Dabur India - Healthcare Continues To Post Strong Growth In Q3: Dolat Capital
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Dolat Capital Report
Dabur India Ltd.’s Q3 FY21 results were in line with our estimate. Domestic fast moving consumer goods volumes increased by 18.1% YoY - second consecutive quarter of double digit volume growth.
Growth in the domestic market was driven by health care (up 28.1%) and home and personal care (up 15.9%) business.
Healthcare contribution grew from 40% in Q3 FY20 to 44% in Q3 FY21 led by market share gains in chyawanprash and honey.
The healthcare category is expected to grow faster post Covid-19 with new launches
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