Dabur Q4 consolidated net profit surges 16.2% to Rs 350-crore

India’s leading science-based Ayurveda major Dabur India’s full-year 2023-24 consolidated revenue crossed the Rs 12,000-crore mark to end the year at Rs 12,404-crore. This marks a 7.6% jump over the previous year’s Rs 11,530-crore.

31 May 2024 | By Rahul Kumar

The operating profit has shown a 13.9% improvement during the quarter

The full-year consolidated revenue growth stands at 10.1% on a constant currency basis. The consolidated net profit for 2023-24 reported a 7.9% jump to Rs 1,843-crore, from Rs 1,707-crore a year ago.

Strong execution of its power brand strategy, increased premiumisation, and distribution footprint expansion coupled with the benefits of our stringent cost reduction actions helped Dabur India report a steady performance during the fourth quarter and the full year 2023-24. 

The operating profit has shown a 13.9% improvement during the quarter. Dabur quarterly net profit surged 16.2% to Rs 350-crore, up from Rs 301-crore a year earlier. Q4 consolidated net profit, on a like-to-like basis, reported a 22.7% upsurge to Rs 370-crore.

Consolidated revenue for the quarter registered a 7.3% jump on a constant currency basis. Revenue stood at Rs 2,815-crore, up 5.1% on INR basis from Rs 2,678-crore a year earlier. 

“We've ended the year with a steady performance, underscoring the power of the Dabur's brands. We have been investing heavily in our brands, which increased by 33%, to drive demand and also sustain the growth momentum. This has helped us deliver steady sales and profit growth in the fourth quarter despite multiple headwinds. We continued to execute on our strategic playbook by driving operational excellence, delivering innovative and premium products, and expanding our retail footprint to build the foundation for long-term profitable, sustainable growth,” Mohit Malhotra, CEO, Dabur India said.

Tags : Dabur India;