HPC & Healthcare segment expected to grow in high-single digits, gross margins likely to witness some expansion, operating profit expected to grow marginally ahead of revenue for the end of Q1 FY24.

Titan Company’s jewellery business jumped 9% year-on-year in Q1 FY25, the watches and wearables business increased 15% year-on-year, the Eyecare business grew 3% YoY in Q1 FY25,Carat Lane business jumped 18% YoY, emerging business grew 4% YoY during the period under review. TCL business grew 9% YoY in Q1 FY25.

Marico’s international business delivered double-digit growth constant currency growth, consolidated revenue grew in high single digits, operating operating profit expected to grow slightly ahead of revenue, gross margin to expand on a year-on-year basis, expecting consolidated revenue growth to trend upwards during the year for the end of Q1 FY25.

Tata Motors’ JLR wholesales volume increased 5% YoY to 97,775 units in Q1 FY25 and JLR retail sales up 9% at 1.11 lakh units, for the end of Q1 FY25.

Adani Wilmar saw volume growth of 13% year-on-year, and branded exports volume grew 36%, Food & FMCG business volume grew 23% after normalisation. Segment-wise, the company’s edible oil volume increased 13% YoY, while the sales value for the segment jumped 10% YoY.

Info Edge (India)'s standalone billings increased by 10.78% to Rs 579.4 crore in Q1 FY25 compared with Rs 523 crore in Q1 FY24. Segment-wise, recruitment solutions segment stood at Rs 431.4 crore (up 8.53% YoY) while the real estate segment’s (99acres) billings were at Rs 81 crore (up 10.35% YoY) and Rs 67 crore (up 28.6% YoY) came from other business segments.

Bank of Baroda’s domestic advances up 8.5% year-on-year at Rs 8.81 lakh crore, domestic deposits up 5.3% at Rs 11.05 lakh crore, Global advances up 8.1% at Rs 10.71 lakh crore, Global deposits up 8.8% at Rs 13.05 lakh crore, for the end of Q1 FY25. The company also approved raising up to Rs 10,000 crore via long-term bonds and approved raising additional capital to Rs 7,500 crore.

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Dabur said that the quarter saw sequential improvement in demand trends with rural growth picking up. With forecast of a normal monsoon and continued focus by the government on macro-economic growth, the firm expects the improvement to accelerate in the coming months.

The company added that its India business is expected to record mid-single digit volume growth.

In India business, HPC & Healthcare business, is expected to grow in high-single digits. Travel and out of home consumption got impacted due to scorching summers, which had an impact on the company’s beverage segment although the food (culinary) category showed good momentum. Badshah masala continued to perform well and is expected to post strong volume led growth in high teens, it added.

Dabur’s international business is expected to post strong growth in constant currency terms. However, severe currency depreciation in Turkey and Egypt continued to have an impact on translated growth.

Commodity prices were stable during the quarter. Gross margins are likely to witness some expansion on account of roll over price increases and cost-saving initiatives. The business continued to invest strongly behind the brands with advertising & promotional (A&P) spends growing ahead of revenue. Consequently, the operating profit is expected to grow marginally ahead of revenue, the company stated in the press release.

Further, the FMCG company said that it continues to focus on its strategy to increase its distribution reach, invest aggressively on the firm’s key brands and drive increase in its market shares across the portfolio.

Dabur India is among the top four FMCG companies in India. It has business interests in healthcare, personal care and food products. The company offers products in over 100 countries across the globe, covering health and personal care segments across the herbal and natural space.

the company’s consolidated net profit jumped 16.2% to Rs 350 crore in Q4 FY24 as compared with Rs 301 crore in Q4 FY23. Revenue from operations increased 5.11% YoY to Rs 2814.64 crore in the quarter ended 31 March 2024.

The scrip rose 0.03% to end at Rs 606.40 on Friday, 5 July 2024.

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Dabur India announced that the Annual General Meeting (AGM) of the company will be held on 8 August 2024.

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