Dabur Q4 results, Net Profit surges 16.2% to Rs 350 crore

Shares of Dabur India rose by 4.03 percent to settle at Rs 528 apiece on BSE on Thursday after quarterly results.

Dabur Q4 results, Net Profit surges 16.2% to Rs 350 crore

Dabur India has reported a 16.55 percent jump in its consolidated net profit to Rs 341.22 crore for the March 2024 quarter, aided by cost optimization and expansion of the distribution network. Its revenue from operations during January-March 2024 rose 5.11 percent to Rs 2,814.64 crore, against Rs 2,677.80 crore in the year-ago period.

According to a regulatory filing, Dabur India recorded a net profit of Rs 292.76 crore in the corresponding quarter of the previous year. Meanwhile, the total expenses for the fourth quarter of fiscal year 2024 stood at Rs 2,490.43 crore, which is an increase of 3.67 percent compared to the previous year.

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Dabur India reported a 5.18% increase in its total income, which reached Rs 2,943.49 crore in the January-March quarter. For the financial year that ended on March 31, 2024, the company's net profit increased by 6.46% to reach Rs 1,811.31 crore, compared to Rs 1,701.33 crore in the previous year. Dabur India's revenue from operations for FY24 was Rs 12,404.01 crore, up 7.58% from Rs 11,529.89 crore in the previous year. The company's consolidated revenue surpassed the Rs 12,000 crore mark, according to its earnings statement.

Daubar reported a steady performance in the fourth quarter and full year of 2023-24. This was due to the strong execution of its Power Brand strategy, an increase in premiumization and distribution footprint, as well as the benefit of its stringent cost reduction actions.

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