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Dabur's Q2FY24 Financial Performance Review

Nov 2, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Dabur for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
Dabur reported a total income of ₹3,320 crores in the second quarter of fiscal year 2024, reflecting a growth of 2.47% compared to the preceding quarter. On a year-on-year (YoY) basis, there was a more substantial increase of 6.79%.

EXPENSES: 
The company's total expenses for Q2FY24 amounted to ₹2,669 crores, indicating a minor increase of 0.87% compared to Q1FY24, when expenses were ₹2,646 crores. On a YoY basis, expenses increased by 8.01% from ₹2,471 crores in Q2FY23.

NET PROFIT: 
Dabur reported a net profit of ₹507 crores, showing a significant increase of 11.18% compared to the net profit of ₹456 crores in the preceding quarter. On a YoY basis, the company displayed a YoY growth of 3.47%.

MARGINS: 
Their margin in Q2FY24 was 15.27%, representing an increase compared to the margin of 14.07% in the preceding quarter. Year-on-year, the margin exhibited a minor decrease from 15.76% in Q2FY23.

In conclusion, Dabur's financial performance in the second quarter of fiscal year 2024 reflects steady revenue growth and improved profitability compared to the preceding quarter. Despite a YoY increase in expenses, the company managed to enhance its margins, which contributed to the growth in net profit.

Stay tuned for more updates on upcoming financial performances.