Dabur India (DABUR) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 saw consolidated revenue reach ₹3,355.25 crores, up 3.1% year-over-year, with operating profit at ₹682 crores, and net profit at ₹515.82 crores; international business contributed 25% of sales with 18.9% constant currency growth.

• Rural markets outperformed urban for the fourth consecutive quarter, despite challenging weather and consumption slowdown in urban areas.

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

• Board approved unaudited results and a merger agreement with Sesa Care Private Limited and its Bangladesh subsidiary at an enterprise value of ₹315–325 crores.

• Organized trade channels like e-commerce and modern trade delivered robust double-digit growth, now accounting for over 20% of India business.

Financial highlights

• Operating profit increased by 2.1% year-over-year to ₹682 crores; consolidated net profit rose to ₹515.82 crores.

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

• Standalone revenue grew to ₹2,448.26 crores, with standalone net profit at ₹418.08 crores.

• EPS (consolidated, basic) for Q3 FY25 was ₹2.95, flat year-over-year.

• 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; price increases and cost-saving initiatives planned to offset inflation.

• For FY26, focus on premiumization, product mix, and cost savings to target margin improvement toward 20%.

• 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.