FMCG major Dabur India on Wednesday released its fiscal fourth quarter earnings report with profit at Rs 312.73 crore, missing estimates. This was 8.35 per cent lower in comparison to Rs 341.22 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 2,830.14 crore, marginally higher than Rs 2,814.64 crore recorded during the fourth quarter of previous financial year. The company EBITDA stood at Rs 426.8 crore.
According to a CNBC TV18 poll, Dabur was expected to post Q4 profit at Rs 329 crore and revenue for the quarter in review was estimated at Rs 2,840 crore.
In a regulatory filing, the company said that while the demand environment remained challenging with high food inflation and a surge in cost of living, Dabur ended the fourth quarter of FY25 with market share gains across 90 per cent of the portfolio. The FMCG demand trends remained subdued during the fourth quarter and full year 2024-25. Despite this, Dabur posted 2.1 per cent Constant Currency revenue growth at Rs 2,830 crore. Revenue for the full year stood at Rs 12,563 crore, up from Rs 12,404 crore a year earlier. On a Constant Currency basis, the full-year revenue marked a 3.6 per cent growth.
Mohit Malhotra, Chief Executive Officer, Dabur India, said, “Despite facing some pressures in the India business, our international business enabled us to successfully navigate the complex external environment. Our international business achieved 19 per cent Constant Currency growth in the fourth quarter and 17 per cent during the full year. We expect consumer demand in India to recover progressively in the coming quarters, both in urban and rural markets. We are focusing on strengthening our competitive edge in the marketplace by investing in scaling up our rural footprint and rolling out consumer centric innovations.”
Growth across categories
Dabur’s Foods business reported an over 14 per cent growth during the quarter, while the Skin & Salon business grew by 8 per cent. The Shampoo business ended Q4 with around 4 per cent jump. The Badshah portfolio recorded around 11per cent volume growth during the quarter.
The company posted 261 bps gain in Juices & Nectars market share to end at 60.6 per cent. Dabur’s share of the Hair Oils market rose 196bps to the highest-ever 19.1 per cent market share. It also gained 15bps market share in the Toothpaste category while the air-freshener market share posted a gain of 67bps. Dabur Glucose ended with 112bps market share improvement.
“We remain committed to modernizing our core portfolio, driving premiumization, and plugging white spaces in our home & Personal Care, HC and F&B business verticals. In addition, we are refining our Go-To-Market strategy to respond to the changing channel dynamics in urban India,” he added.
Dividend announcement
The Board of Directors of Dabur recommended a final dividend of Rs 5.25 per equity share having face value of Re 1 each (i.e.525 per cent) for the financial year 2024-25, taking the total dividend for 2024-25 to 800 per cent. “In line with our payout policy, the Board has proposed a dividend of Rs 5.25 per share, aggregating to Rs 1,417.86 crore,” Dabur India Group Director PD Narang said.