Dabur India expects its food and beverage business to become a Rs. 5,000 crore business in the next 5 years, growing at about 19–20 percent.
Mohit Malhotra, CEO, Dabur, said, “Our food and beverage business has got a lot of legs with the equity of Real, Badshah Masala, and Hommade. The food and beverage portfolio, which is in the range of Rs 1,700 crore, should double in the next five to six years, growing close to 19%. So, we’re looking at around Rs 4,000 to 5,000 crore in the next five years for our food and beverage vertical.”
Dabur reported a 30 percent growth in its food and beverage segment to Rs. 1,724 crores in FY23 (excluding Badshah Masala).
The company’s consolidated revenue for the year stood at Rs. 11,529 crore, witnessing a rise of 5.9 percent from Rs. 10,888 crores in FY22. The FMCG company’s net profit for FY23 was Rs. 1,707 crores. Malhotra said during the call that he expects Badshah Masala to witness 20 percent growth next year going forward.
For its overall food portfolio, he shared that the company is eyeing Rs. 500 crores in revenue next year. Dabur’s beverage business, which includes juices and fruit drinks, recorded Rs. 200 crores in sales in the year ended March 31, 2023. The company is projecting the segment to grow to Rs. 500 crores in the next 2–3 years.