Q3 2025 Dabur India Ltd Earnings Call Transcript
Key Points
- Dabur India Ltd (BOM:500096) reported a consolidated revenue growth of 3.1% in INR terms and 5.6% in constant currency terms, with the international business showing strong growth of 18.9%.
- The company's oral care portfolio recorded a growth of 9.1%, driven by strong double-digit growth in the Red franchise and Miswak, with the gel toothpaste portfolio growing by 50% year-on-year.
- The hair oil portfolio grew by 3.1% year-on-year, with both coconut and perfumed oils gaining market share, taking the overall hair oil share to around 18%, the highest ever.
- Emerging channels like e-commerce and modern trade posted robust double-digit growth and now account for more than 20% of the India business.
- Dabur India Ltd (BOM:500096) is undertaking strategic initiatives, including partnering with McKinsey & Company, to refine and align its strategy for the next three years, aiming to capture opportunities and navigate future challenges effectively.
- The quarter was marked by a challenging operating environment with unfavorable weather conditions and a slowdown in consumption, particularly affecting the healthcare portfolio.
- The healthcare portfolio was flat, impacted by delayed and contracted winters, with health supplements like Chyawanprash and Honey reporting soft performance.
- The juices and nectars category was impacted due to muted festive season demand and price-driven competitive intensity, leading to a decline in performance.
- Inflationary pressures were faced during the quarter, leading to judicious price increases, but operating profit only increased by 2.1% and PAT grew by 1.8% year-on-year.
- Urban demand showed signs of moderation, with urban business growing by only 0.6%, while rural markets, although resilient, grew by 2%, indicating a disparity in growth rates.
Ladies and gentlemen, good day and welcome to the Q3 results investors 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, Head, Investor Relations and M&A. Thank you and over to you, Ms. Lamba.
Good evening, ladies and gentlemen. On behalf of the management of Dabur India Limited, I welcome you to the earnings conference call pertaining to the results of Q3 FY25. Present here with me are Mr. Mohit Malhotra, Chief Executive Officer; Mr. Ankush Jain, Chief Financial Officer; Mrs. Gagan Ahluwalia, VP, Corporate Affairs; and Mr. N. Krishnan, General Manager, Finance.
We will start with an overview of the company's performance by Mr. Mohit Malhotra and this will be followed by a Q&A session. I now hand over to Mr. Mohit.
Thank you,
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