Dabur's FMCG business surges 35.4% in Q1 21-22
Continued investments behind the power brands and increasing distribution footprint, coupled with a structured and balanced approach to driving cost management, helped Dabur overcome the challenging context of Covid second wave and report a strong topline and bottomline performance in the quarter ended 20 June 2021. Despite the mobility restrictions and disruptions due to localised lockdowns, Dabur ended Q1 of 2021-22 with a robust 32% surge in consolidated revenue at Rs 2,612-crore, up from Rs 1,980-crore. Consolidated net profit for the first quarter reported a 28% growth at Rs 437-crore, up from Rs 342-crore a year earlier.
03 Aug 2021 | By Rahul Kumar
Dabur’s FMCG Business grew by 35.4%, with an underlying volume growth of 34.4% in the first quarter of 2021-22.
“Riding on the strength of its strategic business transformation exercise, Dabur demonstrated renewed agility and resilience in the face of the second wave of Covid-19. We applied learnings from last year on streamlining the supply chain to ensure minimal disruption in supplies while firmly focusing on delivering volume-led profitable growth. Our operating margin reported a 32.5% growth during the quarter, which marked a 10-bps gain despite high inflationary pressures. Our pre-tax profit also grew by a robust 34% during the quarter,” Mohit Malhotra, chief executive officer, Dabur India, said.
Dabur continued to post strong growth and market share gains across all key verticals like healthcare, home care, personal care and foods in Q1 2021-22. Ecommerce reported an over 100% growth and today contributes to 8.2% of the India FMG business. “While the operating environment was challenging and the competitive intensity high, we have successfully tapped the growth opportunities to deliver a strong performance during the quarter. We continue to invest ahead of the curve in expanding our rural footprint. We have expanded our rural coverage by 16%, from 60,000 villages at the end of 2020-21 to 69,000 villages in Q1, 2021-21. We plan to further expand it by 33% to 80,000 villages over the next two years,” Malhotra added.