08 Aug 2023
Dabur India is doing exceedingly well with a 3.52% increase in net profit for this quarter, amounting to Rs. 456.61 crore. It is expanding its reach in the rural sector and has seen a total 11% annual rise in revenue touching Rs. 3,130.47 crore in the first quarter. Its domestic business has also increased by 3%. With all this money in their kitty now, they are looking at acquiring D2C brands to make an entry into the cutting-edge brands space.
According to Mohit Malhotra, Chief Executive Officer, Dabur India, the brand is always on the lookout for acquisition in the D2C segment in healthcare, personal care and skincare categories. Dabur will invest in companies that will have “shore up margins”.
Dabur has been doing well in both rural and urban sectors, though the latter is still doing better. The rural sector growth revived to high single digits after three quarters due to moderate inflation. Its healthcare portfolio was up 12.85% annually while the hair care segment increased by 10% in Q1 FY 2023.
