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Overall, the company expects gross margin to hover around FY23 levels of about 41% in the coming quarters. Ebitda margin is likely to taper from the highs seen in Q4 and moderate to full-year FY23’s margin of about 17.5%.
The company’s operating revenue grew by 21% year-on-year (y-o-y) to ₹4,831 crore in the last quarter, surpassing analysts’ expectations.
The launch of sport utility vehicles (SUVs)— Grand Vitara and new Brezza—too did not do enough to increase the company’s passenger vehicle (PV) market share in FY23.
The launch of sport utility vehicles (SUVs)— Grand Vitara and new Brezza—too did not do enough to increase the company’s passenger vehicle (PV) market share in FY23.
A rebound in demand in rural India will be crucial for Dabur, as it derives a bulk of its revenue from these regions.