Dabur provides update on Q2FY23DABUR - 554 Change: 2.00 (0.36 %)
In Dabur's quarterly update, the company is likely to post mid-single digit revenue growth with strong double-digit growth in foods & beverages and mid-single digit growth in home & personal care. The healthcare segment is likely to post muted sales on the back of high base of last year. With commodity inflation at peak, operating margins are expected to contract by 150-200 bps during the quarter.
We believe similar to other FMCG companies, Dabur would see pressure on volumes as well as margins in Q2 results. However, a sharp correction in commodities is expected to result in price cuts & grammage restoration by FMCG companies, which would aid volumes as well as gross margins in H2FY23.