Dabur India reports 9 per cent PAT growth
Dabur India reported its third quarter result of FY20 today. During a challenging market environment, the company delivered a healthy performance. Its consolidated revenue for the quarter grew by seven per cent YoY to Rs 2,353 crore.
The company recorded 5.6 per cent growth in India’s FMCG business in both value and volume. Further, the international business grew by 12 per cent on CC basis. In terms of segmental revenue, healthcare and home & personal care reported 10.7 per cent and 3.5 per cent YoY growth, respectively. However, foods division witnessed a decline of 1.7 per cent YoY.
EBITDA for the quarter grew by nine per cent YoY to Rs 567.4 crore with a corresponding margin expansion of 40 bps. EBITDA margin for the quarter was at 24.1 per cent.
Net profit for the quarter improved to Rs 397.7 crore from Rs 366.1 crore in Q3FY19, up by 8.6 per cent. PAT margin for the quarter too improved to 16.9 per cent.
The stock of Dabur in today’s trading session witnessed a selling pressure post the announcement of the result and went on to settle at Rs 478.5 apiece, down by 2.7 per cent from its previous close.