Dabur India Limited · NSE:DABUR
Dabur India — Q2 FY23 Earnings Presentation
35 slides from Dabur India's earnings presentation, Oct 26, 2022
Slide 1: Exchange filing cover letter: Investor Communication
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Slide 2: Q2 FY23 Results Presentation
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Slide 3: Agenda
1. Q2 FY23 & H1 FY23: Performance Summary 2. Business Highlights 3. Acquisition 4. Dividend Update 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 2
Slide 4: Q2 FY23 & H1 FY23: Performance Summary
1. Q2 FY23 & H1 FY23: Performance Summary 2. Business Highlights 3. Acquisition 4. Dividend Update 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 3
Slide 5: Q2 FY23 revenue, operating profit and PAT
Revenue Operating Profit PAT 3-year CAGR: 10.5% 3-year CAGR: 7.1% 3-year CAGR: 6.7% 22.0% 17.9% 20.1% 16.4% 2,986 621 2,818 601 504 490 6.0% (3.2%) (2.8%) Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Operating Profit (INR cr) Operating Margin PAT (INR cr) PAT Margin • CC Growth of 8.5% • Consolid
Slide 6: Sales Contribution by Verticals
Sales Contribution by Verticals Q2 FY22 Q2 FY23 Healthcare Home & Personal Care (HPC) Food & Beverage (F&B) 3-year CAGR: 9.8% 3-year CAGR: 10.6% 3-year CAGR: 21.4% 714 1,065 675 1,001 629 431 858 787 478 331 238 229 49% (5%) (7%) 9% 17% 6% (4%) 44% 30% Q2 FY20 Q2 FY21 Q2 FY22 Q2 FY23 Q2 FY20 Q2 FY21
Slide 7: International Business grew by 12.3% in CC terms
Q2 FY22 Sales Contribution Q2 FY23 Sales Contribution Others Others 2.4% 3.2% International International 25.9% 25.1% Domestic Domestic 71.7% 71.7% International Business grew by 12.3% in CC terms (2.5% in INR terms) Q2 FY23 Constant Currency Growth % 86.6% 23.4% 18.1% 9.0% (10.1%) (6.0%) MENA Egypt
Slide 8: H1 FY23 revenue, operating profit and PAT
Revenue Operating Profit PAT 3-year CAGR: 9% 3-year CAGR: 6.5% 3-year CAGR: 6.7% 5,809 21.6% 19.7% 17.3% 5,429 16.0% 1,173 1,144 942 930 7.0% (2.4%) (1.2%) H1 FY22 H1 FY23 H1 FY22 H1 FY23 H1 FY22 H1 FY23 Operating Profit (INR cr) Operating Margin PAT (INR cr) PAT Margin • CC Growth of 9.4% • Consoli
Slide 9: Business Highlights
1. Q2 FY23 & H1 FY23: Performance Summary 2. Business Highlights 3. Acquisition 4. Dividend Update 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 8
Slide 10: Health Supplements, Digestives, OTC & Ethicals
Health Supplements Digestives OTC & Ethicals Growth % (12.6%) 0.1% (0.2%) 3-year CAGR 8.9% 8.0% 12.5% • Health Supplements declined on • The portfolio saw muted growth • Declined on account of high bases of Covid contextual account of high bases of on account of high base of last products Chyawanpra
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Click on the image to play 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 10
Slide 12: NPD - Healthcare
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Slide 13: NPD - Healthcare
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Slide 14: Hair Oils, Shampoo, Oral Care, Home Care, Skin & Salon
Hair Oils Shampoo Oral Care Home Care Skin & Salon Growth % 1.8% 9.0% 9.2% 20.9% (15%) 3-year CAGR 6.8% 15.7% 15.4% 10.8% 1.1% • Hair oils portfolio recorded • Shampoos portfolio • Toothpaste portfolio • Robust double-digit • Ex-Sanitize, Skin 1.8% growth on a high base continued on strong recorded
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Click on the image to play 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 14
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Click on the image to play 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 15
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Click on the image to play 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 16
Slide 18: NPD - Home & Personal Care
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Slide 19: NPD - Home & Personal Care
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Slide 20: NPD - Home & Personal Care
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Slide 21: NPD - Home & Personal Care
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Slide 22: NPD - Home & Personal Care
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Slide 23: NPD - Home & Personal Care
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Slide 24: Beverages and Foods
Beverages Foods Growth % 30.5% 21.2% 3-year CAGR 21.7% 17.2% • Beverage business continued to report strong growths • Hommade brand continued to perform well driven by Category across segments innovation and portfolio expansion Highlights • Market share of Real Fruit Juice increased by ~410 bps • Re
Slide 25: NPD - Food & Beverages
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Slide 26: Acquisition
1. Q2 FY23 & H1 FY23: Performance Summary 2. Business Highlights 3. Acquisition 4. Dividend Update 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 25
Slide 27: Badshah Masala Private Limited acquisition
• Badshah Masala Private Limited is a leading player in the spices and condiments category with major presence in Gujarat, Maharashtra and Telangana. • Has over 52 variants (300+ SKUs) available in India and International markets • Provides primarily four categories of products – Blended spices, Gro
Slide 28: Dividend Update
1. Q2 FY23 & H1 FY23: Performance Summary 2. Business Highlights 3. Acquisition 4. Dividend Update 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 27
Slide 29: Interim Dividend
Interim Dividend Dividend per share (INR) 2.50 Dividend % 250% Total Dividend (INR cr) 442.94 26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 28
Slide 30: DABUR - Q 2 FY23 - RESULTS PRESENTATIO N
26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 29
Slide 31: Consolidated income statement
Q2 FY23 Q2 FY22 Y-o-Y (%) H1 FY23 H1 FY22 Y-o-Y (%) Revenue from operations 2,986.5 2,817.6 6.0% 5,808.9 5,429.1 7.0% Other Income 123.3 112.4 9.6% 223.8 197.3 13.5% Total Income 3,109.8 2,930.0 6.1% 6,032.8 5,626.4 7.2% Material Cost 1,631.4 1,441.5 13.2% 3,159.5 2,796.8 13.0% % of Revenue 54.6% 51
Slide 32: Standalone income statement
Q2 FY23 Q2 FY22 Y-o-Y (%) H1 FY23 H1 FY22 Y-o-Y (%) Revenue from operations 2,266.9 2,119.9 6.9% 4,446.6 4,102.7 8.4% Other Income 107.6 97.2 10.7% 191.8 168.3 13.9% Total Income 2,374.5 2,217.1 7.1% 4,638.4 4,271.1 8.6% Material Cost 1,277.7 1,111.8 14.9% 2,506.1 2,173.7 15.3% % of Revenue 56.4% 52
Slide 33: Consolidated balance sheet
As at As at As at As at Particulars Particulars 31/09/2022 31/03/2022 31/09/2022 31/03/2022 A Assets B Equity and Liabilities 1 Non-current assets 1 Equity (a) Property, plant and equipment 2,049 1,968 (a) Equity share capital 177 177 (b) Capital work-in-progress 139 167 (b) Other Equity 8,633 8,205
Slide 34: Standalone balance sheet
As at As at As at As at Particulars Particulars 31/09/2022 31/03/2022 31/09/2022 31/03/2022 A Assets B Equity and Liabilities 1 Non-current asset 1 Equity (a) Property, plant and equipment 1,434 1,329 (a) Equity share capital 177 177 (b) Capital work-in-progress 93 128 (b) Other Equity 5,877 5,687 (
Slide 35: DABUR - Q 2 FY23 - RESULTS PRESENTATIO N
26/10/2022 DABUR - Q 2 FY23 - RESULTS PRESENTATIO N 34