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Dabur India to expand gross margin with price hikes, but won’t hit recent highs, says CEO

Money ControlMoney Control · 5m
Dabur India to expand gross margin with price hikes, but won’t hit recent highs, says CEO

FMCG company Dabur India plans to expand its gross margins in the future, although it expects them to fall short of previous levels due to continued competitive pressures. The company increased prices in order to improve gross margin, but the recent price hikes were smaller than in previous years. Dabur India is investing in promoting products directly to doctors to boost sales, and plans to introduce more products in baby care, skin care, and general healthcare sectors. The management expects volume-driven growth and a mid-to-high single-digit volume growth going forward. In Q4 FY24, Dabur India reported a 16.5% YoY increase in net profit and a 5.11% YoY increase in revenue.

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