CNBC-TV18's poll expected the margins to remain almost flat at 16.9%.
"We've ended the year with a steady performance, underscoring the power of the Dabur's brands.
We have been investing heavily behind our brands, which increased by 33%, to drive demand and also sustain the growth momentum.
"If you look at my guidance for last year, we've guided for around 19.5% kind of margin and we are around 19.4%.
"Shares of Dabur India Ltd. rallied 5% to hit a day's high of536.05 apiece on the NSE.
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Packaged consumer goods company Dabur India on Thursday reported a 16.5% increase year-on-year (YoY) in its net profit at341 crore for the January to March quarter (Q4FY24), as against292.8 crore it recorded in the corresponding quarter of last fiscal. CNBC-TV18's poll of analysts expected the company to report a350 crore net profit.The fast-moving consumer goods (FMCG) major reported organic domestic volume growth of 4.2%, which was similar to CNBC-TV18's poll projection that ranged between 3% and 4%.Revenue from operations jumped 5% to2,814.6 crore for the quarter under review, as compared to2,678 crore in the year-ago period.Operating profit or EBITDA grew by 14% from last year to ₹467 crore but was marginally lower than the ₹480 crore projection, while margin expanded by 130 basis points to 16.6%. CNBC-TV18's poll expected the margins to remain almost flat at 16.9%."We've ended the year with a steady performance, underscoring the power of the Dabur's brands. We have been investing heavily behind our brands, which increased by 33%, to drive demand and also sustain the growth momentum. This has helped us deliver steady sales and profit growth in the fourth quarter despite multiple headwinds," said Dabur India Limited Chief Executive Officer Mohit Mathotra.The board recommended a final dividend of2.75 per equity share for the financial year 2024.Record date and dividend payment date will be informed in due course of time, Dabur said in an exchange filing.In an interaction with CNBC-TV18, Mohit Malhotra of Dabur India said he expects the margins to improve. "If you look at my guidance for last year, we've guided for around 19.5% kind of margin and we are around 19.4%. So we have delivered as per our guidance for last year also."Shares of Dabur India Ltd. rallied 5% to hit a day's high of536.05 apiece on the NSE. The stock has tumbled nearly 7% so far this year.
