Dabur Q4 Results: Net profit declines, Rs 2.7 per share dividend declared

Consumer goods major Dabur recently came out with its results for the quarter ended 31st March, 2023. Although revenues witnessed a yearly rise and surpassed the estimates marginally, net profits declined and missed the estimates.

Notably, the company cited the high inflationary environment and muted rural demand as factors that hurt the growth prospects of the company in the quarter.

In terms of share price performance, Dabur’s has been muted to say the least. In 2023 so far, the Dabur share price has declined by close to 6% while over the past year it is up marginally.

So, how did Dabur perform in terms of revenue growth? Why did Dabur profits decline? What was the Dabur dividend? Will the Dabur share price recover or will it continue to bleed post the Q4 results? Let’s try and decode!

Decoding Dabur Q4 Earnings

Dabur revenues:

• Dabur reported quarterly revenues of Rs 2,677.8 crores for the Jan - Mar ‘23 period. This denotes a growth of 6.4% from the previous year. This marginally surpassed the consensus estimate of Rs 2,670 crores.
   
• The consumer care business cornered most of the revenues (about 78.3% of the total revenues) for the company at Rs 2,096.65 crores. However, it witnessed just a marginal growth from the previous year’s figure of Rs 2,095.15 crores.
   
• Another major contributor to the revenues was the Foods Business at Rs 521.17 crores (about 19.5% of the total revenues). Moreover, it grew by 44.8% from the previous year. Interestingly, this segment witnessed the highest yearly growth among all the segments of the company.

Dabur profits: Dabur’s net profits for the March quarter came in at Rs 292.76 crores. This denotes a decline of about 1% from the previous year. Moreover, it missed the street estimates of a net profit of Rs 350 crores.

Dabur operating profits: Dabur’s operating profits for the Jan - Mar ‘23 period came in at Rs 530.6 crores, down 4% from the previous year.

Notably, the operating margins also declined from the previous year’s figure of 22% to 19.8%.

Dabur dividend: Dabur declared a dividend of Rs 2.7 per share.

This is not investment advice. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future returns.