Dabur India posts 10 per cent revenue growth

Dabur India published a positive set of results for the financial year ended March 31, 2019. The consolidated revenues stood at Rs. 8,533 crore in FY19 as against Rs. 7,748 crore in FY18, posting a YoY growth of 10.1 per cent. Consequently, net profit rose 6.5 per cent to Rs. 1,446 crore in FY19 from Rs. 1,358 crore in FY18.

Overall, the company showcased volume growth of 11 per cent in the India FMCG business along with healthy gains in market shares across chief categories.

Adverse liquidity conditions dampened the recovery of the domestic market. The agrarian crisis too proved to be an obstacle. However, the company’s domestic business withstood the headwinds and registered steady growth and market share gains. Contrarily, the challenging macro-economic environment resulted in a subdued performance by the company’s international business.

The consolidated revenues stood at Rs. 2,128 crore in Q4FY19 as against Rs. 2,033 crore in Q4FY18, posting a YoY growth of 4.7 per cent. The consolidated Net Profit stood at Rs. 340 crore in Q4FY19 and was impacted by one-off exceptional charges. The standalone net profit rose 17.2 per cent to Rs. 414.3 crore in Q4FY19.

Segment wise, Dabur’s Hair Oils and Shampoos portfolio registered healthy growth of 13.7 per cent YoY in FY19. The Health Supplements business recorded a growth of 13.6 per cent while the Digestives category surged by 14.8 per cent. The Ayurvedic OTC and Ethicals business registered a growth of 13 per cent while the Toothpaste business grew 9.6 per cent in FY19. The Skincare business climbed 16.2 per cent in FY19 while the Home Care business was up 11.5 per cent in FY19.

The Board of Directors recommended a final dividend of 150 per cent of Rs. 1.50 per share. This aggregates to a total of Rs. 319.41 crore, including dividend tax.

On Thursday, the shares of Dabur India opened at Rs. 400.00 and hit a high and low of Rs. 400.00 and Rs. 377.00, respectively. The stock closed at Rs. 382.45, down 3.91 per cent.