Dabur Q2 profit down 17.6% to ₹417.5 cr impacted by inflation, squeeze in urban demand
The Hindu
Dabur India's Q2 net profit declines 17.65% due to high food inflation, rural demand outpaces urban demand.
Homegrown FMCG major Dabur India Ltd on Wednesday (October 30, 2024) reported a decline of 17.65% in its consolidated net profit to ₹417.52 crore in the September 2024 quarter on account of high food inflation and squeeze in urban demand.
The company had posted a net profit of ₹507.04 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing.
Its revenue from operations slipped 5.46% to ₹3,028.59 crore during the quarter under review. It was ₹3,203.84 crore in the corresponding quarter of the previous fiscal.
Dabur India's total expenses were at ₹2,634.40 crore, down 1.31% in the September quarter.
"Despite a challenging demand environment marked by high food inflation and a resultant squeeze in urban demand, Dabur continued to drive consumer engagement across its key brands to end the second quarter of 2024-25 with a consolidated revenue of ₹3,029 crore," Dabur said in its earnings statement.
Its standalone revenue from operation, which mainly consists of the domestic business, was 8.17% lower at ₹2,143.58 crore in the September quarter.
"Our focused approach towards expanding our rural footprint to over 1.22 lakh villages reaped rich dividend as rural demand outpaced urban demand by 130 bps during the quarter," its CEO Mohit Malhotra said.
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