Dabur India Limited — Updates, 30-01-2025: Press Release

**Financial Highlights:** Dabur India Ltd reported a 3.1% increase in consolidated revenue for the third quarter, reaching ₹3,355 Crore, up from ₹3,255 Crore the previous year. Operating profit also grew, registering a 2.1% rise to ₹682 Crore. The revenue growth reflects a 5.6% increase in constant currency terms, showcasing resilience amid high food inflation and varying urban and rural demand.

**Strategic Initiatives and Growth Drivers:** Dabur is adapting its strategic vision cycle from four years to three, engaging McKinsey & Co to refine its approach. This strategy aims to enhance agility in navigating challenges and seizing emerging opportunities. The company expanded its rural distribution network, reaching over 131,000 villages, which is crucial for maintaining its competitive edge.

**Business Developments:** Dabur achieved significant market share gains across 95% of its portfolio, with a notable 150 basis point improvement in the hair oils segment, now at an all-time high of 18%. Other growth areas include air fresheners and juices, with the foods business surging by 30%.

**Market Position and Competitive Advantage:** The company's strong focus on premiumization is yielding results, as its premium product line grows 2.5 to 3 times faster compared to the overall business. Internationally, Dabur's business reported a robust 19% growth, driven by markets like Egypt and the MENA region.

**Investor Implications:** With solid revenue growth and strategic adaptations, Dabur presents a positive outlook for investors. The emphasis on rural expansion and premium products positions the company well for future growth, making it a stock to watch carefully.