Dabur Q2 FY22 Results: Profit jumps 5%, revenue up 12% amid double digit volume growth
The company posted growth on all fronts including volume growth, while its margins for the quarter slipped marginally by 60 basis points year-on-year basis on Tuesday.
Fast-moving consumer goods Dabur reported healthy numbers during the July-September quarter of the financial year 2021-22. The company posted growth on all fronts including volume growth, while its margins for the quarter slipped marginally by 60 basis points year-on-year basis on Tuesday.
On a consolidated basis, Dabur’s net profit grew by around 5 per cent to Rs 505.3 crore as compared to Rs 482.8 crore in the same quarter a year ago period. Similarly, its revenue jumped 12 per cent to Rs 2817.6 crore as against Rs 2516 crore in the corresponding quarter in the year-ago period.
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The company in its release statement said, “All verticals of the business, from Ayurvedic medicines to Hair Care, Oral Care, Home Care and Food & Beverages, reported a growth in sales and market share with volume growth of 10 per cent in the domestic FMCG business.”
Similarly, the company’s EBITDA grew by 9 per cent to Rs 620.7 crore as compared to Rs 569.4 crore in Q2FY21, while the margin slipped 22 per cent from 22.6 per cent YoY.
The company in its release statement said, “All verticals of the business, from Ayurvedic medicines to Hair Care, Oral Care, Home Care and Food & Beverages, reported a growth in sales and market share with volume growth of 10 per cent in the domestic FMCG business.”
Dabur continues to invest in expanding its rural footprint and strengthening its digital capabilities. The investments bore rich dividend with rural demand outpacing urban demand during the quarter, and ecommerce contribution to domestic sales reaching 7 per cent, the management said.
Dabur's International Business reported a Constant Currency growth of 13.8 per cent during the second quarter, led by Sub-Saharan Africa (25 per cent), Egypt (17.8 per cent), SAARC (17.6 per cent), Namaste (16.7 per cent) and MENA (12.8 per cent).
"Continuing with our payout policy, the Board has declared an Interim Dividend of Rs 2.50 per share, aggregating to a total payout of Rs 441.98 crore," Dabur India Vice-Chairman Mohit Burman said.
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