On a high 25 per cent year-over-year basis, Dabur India Ltd reported a 7.7% increase in consolidated revenue for the fourth quarter ended March 31, 2022. The full-year consolidated income for 2021-22 increased by 14% year over year to surpass Rs 10,000 crore.
The company claimed the consolidated sales for the quarter had a two-year CAGR of 16.2 per cent, highlighting the business’s adaptability and resilience even in a difficult environment.
Net profit before unusual items for the fiscal year 2021-22 increased 7.7% to Rs 1,824 crore, up from Rs 1,693 crore the previous year.
The FMCG major spent Rs 150.33 crore on advertising during the quarter, compared to Rs 154.17 crore the previous year. The total advertising expenditure for the fiscal year is Rs 777.94 crore, down from Rs 784.36 crore the previous year.
“The biggest problem throughout the quarter was the substantial increase in input costs. We tackled this problem with a combination of price and cost-cutting initiatives. These are difficult times, and we are pleased to have made significant progress with consumer-centric innovations to increase our total addressable market and market share across 99°A of our product portfolio. With new launches accounting for 5% of our revenue, innovation remained a cornerstone of our strategy. Dabur had a good year in 2021-22, with industry-leading revenue growth of 13.8 per cent in our India business and underlying FMCG volume growth of 10.1 per cent for the entire year.” Dabur India Ltd Chief Executive Officer Mohit Malhotra remarked. “We also completed the year with a 15.8°A Constant Currency increase in the International Business” he said.
“Following focused execution, rapid consumer-centric innovation, and enhanced digitalization, we have delivered excellent organic growth with broad-based market share gains.” Despite near-term concerns about rising inflationary pressures and a resulting consumer slowdown, Dabur will continue to invest in its Power Brands, as well as expand its rural footprint and improve its go-to-market strategy, to drive sustainable, profitable growth in the future, Malhotra said.
During the quarter, Dabur’s Food & Beverage business grew by 33.5 per cent, while its Juices & Beverages business grew by 35 per cent. The Home Care business grew by 11% in the third quarter, thanks to an excellent performance from air fresheners. The Health Supplements business grew 9.7% in Q4 2021-22, thanks to strong demand for flagship products like Dabur Honey and Dabur Glucose, while the OTC portfolio grew 17%.