Dabur India Announces Financial Results for FY 2023-24, Recommends Final Dividend
Dabur India Limited has released its audited financial results for Q4 and FY 2023-24. The company's Board has recommended a final dividend of Rs. 2.75 per equity share (275%). ICRA Limited reaffirmed Dabur's [ICRA]AAA(Stable) credit rating. The company's outstanding qualified borrowings increased to Rs. 574.00 crores from Rs. 336.00 crores at the beginning of the year. Statutory auditors issued an unmodified opinion on the financial results.

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Dabur India Limited, a leading Indian consumer goods company, has released its audited financial results for the quarter and year ended March 31, 2024. The company's Board of Directors has approved both consolidated and standalone financial statements, which include segment-wise results, cash flow statements, and balance sheets.
Dividend Announcement
In a move that will likely please shareholders, Dabur India has recommended a final dividend of Rs. 2.75 per equity share, representing a 275% dividend for the financial year 2023-24. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting.
Financial Audit and Credit Rating
The company's statutory auditors have issued an unmodified opinion on the financial results, indicating that the financial statements present a fair and accurate view of Dabur India's financial position. This clean audit report underscores the company's commitment to transparency and adherence to accounting standards.
Dabur India continues to maintain a strong credit profile, with ICRA Limited reaffirming its [ICRA]AAA(Stable) credit rating. This top-tier rating reflects the company's robust financial health and its ability to meet financial obligations.
Large Corporate Borrowings
As part of its financial disclosures, Dabur India reported on its status as a large corporate entity. The company's outstanding qualified borrowings stood at Rs. 574.00 crores at the end of the financial year, marking an increase from Rs. 336.00 crores at the beginning of the year. This increase in borrowings may indicate expansion activities or strategic investments made by the company during the fiscal year.
While specific details of the company's financial performance were not provided, the approval of financial statements by the Board and the recommendation of a substantial dividend suggest a positive outcome for the fiscal year 2023-24. Investors and market analysts will likely look forward to more detailed disclosures in the coming days to gain deeper insights into Dabur India's performance across various segments and its future outlook.
As one of India's leading FMCG companies, Dabur India's financial results and corporate actions are closely watched by the market. The company's ability to maintain its high credit rating and offer a significant dividend demonstrates its resilience and strong market position.