Nirmal Bang: Dabur India’s Strong Sales Performance; Aggressive Ad Spends To Continue
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Nirmal Bang Report
Dabur India Ltd.’s Q2 FY21 consolidated revenue grew by 13.7% YoY to Rs 25.16 billion (versus our estimate 6.9% growth to Rs 23.6 billion).
In domestic fast moving consumer goods business, healthcare grew by 49.3% YoY, home and personal care grew by 9.1% YoY while foods declined by 3.8% YoY (excluding-enterprise, growth of 8.5% YoY).
International business grew by 5.5% YoY (constant currency growth of 3.5%; contributing 26% to overall sales during the quarter versus 28.2% in the base quarter).
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