Dabur India Faces Profit Decline Amid Inflation Challenges

Dabur India Ltd reported a 17.65% decline in net profit for September 2024 due to high food inflation and decreased urban demand. Despite these challenges, the company saw growth in its international business and plans to revamp strategy to improve its competitive edge.

Homegrown FMCG major Dabur India Ltd reported a decline in its consolidated net profit by 17.65% to Rs 417.52 crore for the September 2024 quarter, attributed to high food inflation and a squeeze in urban demand.

Revenue from operations dropped 5.46% to Rs 3,028.59 crore, with total expenses being 1.31% lower at Rs 2,634.40 crore. Despite challenges, Dabur's international business showed promising growth, especially in regions like the Middle East and Sub-Saharan Africa.

To navigate shifting consumer trends, CEO Mohit Malhotra highlighted the company's strategic focus on rural expansion, product innovation, and optimizing inventory to strengthen its foothold in the emerging market arena.

(With inputs from agencies.)