DABUR · Fast Moving Consumer Goods
Dabur India Ltd. reported revenue of ₹3,255 cr for October to December 2023, — on the year and +1.6% on the quarter.
Operating profit (EBITDA) was ₹667 cr, a margin of 20.5%, — on the year and −14 bps on the quarter.
Net profit was ₹506 cr, — on the year and −0.2% on the quarter, with earnings per share of ₹2.90.
Pharma quarters swing with US generic launches and price erosion, while India formulations grow more steadily. Currency gains and other income can be material, so headline profit needs a check against operating profit. The quarterly statements do not carry the US and India split, R&D spend and any FDA observations; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3,255 cr | ₹2,815 cr | ₹3,349 cr | ₹3,029 cr | ₹3,355 cr | ₹2,830 cr | ₹3,405 cr | ₹3,191 cr | ₹3,559 cr | ₹3,038 cr | ₹3,764 cr | ₹3,563 cr |
| YoY | — | — | +7% | −5% | +3% | +1% | +2% | +5% | +6% | +7% | +11% | +12% |
| EBITDA margin | 20.5% | 16.6% | 19.6% | 18.3% | 20.3% | 15.1% | 19.6% | 18.4% | 20.6% | 15.2% | 19.7% | 17.7% |
| Other income, % of PBT | 19% | 28% | 20% | 28% | 20% | 34% | 22% | 24% | 18% | 37% | 23% | 27% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 23% | 25% | 23% | 24% | 22% | 24% | 23% | 22% | 22% | 24% | 22% | 23% |
| Net profit | ₹506 cr | ₹341 cr | ₹494 cr | ₹418 cr | ₹516 cr | ₹313 cr | ₹508 cr | ₹445 cr | ₹554 cr | ₹362 cr | ₹586 cr | ₹499 cr |
| YoY | — | — | +8% | −18% | +2% | −8% | +3% | +6% | +7% | +16% | +15% | +12% |
| Core profit YoY | — | — | +6% | −26% | −1% | −16% | +1% | +10% | +11% | +10% | +12% | +9% |
| EPS | ₹2.90 | ₹1.97 | ₹2.82 | ₹2.40 | ₹2.95 | ₹1.81 | ₹2.90 | ₹2.55 | ₹3.16 | ₹2.08 | ₹3.33 | ₹2.85 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Dabur India Ltd. reported revenue of ₹3,255 cr (— on the year) and net profit of ₹506 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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