Dabur noted a year-on-year improvement in FMCG consumption for the quarter, but the recovery has been gradual at best. A mild summer weighed on its food & beverage (F&B) business.
This, along with many festivals falling in Q3 this year instead of Q2 means the revenue in this segment is expected to fall slightly from ₹431 crore (excluding Badshah acquisition) seen in Q2FY23. Other verticals—healthcare, and home & personal care (HPC)—are likely to grow in high single digits each. In Q1, these segments saw revenue growth of 10% and 11%, respectively.
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