DABUR / Q4-FY24 / claim-ledger

Audit the questions that mattered.

Dabur · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ4-FY24 · 2024-05-08Back to quarter ↗

Questions audited

Answered directly

96%

Numeric claims

Consistency

consistent

Question ledger

What was answered, and how?

Abneesh Roy · Nuvama

direct

Beverages decline and outlook for double-digit growth in FY25.

we have taken a target of double-digit growth for the full year going forward for the beverage business.

Abneesh Roy · Nuvama

direct

Badshah growth and margin outlook for FY25.

Overall, we've taken a value growth of more than 20% in Badshah ... we think the margins in Badshah will expand next year

Abneesh Roy · Nuvama

direct

Oral care growth drivers and market share dynamics.

We've gained around 20 basis points in oral care. ... Patanjali would have gained market share ... Colgate in my mind has lost market shares.

Mihir Shah · Nomura

direct

Rural recovery and organized vs unorganized share dynamics.

I think rural recovery should continue ... dividends will be more in organized going forward.

Mihir Shah · Nomura

direct

Volume growth outlook for Dabur.

we've taken a target of a mid-volume growth, mid to high volume growth ... mid- to high single-digit volume growth

Mihir Shah · Nomura

direct

Gross margin tailwinds and margin outlook.

we've seen 280 basis points of gross margin inching up ... we should see around INR 100 crore benefit again coming in this year on back of cost saving.

Arnab Mitra · Goldman Sachs

direct

Health supplements decline and Chyawanprash issues.

Chyawanprash is a relative problem. I think the weather did not support us ... we are modifying the format.

Arnab Mitra · Goldman Sachs

direct

Update on US legal case and expected costs in FY25.

This year, we've incurred a cost of INR 105 crores, and next year, this will continue ... we've taken a budget of roughly around INR 80-odd to INR 80 crores-INR 90 crores

Harit Kapoor · Investec

direct

Distribution expansion pace and future focus.

distribution expansion is our very key strategy growth pillar ... huge headroom available to take up 14 lakhs to something like around 20 lakhs.

Harit Kapoor · Investec

direct

Pricing outlook for FY25.

the weighted average of that will be around 3% for the full year, through the year.

Vivek Maheshwari · Jefferies

partial

Long-term earnings growth model and volume assumptions.

the volume should be around mid to high, and 7.5 should be the volume ... a better mix would be a five and a five and a five and a four

Vivek Maheshwari · Jefferies

direct

Why Q4 margins are significantly lower post-pandemic.

business salience used to be 25% in Q4. Today, at this peak, it is 22.7%.