industry

Dabur India business to see high single-digit revenue growth on a very high base


Packaged consumer goods maker Dabur’s India business is expected to report high single-digit revenue growth on a very high base of 35.4% for the quarter ended June 30, 2022, the company said in a quarterly update on Wednesday. The maker of Real juice and Vatika shampoo said in a stock exchange filing that amid the challenging macro environment, ‘s India business has been fairly resilient.

It said it expects to see mid single-digit volume growth in the domestic market and high single-digit revenue growth in its international business.

“The foods and beverages vertical has seen strong double-digit growth in the quarter on the back of improving out-of-home consumption, innovation and intense summer season. The home and personal care portfolio is expected to record high single to low double-digit growth,” the company said, adding that it continues to gain market share across most segments it operates in.

It said it continues to target higher than industry growth on a medium to long term perspective with stable margins, although there are near term inflationary pressures. “In spite of high inflation and near-term consumption pressure, the company will continue to invest behind power brands, innovation, distribution expansion and a strong backend,” it said.

Consumption pressure continued on account of unprecedented inflation, which impacted share of the income available for spending on consumer staples, the company noted in its performance update.



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