However, this gap has reduced significantly, Dabur India CEO Mohit Malhotra said.
Consumer goods-maker Dabur India reported a rise in first-quarter profit on Thursday as easing inflation propped demand. The company’s consolidated net profit rose 5.4 per cent on an annual basis to Rs 464 crore in the quarter ended June 30.
Dabur’s revenue in April-June rose nearly 11% to Rs 3,130 crore, led largely by growth in its consumer care business which includes products such as hair oil and toothpaste. The company’s consumer care business accounts for more than three-fourths of its revenue.
“We continue to see strong consumer engagement with our brands, helping them grow significantly ahead of the market and report market share gains across 90% of the portfolio,” Malhotra said.
The company’s international business saw a growth of 20.6 per cent in constant currency terms, with Turkey, Egypt, Sub-Saharan Africa and MENA regions growing 51.2 per cent, 45.7 per cent, 13 per cent and 10.2 per cent growth each.Dabur’s beverage business was impacted due to unseasonal rainfall in north and west India, even as it gained market share gain in juices and fruit drinks market. The company said that the addition of Badshah Masala, which saw a 24 per cent growth, added to the growth momentum in its foods category.Its bevereages business saw a 2 per cent growth in Q1 while foods grew 35 per cent, excluding Badshah Masala.
Category-wise growth details:
- Honitus reported 24.3 per cent growth
- Digestive business was up 14.3 per cent
- Home Care business grew by 14.5 per cent
- Oral Care portfolio up by 12.7 per cent
- Hair Care portfolio grew by 10 per cent
- Foods business grew by 35 per cent, the beverages portfolio was impacted by the unseasonal rains.
