Dabur India Ltd share Price Today

Personal Products company Dabur India announced Q3FY24 results:

• Consolidated Revenue from Operations up 7% at Rs 3,255 crore
• Consolidated Revenue reports 10% Constant Currency growth
• Consolidated Operating Profit posted a 9.5% growth
• Q3 Net Profit up 8% at Rs 514.2 crore
• India's FMCG Volume Growth stands at 6%
• International Business posts 11.7% Constant Currency growth

"We remain intensely focused on our strategies of managing an agile and accountable organization structure with a focus on superior product delivery and constructive disruption to drive sustainable, profitable growth across our portfolio. Moderating inflation coupled with buoyant consumer sentiments and our focussed investment in distribution footprint expansion in rural India helped demand from the hinterland bounce back for Dabur. Rural demand for Dabur grew 200 bps ahead of urban. We have also stepped up investment behind our brands to drive competitive volume growth, reflected in our higher advertising spends during the quarter" said Dabur India, Chief Executive Officer, Mohit Malhotra.

"We have been investing in growing our rural footprint, which has expanded by 17,000 villages in the current fiscal from 100,000 to 117,000. We are working towards ending this year with a rural coverage of 1.2 lakh villages. Dabur's rural distribution has, in fact, been the highest in the industry, giving us a distinct advantage and helping drive our rural growth," Malhotra added.

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