Dabur says Gulf war inflation erodes GST cut gains, forces 4% price hike
CEO Mohit Malhotra flags 10% input inflation in April-May from Middle East conflict, neutralizing GST relief. Dabur counters with grammage cuts, value growth push, and ₹500 cr D2C acquisition platform. Q4 net profit ₹369 cr (+15% YoY), sales ₹3,038 cr (+7%); rural outpaced urban by 350 bps.
What happened
Dabur CEO Mohit Malhotra says Middle East war-driven inflation (10% in April-May) has eroded GST cut benefits, forcing 4% price hikes and grammage cuts. Company
Key facts
- GST flat 5%
- inflation 10% April-May
- price hike 4%
- Q4 net profit ₹369 cr +15% YoY
- net sales ₹3,038 cr +7%
- overseas 26% of sales
- total sales ₹13,200 cr
- rural outpaced urban 350 bps
- Dabur Ventures ₹500 cr
- petrol/diesel +₹3/litre
- LPG +60%
Why this matters
The ₹500 cr D2C acquisition platform is the real story—Dabur is buying digital-native growth to hedge margin pressure in legacy FMCG, so map adjacent personal-care and ayurveda targets before valuations reset.