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Revenue
₹3,355 Cr
verified against source
Revenue YoY
3.1%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Dabur India reported Q3 FY25 consolidated revenue growth of 3.1% YoY in INR terms, with India business growing 1.7% and volume growth of ~1.5%. International business grew 18.9% in constant currency. PAT grew 1.8% YoY. Growth was driven by HPC (5.7%), oral care (9.1%), and international markets, while healthcare was flat due to delayed winters impacting Chyawanprash and honey. Rural outperformed urban for the fourth consecutive quarter. Management expects sequential improvement and mid-single-digit value growth in Q4, with margin maintenance. Key risks include rising inflation (expected ~5%), competitive intensity in beverages, and potential slowdown in rural demand if food inflation persists.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects sequential improvement and mid-single-digit value growth in Q4, driven by price increases and volume recovery.
- Management aims to maintain current margin levels in Q4 through price increases and cost savings.
- Expects ~5% inflation and plans calibrated price increases across categories to offset input cost pressures.
- Partnered with McKinsey to refine three-year strategy, focusing on beverages and healthcare; exercise to conclude by end of FY25.
Risks flagged
- Inflation expected to rise to ~5% in FY26, impacting gross margins if not fully offset by price increases.
- Campa Cola's aggressive pricing and trade margins are pressuring Dabur's nectar portfolio, especially in out-of-home consumption.
- Urban consumption growth has moderated to ~5%, impacting categories like juices and healthcare supplements.
- High food inflation (~8%) could shift rural spending away from discretionary FMCG, impacting rural growth momentum.
Key quotes
- We are committed to driving profitable growth through strategic investments in brands, innovations, and operating efficiency aimed at delivering sustainable value and strengthening our leadership in the FMCG sector.
- When the pie is not growing, it's a fight, and competitive intensity moves up.
- We have partnered with leading consultancy firm McKinsey & Company to refine and align our strategy for the next three years in line with evolving dynamics.
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