Homegrown FMCG major Dabur India on Thursday reported a 16.55 per cent jump in its consolidated net profit to Rs 341.22 crore for the March 2024 quarter, aided by cost optimisation and expansion of the distribution network. Its revenue from operations during January-March 2024 rose 5.11 per cent to Rs 2,814.64 crore, against Rs 2,677.80 crore in the year-ago period.
Dabur India’s net profit had stood at Rs 292.76 crore in the corresponding quarter last year, according to a regulatory filing.
Dabur India’s total expenses stood at Rs 2,490.43 crore in Q4 FY24, up 3.67 per cent as compared to last year.
Total income of Dabur India in the January-March period was at Rs 2,943.49 crore, up 5.18 per cent. For the financial year ended on March 31, 2024, Dabur India’s net profit was at Rs 1,811.31 crore, up 6.46 per cent against Rs 1,701.33 crore in the year-ago quarter.
Its revenue from operation in FY24 was at Rs 12,404.01 crore, up 7.58 per cent, as against Rs 11,529.89 crore a year ago. With this, its consolidated revenue crossed the Rs 12,000 crore mark, said Dabur India in its earnings statement.
Strong execution of our Power Brand strategy, Increased premiumisation, and distribution footprint expansion coupled with the benefit of our stringent cost reduction actions helped Daubar to report a steady performance during the fourth quarter and the full year 2023-24, it said.
Shares of Dabur India rose by 4.03 per cent to settle at Rs 528 apiece on BSE on Thursday.
