Dabur’s Strong Topline Performance Continues In Q3: Nirmal Bang
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Nirmal Bang Report
Dabur India Ltd.’s Q3 FY21 consolidated revenue grew by 16% YoY to Rs 27.3 billion (versus our estimate 9.7% growth to Rs 25.8 billion).
Domestic fast moving consumer goods business grew by 19.5% YoY, led by volume growth of 18.1% YoY (versus estimate 13% volume growth).
International business grew by 13% YoY (constant currency growth of 14.1%; contributing 25.3% to overall sales versus 26.1% in the base quarter).
Within the domestic FMCG business, healthcare (44% of domestic sales in Q3 FY21) grew by 28.1% YoY, home and personal care (45.1% contribution) grew by 15.9% YoY while foods (10.9% contribution) grew by 4.7% YoY (excluding enterprise, foods saw growth of ~16% YoY).
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