DSIJ Mindshare

Dabur posts Q1 results with marginal gaps

Dabur India, the FMCG giant, has posted marginally lower QoQ revenues and net profits while marginally higher YoY numbers in its first quarter results. The stock of Dabur surged more than 1 per cent post the announcement and closed at 306.55 levels. The stock has just corrected from its all-time high and is hovering around those levels, keeping the trend positive for now.

The consolidated revenues of Dabur India have dropped 2.8 per cent at Rs 1923.92 crores for Q1FY17 as against Rs 1980.02 crores in the previous quarter. Segment wise Consumer Care business has seen a drop from Rs 1640.59 crores  in the previous quarter to Rs 1547.79 crores in Q1FY17. Food business however, has seen a rise to Rs 323 crores from Rs 272.58 crores in Q4FY16.

Company’s EBITDA too has dropped 16 per cent from Rs 415.21 crores to Rs 348.83 crores for Q1FY17. Fall in EBITDA was driven by increased direct costs amid increased advertising expenses and raw material expenses. Net profits for Q1FY17 have come in at Rs 292.80 crores as against Rs 331.48 crores for Q4FY16 with a decrease of 11.7 per cent.

Considering year on year numbers, Dabur India has seen a growth in both revenues and net profits. The revenues have increased 1.2 per cent from Rs 1901.7 crores in the corresponding quarter of previous year; while net profits have risen by 11.8 per cent in Q1FY17  from Rs 261.84 crores in Q1FY16.

Dabur has shown consistent performance despite of competition from peers and also unlisted peers like Patanjali. Recently, the company has forayed into fizzy drink segment with launch of range of fruit juice based aerated beverages under brand ‘Real’.

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