Dabur India (DABUR) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 saw a challenging environment with delayed winters and a slowdown in urban consumption, but rural markets remained resilient and outperformed urban for the fourth consecutive quarter.

• Consolidated revenue for Q3 FY25 reached ₹3,355.25 crores, up 3.1% year-over-year, with operating profit at ₹682 crores, a 2.1% increase year-over-year.

• International business contributed 25% of overall sales, with constant currency growth of 18.9% year-over-year.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended 31 December 2024 were approved by the Board on 30 January 2025.

• Interim dividend of ₹2.75 per share (₹487.39 crores) was paid during the quarter.

Financial highlights

• Consolidated net profit for Q3 FY25: ₹515.82 crores (up from ₹506.44 crores YoY); net profit after minority interest was ₹522.4 crores, up 1.6% year-over-year.

• Standalone revenue from operations for Q3 FY25: ₹2,448.26 crores (up from ₹2,414.36 crores YoY); standalone net profit declined 2.3% year-over-year.

• EBITDA (including other income) stood at ₹809.9 crores, up 1.8% year-over-year, with EBITDA margin at 24.1%.

• EPS (consolidated, basic) for Q3 FY25: ₹2.95 (flat YoY).

• Advertisement and publicity expenses declined 7.3% year-over-year on a consolidated basis.

Outlook and guidance

• Sequential improvement in demand expected, driven by infrastructure investments, good harvest, and government initiatives.

• Mid-single-digit value growth anticipated for Q4, with margin maintenance as a priority.

• Margins expected to be maintained or slightly improved in FY26, with premiumization and cost-saving initiatives as key levers.

• Board and management continue to focus on growth and operational efficiency, with ongoing integration of Sesa Care expected to enhance product portfolio.

• Forward-looking statements caution that actual results may differ due to risks such as market volatility, input cost changes, and regulatory shifts.