Dabur's Q2FY24 Financial Performance Review
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.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 3,109 | 6.79 | 3,240 | 2.47 | 3,320 |
| Total Expenses (₹crs.) | 2,471 | 8.01 | 2,646 | 0.87 | 2,669 |
| Net Profit (₹crs.) | 490 | 3.47 | 456 | 11.18 | 507 |
| Margin (%) | 15.76 | -0.49 | 14.07 | 1.20 | 15.27 |
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.