Latest news with #MohitMalhotra
Business Recorder
9 hours ago
- Business
- Business Recorder
Dabur India beats first-quarter profit view on rural demand strength, retail expansion
Dabur India reported first-quarter profit above estimates on Thursday, benefiting from strong demand and as it expanded its retail footprint in rural areas. The company reported a consolidated net profit rose 3% to 5.14 billion rupees ($58.69 million), from 5 billion rupees a year ago. Analysts, on average, were expecting a profit of 4.95 billion rupees. Indian consumer companies have battled margin pressures for several quarters, as elevated living costs and muted urban wage growth squeezed discretionary spending and commodity costs rose. Indian consumer firms Dabur, Godrej flag Q1 profit pressures Rural demand, which has grown faster than urban for several quarters, has cushioned some of the impact. This helped the company post a consolidated revenue growth of 1.7% year-on-year to 34.05 billion rupees. 'While urban shown signs of sequential improvement, it still lags rural growth,' CEO Mohit Malhotra said in a press release. Additionally, Dabur, like other consumer majors such as ITC and Nestle India, has been expanding its distributional footprint in rural areas. Its direct reach was higher by 63,000 outlets year-on-year in the first quarter, reaching a total of 1.52 million outlets. Dabur logged growth in categories such as its namesake honey, housed in the healthcare segment, and its toothpastes, air fresheners, and hair care oils, which are part of the home and personal care segment. Shares of the company closed 1.3% higher on the day, tracking a broader rise in the consumer stocks index, which closed 1.44% higher. Rival Hindustan Unilever also reported profit growth, in part due to the ongoing recovery in rural sales.
Economic Times
11 hours ago
- Business
- Economic Times
Dabur Q1 Results: Cons PAT grows 3% YoY to Rs 514 crore, revenue up 2%
FMCG major Dabur India on Thursday reported a 3% year-on-year (YoY) increase in its Q1 consolidated net profit to Rs 514 crore compared to Rs 500 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the holding company. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Category Growth and Key Takeaways FMCG major Dabur India on Thursday reported a 3% year-on-year (YoY) increase in its Q1 consolidated net profit to Rs 514 crore compared to Rs 500 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the holding company's revenue from operations stood at Rs 3,405 crore, which was up 2% versus Rs 3,349 crore posted in the corresponding quarter of the last financial PAT jumped 61% on a sequential basis from Rs 320 crore reported in Q4FY25, while the topline grew by 20% versus Rs 2,830 crore in the January-March quarter of Ayurveda major said that the unseasonal rains during peak summer months impacted the performance of Dabur 's summer-centric portfolio, particularly in categories like beverages. Excluding this seasonal portfolio, the business grew by 7% in Q1 of facing inflationary headwinds during the quarter, Dabur delivered a 2% growth in operating profit, outpacing topline growth."This performance was anchored by solid market share gains across 95% of our portfolio, reflecting the trust of our consumers, the resilience of our brands and the agility of our teams to navigate challenges and deliver ahead of expectations," CEO Mohit Malhotra said, commenting on the first quarter saw steady growth across key verticals like digestives, toothpaste, hair care, skin care, and home rains during peak summer months impacted the performance of summer-centric portfolio, particularly in categories like beverages and glucose, though its diversified product mix and agile supply chain helped cushion the impact and maintain overall Dabur Red Paste and the premium brand Meswak, Dabur's Toothpaste business reported a 7.3% growth during the first 100% Fruit Juice portfolio under the Real Activ brand grew by 20%, while the Digestives portfolio grew by 7.7%.Home Care business posted a 10.1% Skin & Salon portfolio also grew by 9.2% while the Hair Care business posted a 7% secondary growth during the five consecutive quarters, rural markets have outperformed urban. This quarter too, the growth from Bharat stood 390 bps ahead of urban India, both in value and volume reach surged by 63,000 outlets year-on-year, now spanning 1.52 million outlets, up from 1.45 million in Ql village coverage expanded by around 10,000 villages, reaching 1.33 lakh villages.
Time of India
11 hours ago
- Business
- Time of India
Dabur Q1 Results: Cons PAT grows 3% YoY to Rs 514 crore, revenue up 2%
FMCG major Dabur India on Thursday reported a 3% year-on-year (YoY) increase in its Q1 consolidated net profit to Rs 514 crore compared to Rs 500 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the holding company. The company's revenue from operations stood at Rs 3,405 crore, which was up 2% versus Rs 3,349 crore posted in the corresponding quarter of the last financial year. Explore courses from Top Institutes in Please select course: Select a Course Category Product Management Data Science Design Thinking MCA Finance Data Analytics Degree healthcare CXO Healthcare Public Policy Artificial Intelligence Others Technology others Digital Marketing Management Data Science PGDM MBA Leadership Cybersecurity Project Management Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details The PAT jumped 61% on a sequential basis from Rs 320 crore reported in Q4FY25, while the topline grew by 20% versus Rs 2,830 crore in the January-March quarter of FY25. The Ayurveda major said that the unseasonal rains during peak summer months impacted the performance of Dabur's summer-centric portfolio, particularly in categories like beverages. Excluding this seasonal portfolio, the business grew by 7% in Q1 of 2025-26. Despite facing inflationary headwinds during the quarter, Dabur delivered a 2% growth in operating profit, outpacing topline growth. "This performance was anchored by solid market share gains across 95% of our portfolio, reflecting the trust of our consumers, the resilience of our brands and the agility of our teams to navigate challenges and deliver ahead of expectations," CEO Mohit Malhotra said, commenting on the earnings. Category Growth and Key Takeaways The first quarter saw steady growth across key verticals like digestives, toothpaste, hair care, skin care, and home care. Unseasonal rains during peak summer months impacted the performance of summer-centric portfolio, particularly in categories like beverages and glucose, though its diversified product mix and agile supply chain helped cushion the impact and maintain overall momentum. Flagship Dabur Red Paste and the premium brand Meswak, Dabur's Toothpaste business reported a 7.3% growth during the first quarter. The 100% Fruit Juice portfolio under the Real Activ brand grew by 20%, while the Digestives portfolio grew by 7.7%. Home Care business posted a 10.1% jump. The Skin & Salon portfolio also grew by 9.2% while the Hair Care business posted a 7% secondary growth during the quarter. For five consecutive quarters, rural markets have outperformed urban. This quarter too, the growth from Bharat stood 390 bps ahead of urban India, both in value and volume terms. Dabur's reach surged by 63,000 outlets year-on-year, now spanning 1.52 million outlets, up from 1.45 million in Ql 2024-25. The village coverage expanded by around 10,000 villages, reaching 1.33 lakh villages.
India Today
17-07-2025
- Sport
- India Today
Durand Cup 2025: ISL presence halved, Manipur joins as new co-host
The upcoming Durand Cup may see participation from only six Indian Super League teams this year, down from 12 last season, but Asia's oldest football tournament has received a significant prize money boost, the organisers announced on reduced ISL presence could largely be due to the ongoing deadlock between Football Sports Development Limited and the All India Football Federation (AIFF) over the renewal of the Master Rights uncertainty has forced the ISL to put its 2025–26 season "on hold", creating confusion for franchises about their team building, schedules and commitments, and resulting in fewer ISL clubs confirming participation in the Durand Cup, starting July 23. Calling the situation "unprecedented", Chief of Staff, Headquarters Eastern Command, and Chairman of the Durand Cup Organising Committee, Lt Gen Mohit Malhotra, said: "It's all in front of you.""It won't be appropriate for us to comment on this, but what we are certain of is that both parties are committed to the development of Indian football and we hope the matter will be resolved soon."As far as the Durand Cup is concerned, we have received tremendous support from FSDL and the AIFF over the years and we remain thankful to them."Lt Gen Malhotra also announced that the prize money this year has been increased from less than Rs 1.2 crore to Rs 3 crore, and three SUVs will be awarded to individual awardees -- like the Best Goalkeeper, Golden Boot, and Golden Ball winners -- will receive champion team will be invited to Rashtrapati Bhavan, where the President will hand over the President's six ISL teams -- Mohun Bagan, East Bengal, Mohammedan Sporting, Jamshedpur FC, Punjab FC and defending champions NorthEast United FC -- have confirmed their participation this the tournament will have two foreign teams Tribhuwan Army FC (Nepal) and Armed Forces (Malaysia) -- up from one last will host 15 matches, including the Group A and B league fixtures, one quarter-final, one semi-final and the summit clash on August city will also for the first time see four teams in action including the newly-promoted I-League-side Diamond Harbour Bengal and South United FC will kick off the month-long tournament on July 23 at the Salt Lake Bengal Chief Minister Mamata Banerjee will inaugurate the event, state Sports Minister Arup Biswas said."It has returned to its former glory in the last few years. This is the sixth time it's being held in Kolkata," Biswas past reports of dissatisfaction among city clubs over complimentary tickets, Lt Gen Malhotra said: "These reports are incorrect. Let me tell you that as per a signed agreement, each club will receive 5,200 complimentary passes.'For the first time, the tournament will also be held in Manipur, with the Khuman Lampak Main Stadium hosting the Group F about security concerns in Manipur amid prevailing tensions, Lt Gen Malhotra said: "There is a lot of vibrancy there -- we saw that during the trophy unveiling.""Let me assure you that all necessary measures are in place in Manipur for the safe conduct of the tournament. We have also received immense support from local icons like Thoiba Singh, Mirabai Chanu and seven members of the Indian football team. We are confident of a successful outing there."- Ends
Hans India
17-07-2025
- Business
- Hans India
Durand Cup 2025 returns with prize money boost, new venues — but amid ISL uncertainty
Kolkata: Asia's oldest football tournament, the Durand Cup, is all set to kick off on July 23 with a significant increase in prize money, fresh venues, and expanded international presence. But while the tournament is poised for another vibrant edition, its build-up has been clouded by the ongoing uncertainty surrounding Indian club football — particularly the Indian Super League (ISL). The Durand Cup Organising Committee on Thursday confirmed that only six ISL clubs — Mohun Bagan, East Bengal, Mohammedan Sporting, Jamshedpur FC, Punjab FC, and defending champions NorthEast United FC — will take part this year, down sharply from 12 last season. This contraction comes amid a standoff between Football Sports Development Limited (FSDL) and the All India Football Federation (AIFF) over the renewal of the Master Rights Agreement — a deadlock that has left the ISL's 2025–26 season 'on hold.' The resulting uncertainty has made clubs hesitant about planning their rosters, training schedules, and off-season tournament commitments, including the Durand Cup. Calling the situation 'unprecedented,' Lt Gen Mohit Malhotra, Chief of Staff at the Headquarters Eastern Command and Chairman of the Durand Cup Organising Committee, acknowledged the ongoing crisis without assigning blame. 'It's all in front of you,' he said. 'It won't be appropriate for us to comment on this, but what we are certain of is that both parties are committed to the development of Indian football and we hope the matter will be resolved soon. 'As far as the Durand Cup is concerned, we have received tremendous support from FSDL and the AIFF over the years and we remain thankful to them.' In a clear attempt to reaffirm the Durand Cup's prestige, Lt Gen Malhotra announced a substantial increase in prize money — from under ₹1.2 crore last year to ₹3 crore this season. In addition to the cash incentives, top individual performers such as the Best Goalkeeper, Golden Boot winner, and Golden Ball winner will receive SUVs. The champion team will also be hosted at the Rashtrapati Bhavan, where they will be awarded the President's Cup by the President of India — a tradition that underscores the event's legacy and stature in Indian sport. This year's edition will also mark a geographical milestone, with the Durand Cup expanding into Manipur for the first time. The Khuman Lampak Main Stadium in Imphal will host Group F matches, further boosting the sport's visibility in the Northeast — a region with deep football roots. Amid ongoing tensions in Manipur, concerns around security were raised. But Lt Gen Malhotra offered firm reassurances: 'There is a lot of vibrancy there — we saw that during the trophy unveiling. Let me assure you that all necessary measures are in place in Manipur for the safe conduct of the tournament.' He also credited the support of local heroes. 'We have received immense support from local icons like Thoiba Singh, Mirabai Chanu and seven members of the Indian football team. We are confident of a successful outing there.' Kolkata will once again be at the centre of the Durand Cup's action, hosting 15 matches including the high-stakes Group A and B fixtures, a quarter-final, a semi-final, and the final on August 23. The tournament opener — East Bengal vs South United FC — will take place at Salt Lake Stadium, with West Bengal Chief Minister Mamata Banerjee set to inaugurate the month-long event. State Sports Minister Arup Biswas emphasised the tournament's revitalisation: 'It has returned to its former glory in the last few years. This is the sixth time it's being held in Kolkata.' Kolkata's lineup will feature four clubs this year, including newly-promoted I-League side Diamond Harbour FC. Responding to media reports suggesting dissatisfaction among city clubs over complimentary tickets, Lt Gen Malhotra was categorical: 'These reports are incorrect. Let me tell you that as per a signed agreement, each club will receive 5,200 complimentary passes.' Despite the reduced ISL footprint, the tournament has upped its international quotient. This year, two foreign teams — Tribhuwan Army FC (Nepal) and Armed Forces (Malaysia) — will compete, compared to just one last year. This reflects a continued effort to blend local tradition with international flavour.
