Beverage weakness due to unseasonal rains
Beverage portfolio declined ~1.6% in Q1 due to unseasonal rains in North and West India; full-year growth may be muted if weather patterns persist.
DABUR / Q1-FY24 / risks
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Dabur · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Honey purity controversy
Recent study questioned Dabur Honey purity; management strongly refutes claims but reputational risk remains, though past controversies led to market share gains.
US litigation on hair relaxer products
Subsidiary Namaste LLC named in lawsuit alleging harmful effects of hair relaxers; portfolio is <1% of revenue and insured, but legal outcome uncertain.
Input cost inflation in food basket
Spices inflation at 19% and fruit concentrate inflation impacting food margins; may offset deflation in other raw materials.