Dabur
Dabur expects to report double-digit growth in both consolidated revenue and net profit for the June quarter, led by robust demand across its FMCG portfolio, record growth in the foods business and stable operating margins.
The India FMCG business is expected to post near double-digit growth, led by the Home & Personal Care segment, which is likely to expand in the high-teens. The healthcare business is expected to report mid-single-digit growth with sequential improvement, while the foods business is set to deliver record double-digit growth. The beverages portfolio also witnessed a recovery during the quarter.
The company expects EBITDA margins to remain stable, while profit after tax is likely to grow in double digits.
Godrej Consumer Products (GCPL)
Godrej Consumer Products expects consolidated revenue growth in the high-teens during the June quarter, ahead of its full-year guidance of double-digit growth.
Underlying volume growth is likely to be in the high single digits, while EBITDA is expected to exceed the company’s double-digit growth guidance.
However, margins are expected to remain under pressure during the quarter due to elevated input costs. The company said commodity costs started easing towards the end of Q1 and expects margins to improve gradually through FY27.
The standalone business is expected to post double-digit revenue growth, while the Indonesia business is likely to deliver mid-teen revenue growth.
Senco Gold
Senco Gold reported a 60% year-on-year jump in Q1 revenue, driven by a strong wedding season and festive demand.
Retail revenue grew 48%, while same-store sales rose 38% from a year ago. Old gold exchange accounted for 43% of quarterly sales.
Diamond jewellery sales value increased 40% year-on-year, while volumes grew 15%.
The company added eight new showrooms during the quarter, taking its retail network to 208 stores. While management expects the September quarter to be seasonally softer, it remains focused on protecting margins.
Nykaa
Nykaa expects gross merchandise value (GMV) growth in the early 30% range during the June quarter, with overall net revenue growth accelerating to nearly 30%.
The beauty business continues to remain resilient, with both net sales value (NSV) and net revenue expected to grow in the late-20% range.
The fashion segment continued to outperform, with NSV growth expected in the mid-50% range. The company said its partnership with Nike has delivered encouraging early results, helping fashion net revenue growth touch a multi-quarter high.
