Leading FMCG player, Dabur India reported Q4 FY24 net profit of Rs 350 crore from Rs 301 crore in Q4 FY23, up 16.2% YoY. Strong execution of Power Brand strategy, increased premiumisation, and distribution footprint expansion coupled with the benefits of stringent cost reduction helped the quarterly performance.
The company’s Q4 revenue from operations grew over 5% YoY at Rs 2,814.64 crore from Rs 2,677.80 crore in Q4FY23.
Premiumisation a key factor for Dabur
Mohit Malhotra, Chief Executive Officer of Dabur India said, “We have been investing heavily behind 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.”
Premium products account for 18% of Dabur’s portfolio. Dabur India FMCG Business posted a volume growth of 5.5% for the full year. The India Business saw key brands and products post category-leading growths with market share gains across 95% of the portfolio.
Dividend announced
The board has proposed a dividend of Rs 2.75 per share aggregating to Rs 487.31 crore.