Dabur becomes Rs. 10k cr co
FMCG major posted a 21.98% decline in consolidated net profit to Rs. 294.34 cr for Q4 FY22, on account of inflationary headwinds and impairment of goodwill in its international biz
New Delhi: Homegrown FMCG major Dabur India on Thursday reported a 21.98 per cent decline in consolidated net profit to Rs294.34 crore for the fourth quarter ended March 2022, on account of inflationary headwinds and impairment of goodwill in its international business. In terms of turnover, Dabur has now become a Rs10,000 crore company, a milestone that very few homegrown FMCG firms have achieved. Its revenue from operation in FY22 touched Rs 10,888.68 crore. The company had posted a net profit of Rs 377.29 crore in the January-March quarter a year ago, Dabur India said in a BSE filing. Its revenue from operations rose 7.74 per cent to Rs 2,517.81 crore during the quarter under review, against Rs 2,336.79 crore in the corresponding quarter of the previous fiscal.
"Dabur braved the inflationary headwinds to end the quarter with a 0.4 per cent growth in Net Profit before exceptional items at Rs 379 crore. An impairment of Goodwill in respect of Hobi Kozmetic, Turkey, amounting to Rs 85 crore was provided, due to the steep devaluation in Turkish currency over the past one year. Including this impairment, reported Net Profit for the fourth quarter of 2021-22 stood at Rs 294 crore," the company said in an earnings statement. Dabur India's total expenses increased by 8.7 per cent to Rs 2,141.04 crore from Rs 1,969.54 crore in Q4 FY2020-21. During the quarter, Dabur's revenue from the consumer care business segment inched up 4.25 per cent at Rs 2,095.15 crore. It was Rs 2,009.63 crore in the year-ago period. Revenue from the food business surged 31.28 per cent to Rs 359.90 crore compared to Rs 274.14 crore in the year-ago period, with its Juices and Beverages business growing at 35 per cent.