17.6 C
Munich
Tuesday, July 23, 2024

Dabur Ltd expects mid to high single digit growth for Q1

Must read


Dabur Ltd, a personal care and consumer goods maker expects to register mid to high single digit growth for the first quarter of the financial year 2025.

Dabur Ltd expects mid to high single digit growth for Q1 – Dabur

India business is expected to record mid-single digit volume growth while the international business is expected to post strong growth in constant currency terms.

During the April-June quarter, Dabur saw sequential improvement in demand trends with rural growth picking up.

“Gross margins are likely to witness some expansion on account of roll over price increases and cost-saving initiatives. The business continued to invest strongly behind the brands with A&P spends growing ahead of revenue. Consequently, the operating profit is expected to grow marginally ahead of revenue,” Dabur said in a business update.

“We continue to focus on our strategy to increase our distribution reach, invest aggressively on our key brands and drive increase in our market shares across the portfolio,” it added.

For the financial year 2024, Dabur had recorded revenue of Rs 12,404 crore with a net profit of Rs 1,843 crore.

Copyright © 2024 FashionNetwork.com All rights reserved.



Source link

- Advertisement -spot_img

More articles

- Advertisement -

Latest articles