Dabur India expects low to mid single-digit revenue growth in Q3

Dabur India expects a "low to mid single- digit revenue growth" for the quarter ended December 2022 on account of the challenging macroeconomic environment and muted category growth during the period.

However, the homegrown FMCG major said inflation started to cool off during the quarter and as a result, gross margins would be marginally better sequentially on a consolidated basis.

"Overall, the consolidated revenue is expected to report low to mid single-digit growth," Dabur said in an update for Q3 FY23.

During the December quarter, the demand trends for the FMCG industry remained "weak" with rural markets continuing to remain under pressure and this was further accentuated by the late onset of winter in North India, it said.

However, early signs of moderate recovery were visible towards the latter part of the quarter coupled with some abatement in inflation.

"The improving macroeconomic environment, positive steps being taken by the government and the expected stimulus of the .