Dabur's feeling the winter blues

FROST BITE STICKY food inflation dampens urban demand, while rural consumption is gradually recovering INTERNATIONAL portfolio of Dabur is expected to deliver low-to-mid double-digit growth

- Nishant Sasne

A delayed and milder winter has thrown a wrench in packaged consumer goods major Dabur India Ltd's seasonal sales plans, putting its shareholders on edge. From its 52-week high of ₹672 in September, the stock has shed around 25%.

Dabur's winter-centric portfolio, including Chyawanprash, Honitus, Lal Tail, and Honey, typically contributes 30-35% to its December quarter (Q3) revenue. This year, however, the portfolio has seen a slower uptick, particularly in northern India, according to a Motilal Oswal Financial Services report dated 15 December. That's likely to impact Q3FY25 earnings. The management is hopeful that demand will shift from December to January, but it remains a key monitorable.