The company said in a BSE filing that its year-on-year consolidated revenue grew 12 per cent at Rs 2,818 crore for the quarter under consideration, with underlying volume growth of 10 per cent in the domestic FMCG business.
Company chief executive officer Mohit Malhotra said in a statement that while Covid fears largely receded with vaccination drive gathering pace and mobility improving, the operating environment remained challenging with unprecedented inflation impacting consumer sentiments in the run-up to the festive season. “We have undertaken calibrated price increases and sharpened our focus on cost control to mitigate the impact,” Malhotra said.
Dabur said in a statement this is its fifth successive quarter of strong double-digit growth despite growing inflationary pressures impacting consumer sentiment. The company said rural demand outpaced urban demand during the quarter, and e-commerce contribution to domestic sales touched 7 per cent. “We are investing ahead of the curve in expanding our rural footprint. We have surpassed our rural coverage target of 80,000 villages 18 months ahead of schedule and are now covering around 83,500 villages,” Malhotra said.
