The company said its India FMCG business witnessed sequential recovery in demand during the quarter and is expected to post high-single digit growth.
Growth in the domestic market helped offset challenges in international markets, particularly in the Middle East, where geopolitical tensions disrupted demand and supply chains.
Within segments, the Home & Personal Care business is projected to grow in the mid-teens, led by strong performance in hair oils, shampoo and home care, which are expected to record volume-led growth in the twenties. The company said the majority of its portfolio continued to outperform category growth and is likely to register market share gains during the quarter.
The Healthcare segment is expected to report low-single digit growth overall during the quarter.
Meanwhile, the Food & Beverages (F&B) vertical is also projected to record low-single digit growth, although the company noted a sequential improvement in the segment during the period.
Across distribution channels, modern trade, e-commerce and quick commerce maintained their growth momentum, while general trade showed a steady recovery during the quarter.
In the international business, the West Asia operations were impacted by the US-Israel-Iran conflict, while other markets continued to perform well. Overall, the company expects its international business to record low-single digit growth in ₹ terms.
Also read: Dabur CEO says no senior exits, company may add new India role
Shares of Dabur India Ltd closed at ₹419.60 on the NSE, up ₹4.65 or 1.12%.
