Packaged consumer goods maker chairman Mohit Burman said these are unprecedented times with economies facing one crisis after another, while addressing shareholders at the company’s annual general meeting on Friday.
“These are unprecedented times with economies facing one crisis after another. As we slowly recovered from the aftermath of Covid, the world was hit by a consequential crisis of high inflation, which was further aggravated by the recent geopolitical events, including the Ukraine war,” Burman, who was named chairman of the company, after
Amit Burman resigned from the post, said.
He said the company is keeping a close watch on inflationary trends, amid market volatility and global geopolitical uncertainties. “We are closely monitoring the emerging situation and will continue to make sustained efforts to drive demand for our brands by enhancing our rural footprint and ploughing investments behind our power brands,” Burman said.
Dabur ended the financial year 2021-22 with consolidated revenue of Rs 10,889 crore and net profit of Rs 1,824 crore. Burman said the company has recorded its highest-ever revenue growth in eight years, with consolidated revenue for the year crossing Rs 10,000 crore mark for the first time, with an annual growth of 13.9%.
brands – Meswak and Real Drinks – crossed Rs 100 crore in turnover, and the company now has 14 brands with an individual turnover of over Rs 100 crore each.
Burman said recent months and quarters have seen a “dramatic surge” in inflation, which also began hurting consumer sentiments. “We have combated these challenges through a mix of cost control measures and pricing actions.”
Dabur’s rural footprint has expanded to around 90,000 villages in 2021-22 and the company said it plans to take this up to 100,000 villages in the current financial year.
At an overall level, the maker of Real juices and Vatika shampoo directly reaches 1.3 million outlets and has forecasted the reach to grow to 1.4 million by the end of 2022-23.