Navigating Resilience with Strategic Premiumization
(CMP: ₹2331 as on April 2025)
Revenue Growth:
Q4FY25 Revenue at ₹15,000 Cr, up 3% YoY (Mild improvement)
FY25 Revenue at ₹60,680 Cr, up 2% YoY
Volume Growth:
Q4FY25 and FY25 UVG at 2%
Profitability:
Q4FY25 PAT grew 4% YoY to ₹2,493 Cr
FY25 PAT grew 5% YoY to ₹10,644 Cr
Margins remained robust with EBITDA margin at 23.1% for Q4FY25 but declined by 30 bps v/s last year.
Key Highlights:
Liquids Portfolio and Premiumization driving growth.
Ice Cream, Hair Care, and Beverages categories showing strong momentum.
Debt-Free Balance Sheet
Cash and Equivalents: ₹5,947 Cr
Operating Cash Flow: ₹11,606 Cr
Dividend: ₹53/share (Yield: ~2.3%)
Accelerated premiumization into Future Core categories.
Increased digital-first marketing: 40% rise in influencer spends.
Strong e-commerce penetration: 45% GSV growth.
Rural revival strategies underway.
Short Term:
Moderate growth expected with improving macro trends in H2FY26.
Long Term:
Sustained leadership in Indian FMCG space, driven by innovation, digitization, and premiumization.
Corporate View:
✅ Hold/Gradual Accumulation for long-term portfolios.
📢 Disclosure:
This report is for educational purposes and does not constitute financial advice. Investors must exercise discretion.