Dabur India Adds Five New Brands Exceeding Rs 100 Crore Sales in FY23

5 Jul 2023 , 01:09 PM

Dabur India, a fast-moving consumer goods company, added five new brands with sales exceeding Rs 100 crore in FY23, as mentioned in their annual report.

The company now has a portfolio of 23 billion-rupee brands, with 17 brands falling between Rs 100 crore and Rs 500 crore, two brands surpassing Rs 500 crore but below Rs 1,000 crore, and four brands with a turnover exceeding Rs 1,000 crore.

The brands that entered the billion-rupee portfolio in the last fiscal year include Honitus, Real drinks, Odomos, Dabur herb’l, and Badshah spices. The FMCG sector in India experienced volume declines during the first nine months of the previous financial year, attributed to high commodity prices and an inflationary environment.

Dabur India’s chairman, Mohit Burman, highlighted the challenges faced by the industry due to high commodity prices and cautious consumer spending patterns in the annual report.

However, the company anticipates an expansion in gross margins for the current year as the commodity cycle reverses and prices of key commodities decreas. Dabur India remains focused on portfolio growth and aims to capitalize on emerging opportunities in the consumer goods market.
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