Dabur India Q4 net profit declines marginally to Rs 292.76 cr

New Delhi: Homegrown FMCG major Dabur India on Thursday reported a marginal decline in its consolidated net profit to Rs 292.76 crore for the fourth quarter ended March 2023.

The company, which had posted a consolidated net profit of Rs 294.34 crore in the fourth quarter of 2021-22, has proposed a final dividend of Rs 2.70 per share for the financial year 2022-23, aggregating Rs 478.38 crore, Dabur India said in a regulatory filing.

Its consolidated revenue from operations in the fourth quarter stood at Rs 2,677.8 crore against Rs 2,517.81 crore a year ago.

Total expenses were higher at Rs 2,402.08 crore compared to Rs 2,141.04 crore in the corresponding quarter previous fiscal.

During the fourth quarter, consumer care business revenue was Rs 2,096.65 crore against Rs 2,095.15 crore in the year-ago period. The food business clocked Rs 521.17 crore, up from Rs 359.9 crore, while the retail business stood at Rs 27.48 crore against Rs 22.26 crore in the year-ago period, the filing said.

For the fiscal ended March 31, 2023, consolidated net profit slipped to Rs 1,701.33 crore from Rs 1,742.3 crore in FY22, the company said.

In FY23, consolidated revenue from operations stood at Rs 11,529.89 crore against Rs 10,888.68 crore in FY22, it added.