Dabur India Q4 Review - Strong Growth On Favourable Base: Dolat Capital
Dabur India range of products. (Source: Company website)

Dabur India Q4 Review - Strong Growth On Favourable Base: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Dabur India Ltd.’s Q4 FY21 results were below our estimate.

Domestic fast moving consumer goods business registered strong volume growth of 25.4% YoY on the back of favorable base.

Growth in the domestic market was driven by healthcare (up 22.9%), home and personal care (up 32.6%) businesses and revival in food and beverages (up 27.6%).

Overall, the company witnessed 5-6% raw material inflation. It took price hike of 3% and is contemplating further increases to mitigate the same.

Healthcare contribution declined from 35.4% in Q4 FY20 to 33.9% in Q4 FY21.

However, with resurgence of Covid-19 cases and slew of new launches, the healthcare category is poised to grow faster.

Click on the attachment to read the full report:

Dolat Capital Dabur India Q4FY21 Result Update.pdf

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