Dabur delivered another quarter with steady revenue growth despite significant and increasing cost headwinds taking a toll on consumer purchases. The company reported a consolidated revenue growth of 7.7% at Rs 2,518-crore in the fourth quarter of 2021-22 financial year, up from Rs 2,337-crore in the same quarter a year ago. Consolidated Revenue for the quarter reported a two-year CAGR of 16.2%, reflecting the remarkable agility and resilience the business continues to demonstrate even in a tough market.
Riding on consistent performance, backed by sustained efforts to drive demand for our brands, Dabur ended the full-year 2021-22 with a consolidated revenue of Rs 10,889-crore, up 14% from Rs 9,562-crore in 2020-21. Net Profit before exceptional items for the 2021-22 fiscal reported a 7.7% jump to Rs 1,824-crore, up from Rs 1,693-crore a year ago.
“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,” Mohit Malhotra, chief executive officer, Dabur India, said.
Innovation continued to be the cornerstone of its strategy with new launches contributing to 5% of the 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,” Malhotra said.
He added that the company reported strong organic growth, with broad-based market share gains, following disciplined execution, rapid consumer-centric innovation and increased digitalisation. “Despite the near-term concerns around heightening inflationary pressures and a resultant consumption slowdown, Dabur will continue to plough investments behind our power brands, coupled with investment in expanding the rural footprint and enhancing the go-to-market approach to drive sustainable, profitable growth, going forward,” he said.
Dabur has invested ahead of the curve in expanding its rural coverage and today reaches around 90,000 villages. “We have added 30,000 new villages to our network in the past one year alone,” Malhotra said.