Dabur Ltd's Q3 net profit dips 5 percent to Rs 476 crore

By

Maverick Martins

Published
Feb 2, 2023

Dabur India witnessed a 5 percent decline in consolidated net profit for the December quarter to Rs 476 crore ($58 million), as against Rs 503 crore it posted during the previous quarter ended December 2021.

The company’s revenue for the quarter rose by 3 percent to Rs 3,043 crore, as against Rs 2,942 crore reported in the corresponding period of the previous fiscal year.

Commenting on the Q3 results, Mohit Malhotra, CEO of Dabur Ltd in a statement said, “We have delivered steady results in what continues to be a difficult cost and operating environment. We continued to adjust prices responsibly to reflect inflation. The impact of inflationary pressures was more pronounced in the rural markets.”

“However, we believe that this demand slump in rural areas has bottomed out as we are now seeing some green shoots of revival in the hinterland. The company is hopeful of rural demand seeing a smart recovery on the back of a record farm output and increased government spending. Meanwhile, urban growth will be driven by softening of inflation and buoyancy in new-age channels like modern trade and e-commerce,” he added.

Dabur retails a wide range of personal care brands including Vatika, Fem, Babool, Odonil, and Dabur among others. With a pan-India presence, the brand is positioned in the value to mid-segment of the market.