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Dabur Reports Q2 Profit Rise, Launches Rs 500-Crore Venture Arm, Declares Dividend

The company will fund Dabur Ventures from its balance sheet to invest in digital-first, premium consumer businesses.

Overview

  • Consolidated net profit rose 6.5% year on year to Rs 444.79 crore as revenue increased 5.4% to Rs 3,191.32 crore.
  • Total expenses climbed to Rs 2,758.33 crore from Rs 2,634.40 crore a year earlier.
  • The board declared an interim dividend of Rs 2.75 per share, totaling about Rs 487.76 crore, with a record date of November 7 and payment on November 21.
  • The board approved Dabur Ventures with an allocation of up to Rs 500 crore to pursue investments and acquisitions in new-age consumer categories.
  • CEO Mohit Malhotra reported market-share gains across 95% of the India portfolio and said international operations grew 7.7% in Q2, led by the UK at 48%, Dubai over 17%, Bangladesh and the US at 16% each, and Turkey over 18%.