Net sales down 4.8% y-o-y to Rs 1,909 cr due to economic slowdown in GCC markets
Dabur India (Dabur)'s consolidated March 2017 quarter (Q4) results were a bit disappointing, even as it had a few surprises for investors. On the positive side, Dabur sustained market share gains for the second quarter in a row across its key categories such as Oral care, Hair oils, Juices and Home care, even as competitive intensity remained high. The company even managed to recover some market share lost to Patanjali in the honey segment. Secondly, as compared to analysts' expectation of a contraction, operating profit margin witnessed healthy expansion aided to some extent by falling advertisement spends (as a per cent of sales), employee costs as well as other expenses. As a result, the company's operating profit margin came in at 21.9 per cent, highest over the past 7-8 quarters. That's where the good news ends. The 2.4 per cent domestic volume growth was a disappointment. While it comes on a high base of 7 per cent in the March 2016 quarter and was better than the decline of 5 ..
Consolidated sales dipped 6.1% during the quarter to Rs 1,847.7 crore
Company had posted a net profit of Rs 317.58 cr in Oct-Dec period of 2015, Dabur India said
Dabur India stock was trading 2.9% up at Rs 292.7 on BSE
Ramps up production, marketing and research
Interview with Chief Executive Officer, Dabur India