Dabur India Ltd Q4 Results Update
On 5th May 2022, Dabur India Ltd announced its quarterly results for the last quarter of FY2022.
- Dabur reported a Consolidated revenue with a growth of 7.7% at Rs 2,518 Crore in Q4FY22, up from Rs 2,337 Crore in Q4FY21.
- For FY22, Dabur reported a Consolidated Revenue of Rs 10,889 Crore with a growth of 14%.
- Net Profit before exceptional items for FY22 fiscal reported a 7.7% jump to Rs 1,824 Crore, up from Rs 1,693 Crore in FY21.
- An impairment of Goodwill in respect of Hobi Kozmetic, Turkey, amounting to Rs 85 Crore was provided to Dabur, due to the steep devaluation in Turkish currency over the past one year. Including this impairment, reported Net Profit for Q4FY22 stood at Rs 294 Crore. Despite the high currency devaluation notwithstanding, Dabur's Turkey business reported a strong operational performance with a 47% growth in local currency during the quarter.
- Dabur's Food & Beverages business reported a 33.5% growth during the quarter with its Juices & Beverages business growing by 35%.
- The Home Care business, riding on a strong performance of air fresheners, ended the quarter with an 11% rise.
- The Health Supplements business, riding on strong demand for flagship brands like Dabur Honey and Dabur Glucose, ended up 9.7% during Q4 FY22, while the OTC portfolio ended up 17%.
Despite the consumption slowdown and shrinkage in overall demand, Dabur reported market share gains across 99% of its product portfolio. In juices and nectars, Dabur grew ahead of the category and improved its market share by 610 bps. Dabur also reported a 250 bps gain in its Chyawanprash market share and a 40 bps gain in shampoo market share during the quarter.
Dabur's International Business continued to move ahead on the growth trajectory with a 10.7% jump in Constant Currency terms and a 2-year Constant Currency CAGR of 17%. The Egypt business grew by over 12%, while the Namaste business was up 11% and the Turkey business posted a growth of over 47%
"The dramatic rise in input costs was the major challenge during the quarter. We responded to this challenge with a mix of pricing actions and cost control measures. These are challenging times, and we are happy to have progressed well in this journey with consumer-centric innovations to expand our total addressable market and gain market share across 99% of our product portfolio. Innovation continued to be the cornerstone of our strategy with new launches contributing to 5% of our Revenue. The year 2021- 22 was a strong year for Dabur as we ended with an industry-leading Revenue growth of 13.8% in our India Business, with an underlying FMCG Volume Growth of 10.1% for the full year. We also ended the year with a 15.8% Constant Currency growth in the International Business," Dabur India Ltd Chief Executive Officer Mr. Mohit Malhotra said.
The Board of Directors recommended a Final Dividend of 270%, taking the Total Dividend for FY22 to 520%.
On Friday the share price of Dabur India Ltd declined by 2.19%.
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DisclaimerInvestment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
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