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Dabur eyes polls to bolster rural recovery
Mint Mumbai
|February 01, 2024
Rural demand for Dabur grew 200 bps ahead of urban markets in Q3, bucking trends reported by competitors
India’s rural markets, where demand for packaged consumer goods has remained subdued for several quarters, could show signs of recovery as the coming general elections are likely to spur demand, said Mohit Malhotra, chief executive officer, Dabur India Ltd.
On Wednesday, Dabur reported a 6% year-on-year jump in domestic volumes. The maker of Real drinks and Vatika shampoo reported a 8% jump in the December quarter consolidated net profit to ₹514.2 crore. The company’s revenue from operations increased 7% to ₹3,255.06 crore during the same period. Dabur India had reported revenues of ₹3,043.17 crore in the corresponding quarter of the previous fiscal.
This story is from the February 01, 2024 edition of Mint Mumbai.
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