7/14/22, 12:41 PM dabur: Unprecedented level of inflation impacted consumption in April-June, says Dabur - The Economic Times

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Business News › Industry › Cons. Products › FMCG › Unprecedented level of inflation impacted consumption in April-June, says Dabur

Unprecedented level of inflation impacted

consumption in April-June, says Dabur
PTI Last Updated: Jul 06, 2022, 06:21 PM IST
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Synopsis

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In this challenging macro environment Dabur's India business has been "fairly resilient",

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and is expected to report "high single-digit revenue growth" on a very high base of 35.4
per cent revenue growth in Q1 FY22, it added.

Home-grown FMCG firm Dabur

Agencies

NSE 0.58 % said consumption pressure

Bajaj
continued across the sector in the
April-June quarter of FY23 on account
of "unprecedented inflation", which
Finance
has impacted the share of the income
available for spending on consumer Fixed
Deposit
Home-grown FMCG firm Dabur said
staples. "This was witnessed across
consumption pressure continued across the urban and rural markets," said Dabur in
sector in the April-June quarter of FY23 on
account of "unprecedented inflation", which has its update for the quarter ended on
impacted the share of the income available for
spending on consumer staples. June 30, 2022.

Bajaj Finance
In this challenging macro environment Dabur's India business has been
"fairly resilient", and is expected to report "high single-digit revenue growth"
on a very high base of 35.4 per cent revenue growth in Q1 FY22, it added.

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"This is backed by mid-single-digit volume growth. Food & beverages vertical
has seen strong double-digit growth in the quarter on the back of improving
out-of-home consumption, innovation and intense summer season," said Popular in Cons. Products
Dabur.
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7/14/22, 12:41 PM dabur: Unprecedented level of inflation impacted consumption in April-June, says Dabur - The Economic Times

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The company said its international business is expected to register a "high

single-digit revenue growth" during the April-June quarter in constant
currency.

However due to currency devaluation, particularly of Turkish Lira, the

reported growth in Indian rupees would be in the low single digit.
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"Overall, the consolidated revenue is expected to grow at mid to high single Mukesh Ambani Resigns Jet Fuel Price Hike

digits. We continue to grow ahead of category growths and gain market share LPG Price Hike India EV

in most of our segments," said Dabur.

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On the profitability front, inflationary pressures continue to "impact input
costs" such as crude led derivatives, vegetable oils, honey and other agri-based 1. Front-running scandal rocks
a $31 billion Indian investing
giant
commodities.

The company has gone for a judicious price increase and embarked on cost- 2. Apple to unveil iPhone 14
series on this date. New leaks
saving initiatives to mitigate the impact, it said. hint at tech giant’s major
plans

"However, the input cost pressure combined with portfolio mix changes have
led to a near-term impact on the operating margins which are expected to be
3. Rupee settlement may bring
annual savings of $36 billion
in hard currency
lower by around 200 bps as compared to Q1FY22, with margins normalising to
pre-Covid levels for Q1 despite unprecedented inflation. During Q1 of FY22
and FY21, the operating margins were higher than normal due to Covid-led 4. EHL’s new Master’s in
Hospitality Management
surge in healthcare vertical," it said. brings advanced hospitality
knowledge with real-world

experience for success in this emerging era
The company continues to target higher than industry growth on a medium-
to long-term perspective with stable margins, although there are near-term 5. Nithin Kamath on what he's
doing next as demat account
inflationary pressures, said Dabur. openings and trading

volumes come down

"In spite of high inflation and near-term consumption pressure, the company
will continue to invest behind power brands, innovation, A&P, distribution
expansion and a strong back-end which will help us drive long-term
sustainable growth of the business," it said.

Read before you invest. Insights on Dabur India Ltd.. Explore Now

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