Dabur emerges from COVID-19 hit quarter with a bigger market for Chyawanprash and Dabur Honey
- Dabur reported 12% growth in its standalone net profit, at ₹289.4 crore in first quarter.
- Revenue from retail and food business took a major hit.
- “Dabur Chyawanprash reported a growth of over 694% during the quarter, while Dabur Honitus grew by over 80% while Dabur Honey ended Q1 2020-21 with a growth of over 60%,” the company said in a statement.
However, the revenue from operations was down 8.4% to ₹1,491 crore. While all segments witnessed some pain because of the lockdown — retail and food business were hit the worst.
|Dabur||Q1 standalone revenue growth%|
|Consumer care business||-2.1%|
|Unallocated other operating revenue||-25.2%|
The quarter was different from normal for Dabur as the summers usually do not witness such demand for its ayurvedic products. And, the CEO himself admitted that Dabur saw a growing demand for Chyawanprash.
“Despite a challenging April, the quarter saw a nearly 7-fold growth in demand for Dabur Chyawanprash and an over 60% surge in demand for Dabur Honey. Dabur has significantly ramped up capacity with production now at near-normal levels and the business poised to deliver growth for the rest of the year,” Dabur India Limited Chief Executive Officer Mohit Malhotra said.
Dabur's share price recovered from early losses post the earnings. The share price was trading in green when both the benchmark bourses were in the red.
SEE ALSO: JLR was already 80% of Tata Motors’ revenue — it may become even bigger now
Xiaomi is being accused of copyright infringement by a US company after ‘years’ of negotiations failed
- Red bricks don’t just make walls, they can now power your house too
- India approves another $1.2 billion for defence over and above the $5.5 billion last month
- Best gaming consoles in India
- IT and media employees are in no hurry to get back to office — not until there are proper policies in place
- Here’s a look back at Rahat Indori’s famous poetry and shayari