Q1 2025 Dabur India Ltd Earnings Call Transcript
Key Points
- Dabur India Ltd (BOM:500096) reported a consolidated revenue growth of 9.8% in constant currency and 7% in INR terms for Q1 FY25.
- The international business exhibited strong growth of 18.4% in constant currency terms, with significant contributions from Turkey, Egypt, MENA, SSA, and Bangladesh.
- The health care portfolio grew by 7%, driven by strong performance in digestives (11% growth) and health supplements (7% growth).
- The Home Care segment sustained robust growth with an 8% increase, particularly driven by Odonil's strong performance in aerosol and gel formats.
- Emerging channels like e-commerce and modern trade posted robust double-digit growth, now contributing around 20% of the India business.
- The Food and Beverage segment grew by only 4%, with the J&N segment impacted by exceptionally harsh summers, leading to a consumer shift towards carbonated beverages.
- The international business faced currency devaluations across emerging markets like Egypt, Nigeria, and Turkey, impacting INR performance.
- The hair oil segment saw competitive intensity increase, with new players like Bajaj becoming aggressive in the coconut oil category, leading to margin squeezes.
- The OTC and Ethical portfolio saw muted performance in some areas, particularly due to a high base effect from the previous year and the impact of harsh summers.
- The rural market recovery, while showing signs of improvement, is still uneven, with South India continuing to reel under pressure.
Ladies and gentlemen, good day, and welcome to the Q1 results Investor conference call of Dabur India Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Isha Lamba. Thank you, and over to you Ms. Lamba.
Thank you. Good afternoon. Ladies and gentlemen, we apologize for the delay in starting the call. On behalf of the management of Dabur India Limited, I welcome you to the earnings conference call for the interim results for Q1 FY25. Present here with me are Mr. Mohit Malhotra, Chief Executive Officer, Dabur India Limited, Mr. Ankush Jain, Chief Financial Officer, Mr. Ashok Jain, EVP, Finance and Group Company Secretary, Ms. Gagan Ahluwalia, VP, Corporate Affairs, and Mr. Krishnan, AGM finance.
We will start with an overview of the company's performance by Mr. Mohit Malhotra, and it will be followed by a Q&A session.
I now hand over to Mr. Mohit Malhotra. Thank you.
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