Large Cap FMCG Major Declares 270% Dividend, Marginal Rise In Profit

FMCG Major Dabur India on Thursday declared a marginal jump of 2% year-on-year (YoY) to Rs 300.83 crore for the March 2023 quarter as against Rs 294.22 crore net profit declared in same quarter previous fiscal. The large cap company recommended a final dividend of 270% on May 4, 2023.

Dabur ended the full-year 2022-23 with a Consolidated Revenue of Rs 11,529.9 Crore, up 5.9% from Rs 10,888.7 Crore in 2021-22. Net Profit for the full year stood at Rs 1,707.1 Crore, according to its BSE filing.

Dabur India reported a mild rise of 2 per cent on a year-on-year (YoY) basis to Rs 300.83 crore in the March 2023 quarter. The FMCG player had reported a net profit at Rs 294.22 crore in the same quarter previous fiscal. However, its bottomline dropped about 37 per cent on a quarter-on-quarter (QoQ) comparison from Rs 475.94 crore in December 2022 quarter.

Dividend: According to the BSE filing of the company, "The Board of Directors today recommended a Final Dividend of 270%, taking the Total Dividend for 2022-23 to 520%. "In line with our payout policy, the Board has proposed a dividend of Rs 2.70 per share, aggregating to Rs. 478.38 Crore," Dabur India Ltd Group Director Mr. P. D. Narang said.

International Business: Dabur's International Business continued to move ahead on the growth trajectory with a 9.6% jump in Constant Currency terms in the fourth quarter and 11.1% for the full year 2022-23. During the quarter, the Turkey business grew by 90%, while Egypt business was up 28% and Nepal business posted a growth of 17%.

"Our performance in a tough inflationary environment aptly demonstrates the power and consistency of Dabur's strategic playbook, which helped us capitalize on our brand strength while continuing to innovate and deepen our engagement with our consumers," Dabur India Ltd Chief Executive Officer Mr. Mohit Malhotra said.

Stock Performance: Last trading price of Dabur India Ltd is Rs 530.50 per share with intraday fall of 1.38% on BSE. The stock's 52-week high price is Rs 610.40 per share and 52-week low price is Rs 482.20 per share, respectively. The company has a market capitalisation of Rs 93,992.05 crore.

Return: Shares of Dabur India declined a little over 1% in last 1-year, gave 13% return in last 3-years, and 43% return in last 5-years.

About: Dabur India Limited is one of India's leading FMCG Companies. Building on a legacy of quality and experience for 139 years, Dabur is today India's most trusted name and one of the world's largest Ayurvedic and Natural Health Care Company. Dabur India's FMCG portfolio today includes eight distinct Power Brands in India: Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur PudinHara and Dabur Lal Tail in the Healthcare space; Dabur Amla and Dabur Red Paste in the Personal Care category; and Real in the Food & beverages space. Vatika is the International Power Brand in Dabur's portfolio.

Disclaimer:The stock declared Q4 results and dividend on May 4. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.