Dabur India Ltd, a prominent homegrown FMCG company, reported a 16.2 percent surge in its year-on-year (YoY) net profit, totaling INR 349.53 crore for the quarter ended on March 31, 2024. This marks a significant increase from the company’s net profit of INR 300.83 crore in the corresponding period last year.
In the March 2024 quarter, the revenue from operations of the homegrown Ayurveda major saw a 5.3 percent year-on-year (YoY) increase, reaching INR 2,814.64 crore. This is compared to its topline of INR 2,672.80 crore in the corresponding quarter of the previous fiscal year.
According to the company’s announcement in the exchange filing, the board of directors at Dabur India has recommended a dividend of INR 2.75 per share, amounting to INR 4871.31 crore for the shareholders. However, it noted that the dividend payout is subject to approval by the shareholders. The announcement also mentioned that the record date for this dividend will be announced later.
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During the quarter, Dabur India’s operating profit has shown a 13.9 percent improvement.
In the entire fiscal year, Dabur India’s FMCG business registered a volume growth of 5.5 percent. Key brands and products within the Indian market exhibited category-leading growth, leading to market share gains across 95 percent of the portfolio. Dabur highlighted its investment in expanding its presence in rural areas.
Throughout the financial year 2024, Dabur India disclosed a net profit of INR 1,843 crore, marking a 7.9 percent year-on-year increase from INR 1,707 in FY23. The company’s consolidated revenue also saw a rise of 7.58 percent, reaching INR 12,404 crore in FY24, compared to INR 11,529.89 crore in the previous fiscal.
After the results were announced, Dabur India’s shares surged by 5.65 percent to INR 536.20 on Thursday, resulting in a total market capitalization of more than 93,000 crore.
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