India's FMCG firm Dabur India on Thursday said that its full-year 2022-23 consolidated revenue crossed the Rs 11,000 crore mark to end the year at Rs 11,529.9 crore.
The company said that the strong execution of the power brand strategy coupled with distribution footprint enhancement helped Dabur India report a steady performance during the fourth quarter and the full year.
Dabur ended Q4 of 2022-23 with consolidated revenue growth of 6.4 per cent at Rs 2,677.8 crore, up from Rs 2,517.8 crore in the same quarter a year ago.
"This marks a 3-year CAGR of 12.8 per cent, reflecting the remarkable agility and resilience the business continues to demonstrate even in a tough market," it added.
Consolidated revenue for the quarter marked a constant currency growth of 8.6 per cent while net profit for the fourth quarter posted a 2.2 per cent growth at Rs 300.8 crore as against Rs 294.2 crore a year earlier.
“Our performance in a tough inflationary environment aptly demonstrates the power and consistency of Dabur's strategic playbook, which helped us capitalise on our brand strength while continuing to innovate and deepen our engagement with our consumers," said Mohit Malhotra, Chief Executive Officer (CEO), Dabur India.
In an environment where high Inflation continued to impact consumption, we are happy to have progressed well with broad-based growth in our key categories and report market share gains across Dabur India's product portfolio, Malhotra added.