^Vv.

Ref: SEC/SE/2025-26
€^-
Date: May 07, 2025

To, India Ltd.

Corporate Relations Department Listing Department
BSE Ltd. National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor
Dalal Street, Plot No. C/1, G Block, Bandra Kurla Complex
Mumbai- 400001 Bandra (E), Mumbai -400051

BSE Scrip Code: 500096 NSE Scrip Symbol: DABUR

Sub: Audited Financial and Segment wise Results for the quarter and year ended March
31, 2025, declaration of dividend, and fixina of Annual General Meeting

Dear Sir/Madam,

In compliance with Regulations 30, 33, 43 and 52(4) of the SEBI (Listing Obligations &
Disclosure Requirements) Regulations, 2015, ('Listing Regulations'), we would like to inform
you that the Board of Directors of the Company, in its meeting held today i.e. May 07, 2025,
have approved the following:-

i) approved the Financial and Segment wise results of the Company (Consolidated as well
as Standalone), for the quarter and year ended on March 31, 2025, Cash Flow Statement
for the year ended on March 31, 2025, and Statement of Assets and liabilities as at that
date (Consolidated as well as standalone). The said Financial Results along with Auditors'
Report thereon (Consolidated as well as Standalone) issued by Statutory Auditors of the
Company are being submitted herewith.

It is hereby confirmed that the Statutory Auditors have issued the Auditors' Report on
Financial Results (Consolidated as well as Standalone) with an unmodified opinion.

In terms of Regulation 47 of the Listing Regulations, the Quick Response Code and the
details of the webpage where complete financial results of the Company for the quarter
and year ended March 31, 2025, are accessible to the Investors, shall be published on
May 08, 2025, in all editions of Mint (English newspaper) and all editions of Deshbandhu
(hlindi newspaper).

The full Consolidated and Standalone Financial Results for the quarter and year ended
on March 31, 2025 shall be available on the websites of the Stock Exchanges, where
securities of the Company are listed i.e. www.nseindia.com and www.bseindia.com and
on the Company's website at www.dabur.com.
.»
ii) Pursuant to Regulations 30 and 43 of the Listing Regulations, the Board of Directors of
the Company have recommended Final Dividend of Rs.y-jFper equity share having face
value of Re. 1/- each (i.e.5~^s-%) for the financial year 2024-25, for approval of members
of the Company in the ensuing Annual General Meeting.
Information regarding Book closure/ Record date and dividend payment date will be
informed in due course of time.

Ashok
Digitally signed by Ashok Kumar Jain
DN: c=IN, o=Personal, title=2634,
pseudonym=fzxn5h6lv9a4tm20edjrgc
pks8q3o7w1,

Kumar
2.5.4.20=08443b3bbbcf5f80cd46cc26a
dd8b8bdd652ffd20caa6b7340b03564e
4b39dfa, postalCode=110092, 1
st=Delhi,
if
Jain
serialNumber=ecb3e1fdc2a028c70333
c2d10a7e968110c5d0645b352ed6dfd1
bc6aad8147b3, cn=Ashok Kumar Jain
Date: 2025.05.07 15:47:19 +05'30'

DABUR INDIA LIMITED, Punjabi Bhawan, 10, Rouse Avenue, New Delhl-110 002, Tel.: +91 11 71206000 Fax: +91 11 23222051
Regd. Office: 8/3, AsafAli Road, New Delhi -110 002 (India)
, CIN: L24230DL1975PLC007908, Email: corpcomm@dabur.com, Website: www.dabur.com
 ^^v..
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India Ltd.

iii) The Board has fixed the date of the fiftieth Annual General Meeting (50th AGM) of
Shareholders of the Company, which shall be held on Thursday, August 7, 2025 at
3.00 PM (1ST) by way of Video Conferencing/ Other Audio - Visual Means.

The Board meeting commenced at Qt ; -^ o ^M and concluded at 0:3 : 3 5~ t>r^

This is for your information and records.

Thanking You,

Yours faithfully,
Ashok
Digitally signed by Ashok Kumar Jain
For Dabur India Limited DN: c=IN, o=Personal, title=2634,
pseudonym=fzxn5h6lv9a4tm20edjrgc
pks8q3o7w1,

Kumar
2.5.4.20=08443b3bbbcf5f80cd46cc26a
dd8b8bdd652ffd20caa6b7340b03564
e4b39dfa, postalCode=110092,
st=Delhi,

Jain
serialNumber=ecb3e1fdc2a028c70333
c2d10a7e968110c5d0645b352ed6dfd

—/p^w^—
1bc6aad8147b3, cn=Ashok Kumar Jain
Date: 2025.05.07 15:47:48 +05'30'

(Ash6k Kur^ar J^iin)

Group Company Secretary and Chief Compliance Officer

End: as above

DABUR INDIA LIMITED, Punjabi Bhawan, 10, Rouse Avenue, New Delhl-110 002, Tel.: +91 11 71206000 Fax: +91 n 23222051
Regd. Office: 8/3, Asaf All Road, New Delhi -110 002 (India)
, CIN: L24230DL1975PLC007908, Email: corpcomm@dabur.com, Website: www.dabur.com
TELEPHONE : 2212-6253, 2212-801b
FAX :00-91-33-2212 7476
BASU HOUSE
WEBSITE: www.gbasuandcompany.org
G. BASU & Co. 1ST FLOOR
CHARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
E-MAIL: s.lahiri@gbasu.in
KOLKATA - 700 072

Independent Auditor's Report on Consolidated Financial Results for the Quarter and Year
ended on 31 March 2025

To the Board of Directors of Dabur India Limited

Opinion

1. We have audited the accompanying consolidated financial results ('the Statement') of Dabur
India Limited ('the hlolding Company') and its subsidiaries (the hlolding Company and its
subsidiaries together referred to as 'the Group') and its joint venture for the quarter and year
ended 31 March 2025, attached herewith, being submitted by the Holding Company pursuant
to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing
Regulations').

2. In our opinion and to the best of our information and according to the explanations given to us,
the Statement:

(i) includes the financial results of the entities listed in Annexure 1;

(ii) presents financial results in accordance with the requirements of Regulation 33 and
Regulation 52 read with Regulation 63 of the Listing Regulations; and

(iii) gives a true and fair view in conformity with the applicable Indian Accounting Standards
('Ind AS') prescribed under section 133 of the Companies Act, 2013 ('the Act') read with the
Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles
generally accepted in India, of the consolidated net profit after tax and other comprehensive
income and other financial information of the Group, and its joint venture, for the quarter
and year ended 31 March 2025.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing specified under section
143(10) of the Act. Our responsibilities under those standards are further described in the
Auditor's Responsibilities for the Audit of the Statement section of our report. We are
independent of the Group and its joint venture, in accordance with the Code of Ethics issued by
the Institute of Chartered Accountants of India ('the ICAI') together with the ethical requirements
that are relevant to our audit of the financial results under the provisions of the Act, and the
rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence obtained by us is
sufficient and appropriate to provide a basis for our opinion.
TELEPHONE : 2212-6253, 2212-80K)
FAX : 00-91-33-2212 7476
BASU HOUSE
WEBSITE : www.gbasuandcompany.org
G. BASU & Co. 1ST FLOOR
CHARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
E-MAIL: s.lahiri@gbasu.in
KOLKATA - 700 072

Responsibilities of Management and Those Charged with Governance for the Statement

4. The Statement, which is the responsibility of the hlolding Company's management and has
been approved by the hlolding Company's Board of Directors, has been prepared on the basis
of the consolidated annual financial statements. The hlolding Company's Board of Directors is
responsible for the preparation and presentation of the Statement that gives a true and fair view
of the consolidated net profit or loss and other comprehensive income, and other financial
information of the Group including its joint venture in accordance with the Ind AS prescribed
under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules,
2015 and other accounting principles generally accepted in India and in compliance with
Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. The
hlolding Company's Board of Directors is also responsible for ensuring accuracy of records
including financial information considered necessary for the preparation of the Statement.
Further, in terms of the provisions of the Act, the respective Board of Directors/ management of
the companies included in the Group and its joint venture, covered under the Act, are
responsible for maintenance of adequate accounting records in accordance with the provisions
of the Act, for safeguarding of the assets of the Group, and its joint venture, and for preventing
and detecting frauds and other irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls, that were operating
effectively, for ensuring the accuracy and completeness of the accounting records, relevant to
the preparation and presentation of the financial results, that give a true and fair view and are
free from material misstatement, whether due to fraud or error. These financial results have
been used for the purpose of preparation of the Statement by the Directors of the Holding
Company, as aforesaid.

5. In preparing the Statement, the respective Board of Directors of the companies included in the
Group and of its joint venture, are responsible for assessing the ability of the Group and of its
joint venture, to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting, unless the respective Board of
Directors/ management either intends to liquidate the Group or to cease operations, or has no
realistic alternative but to do so.

6. The respective Board of Directors of the companies included in the Group and of its joint
venture, are responsible for overseeing the financial reporting process of the companies
included in the Group and of its joint venture.

Auditor's Responsibilities for the Audit of the Statement

7. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is
free from material misstatement, whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance but is not a
guarantee that an audit conducted in accordance with Standards on Auditing specified under
section 143(10) of the Act will always detect a material misstatement, when it exists.
Misstatements can arise from fraud or error, and are considered material if, individually, or in
the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of this Statement.
TELEPHONE : 2212-6253, 2212-801b BASU HOUSE
FAX : 00-91-33-2212 7476
WEBSITE: www.gbasuandcompany.org
G. BASU & Co. 1ST FLOOR
CIIARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
E-MAIL: s.lahiri@gbasu.m KOLKATA-700072

8. As part of an audit in accordance with the Standards on Auditing specified under section
143(10) of the Act, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting
from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3) (i) of the Act,
we are also responsible for expressing our opinion on whether the Holding Company has
adequate internal financial controls system with reference to financial statements in place
and the operating effectiveness of such controls.

Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the management.

Conclude on the appropriateness of management's use of the going concern basis of

accounting and, based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the ability of the
Group and its joint venture, to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's report to the related
disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion.
Our conclusions are based on the audit evidence obtained up to the date of our auditor's
report, hlowever, future events or conditions may cause the Group and its joint venture to
cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the Statement, including the
disclosures, and whether the Statement represents the underlying transactions and events
in a manner that achieves fair presentation.

Obtain sufficient appropriate audit evidence regarding the financial statements/ financial
information of the entities within the Group, and its joint venture, to express an opinion on
the Statement. We are responsible for the direction, supervision and performance of the
audit of financial information of such entities included in the Statement, of which we are the
independent auditors. For the other entities included in the Statement, which have been
audited by the other auditor, such other auditor remain responsible for the direction,
supervision and performance of the audits carried out by them. We remain solely
responsible for our audit opinion.

9. We communicate with those charged with governance of the Holding Company and such other
entity included in the Statement, of which we are the independent auditors, regarding, among
other matters, the planned scope and timing of the audit and significant audit findings, including
any significant deficiencies in internal control that we identify during our audit.

10. We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.

11. The performance of procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019
dated 29 March 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended), is not applicable
TELEPHONE : 2212-6253, 2212-801b
FAX : 00-91-33-2212 7476
BASU HOUSE
WEBSITE: www.gbasuandcompany.org
G. BASU & Co. 1ST FLOOR
CHARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
E-MAIL: s.lahiri@gbasu.in
KOLKATA-700072
herein considering all entities (except for the one referred to in para 12 below) under
consolidation are audited by us.

Other Matters

12. The Statement includes the Group's share of net profit after tax of ? 0.55 crores, and total
comprehensive profit of ? 0.55 crores for the year ended 31 March 2025, in respect of a joint
venture, based on their annual financial information, which have not been audited by their
auditor. These financial information have been furnished to us by the hlolding Company's
management. Our opinion, in so far as it relates to the amounts and disclosures included in
respect of the aforesaid joint venture, is based solely on such unaudited financial information.
In our opinion, and according to the information and explanations given to us by the
management, these financial information are not material to the Group. Our opinion is not
modified in respect of this matter with respect to our reliance on the financial information certified
by the Board of Directors.

13. The Statement includes the consolidated financial results for the quarter ended 31 March 2025,
being the balancing figures between the audited consolidated figures in respect of the full
financial year and the published unaudited year-to-date figures up to the third quarter of the
current financial year, which were subject to limited review by us

For G Basu & Co

Chartered Accountants
Firm Registration^No: 301174E
A

lh^-
Subroto Lahiri
Partner
Membership No. 051717

UDIN •• ^sos}'i n ^^oxsi^°ii^^

Place: New Delhi
Date : 07 May 2025
TELEPHONE : 2212-6253, 2212-801b
FAX : 00-91-33-2212 7476 BASU HOUSE
WEBSITE: www.gbasuandcompany.org
G. BASU & Co. 1ST FLOOR
CdARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
E-MAIL: s.lahiri@gbasu.m
KOLKATA-700072

Annexure 1

List of entities included in the Statement

Subsidiaries:
H & B Stores Limited, Badshah Masala Private Limited, Dermoviva Skin Essentials INC, Dabur
International Limited, Dabur International FZE, Naturelle LLC, Dabur Egypt Limited, African
Consumer Care Limited, Dabur Nepal Private Limited, Asian Consumer Care Pakistan Private
Limited, Dabur Bangladesh Private Limited, Hobi Kozmetik, RA Pazarlama, Dabur Lanka Private
Limited, Namaste Laboratories LLC, Urban Laboratories International LLC, Hair Rejuvenation &
Revitalization Nigeria Limited, Healing Hair Laboratories International LLC, Dabur (UK) Limited,
Dabur Consumer Care Private Limited, Dabur Tunisie, Dabur Pakistan Private Limited, Dabur Pars,
Dabur South Africa (PTY) Limited, D and A Cosmetics Proprietary Limited, Atlanta Body and Health
Products Proprietary Limited and Excel Investments FZE.

Joint venture:
Forum I Aviation Private Limited.
Dabur India Limited
Statement of Audited consolidated financial results for the quarter and year ended 31 March 2025 ^
&r
(? in crores)
SI.No Particulars Quarter ended Preceding quarter Corresponding Current year Previous year
(31/03/2025) ended quarter ended ended ended
(31/12/2024) (31/03/2024) (31/03/2025) (31/03/2024)

(Refer note 5) | (Unaudited) | (Refer note 5) (Audited) (Audited)

1 Income
Revenue from operations 2,830.14 3,355.25 2,814.64 12,563.09 12,404.01
Other income 141.15 128.03 128.85 550.10 482.41
Total income 2,971.29 3,483.28 2,943.49 13,113.19 12,886.42
2 Expenses
Cost of materials consumed (including excise duty) 1,341.32 1,220.17 1,219.62 5,263.68 5,186.90
Purchases of stock in trade 260.26 404.46 280.40 1,328,28 1,211.11
Changes in inventories of finished goods, stock-in-trade and work-in- (92.52) 118.21 (53.26) (57,10) 48.95
progress
Employee benefits expense 294.36 335.16 316.23 1,291.23 1,239.56
Finance costs 39.25 44.20 35.24 163.50 124.18
Depreciation and amortisation expense 116.87 108.64 107.36 445.60 399.21
Other expenses
Advertisement and publicity 176.40 226.72 183.65 864.64 849.06
Others 423.45 368.64 401.19 1,556.02 1,468.20
Total expenses 2,559.39 2,826.20 2,490.43 10,855.85 10,527.17
3 Profit before share of profit/floss) from joint venture, exceptional items 411.90 657.08 453.06 2,257.34 2,359.25
Share of profit/(loss) of joint venture 0.01 0.50 (0.40) 0.55 ^(0.51)1
4 | Profit before exceptional items and tax 411.91 657.58 452.66 2,257.89 2,358.74
5 ] Exceptional items
6 Profit before tax 411.91 657.58 452.66 2,257.89 2,358.74
7 Tax expense
i Current tax 89.79 138.81 113.46 499.06 539.53
Deferred tax 9.39 2.95 (2.02) 18.41 7.90
Net profit for the period/year (A) 312.73 515.82 341.22 1,740.42 1,811.31
9 Other comprehensive income
a) Items that will not be reclassified to profit or loss 8.17 (1.14) (18.66) 4.75 (2.93)1
Income tax relating to items that will not be reclassified to profit or loss (2.85) 0.40 6.55 (1.65) 1.05

b) Items that will be reclassified to profit or loss 38.44 14.96 (73.19) 105.09 (78.91)1
Income tax relating to items that will be reclassified to profit or loss (6.31) 0.33 (4.31) (19.10) (11.09)1

10 [Total other comprehensive income/floss) for the period/year (B) 37.45 14.55 (89.61) 89.09 (91.88)1
11 |Total comprehensive income for the period/year (A+B) 350.18 530.37 251.61 1,829.51 1,719.43

Net profit attributable to:

Owners of the holding company 320.13 522.38 349.53 1,767.63 1,842.68
Non-controlling interest ,(7.40) (6.56) js^l (27.21) (31.37)1

Other comprehensive income attributable to:

Owners of the holding company 37.45 14.55 (89.60) 89.09 (91.86)1
Non-controllingjnterest J2M (0,02)1

Total comprehensive income attributable to^

Owners of the holding company 357.58 536.93 259.93 1,856.72 1,750.82
Non-controlling interest (7.40) (6.56) (8.32) (27.21) (31.39)1

12 [Paid-up equity share capital (Face value of ? leach) 177.23 177.23 177.20 177.23 177.20
13 JOther equity 10,623.46 9,683.10
14 | Earnings per share (Face value of ? 1 each) (not annualised)
Basic (?) 1.81 2.95 1.97 9.97 10.40
Diluted (?) 1.80 2.94 1.97 9.95 10.38

^
^
Dabur India Limited
Audited consolidated segment wise revenue, results, assets and liabilities for the quarter and year ended 31 March 2025 ^
(? in crores)
SI.No | Particulars Quarter ended Preceding Corresponding Current year Previous year
(31/03/Z025) quarter ended quarter ended ended ended
(31/12/2024) (31/03/2024) (31/03/2025) (31/03/2024)

(Refer note 5) | (Unaudited) ] (Refer note 5) (Audited) (Audited)

1 Segment revenue
A. Consumer care business 2,254.98 2,850,34 2,213.96 10,160.10 9,942.20
B. Food business 500.48 429.55 527.69 2,100.61 2,178.59
C. Retail business 24.56 32.61 30.88 115.47 123.37
D. Other segments 39.81 34.04 31.81 150.29 122.79
E. Unallocated other operating revenue 10.31 8.71 10.30 36.62 37.06
Revenue from operations 2,830.14 3,355.25 2,814.64 12,563.09 12,404.01
2 Segment results
A. Consumer care business 419.24 674.50 450.28 2,271.08 2,304.53
B. Food business 60.07 58.47 67.59 267.64 303.60
C. Retail business 0.24 0.37 0.84 (0.79) 1.27
D. Other segments 3.81 5.00 1.68 16.85 11.84
Sub Total 483.36 738.34 520.39 2,554.78 2,621.24
Less: Finance costs 39.25 44.20 35.24 163.50 124.18
Less: Unallocable expenditure net off unallocable income 10.34 15.19 10.21 46.46 50.33
Less: Amortisation of intangible assets recognised on consolidation 21.87 21.87 21.88 87.48 87.48
Profit before share of profit/floss) from joint venture, exceptional 411.90 657.08 453.06 2,257.34 2,359.25
items and tax
Share of profit / (loss) of joint venture 0.01 0.50 (0.40) 0.55 (0.51)1
Profit before exceptional items and tax 411.91 657.58 452.66 2,257.89 2,358.74
Exceptional items
Profit before tax 411.91 657.58 452.66 2,257.89 2,358.74
Less: Tax expenses 99.18 141.76 111.44 517.47 547.43
Net profit for the period/year 312.73 515.82 341.22 1,740.42 1,811.31
3 Segment assets
A. Consumer care business 5,707.05 5,635.49 5,348.25 5,707,05 5,348.25
B. Food business 1,792.71 1,780.45 1,583.66 1,792.71 1,583.66
C. Retail business 105.43 106,20 120.90 105.43 120.90
D. Other segments 68.63 67.60 66.51 68.63 66.51
E. Unallocated 8,558.46 8,523.37 8,003.36 8,558.46 8,003,36
Total 16,232.28 16,113.11 15,122.68 16,232.28 15,122.68
4 Segment liabilities
A. Consumer care business 2,158.72 2,152.59 1,912.20 2,158.72 1,912.20
B. Food business 786.64 770,08 607.46 786.64 607.46
C. Retail business 137.58 136.00 142.82 137.58 142.82
D. Other segments 31.66 33.20 29.52 31.66 29.52
E. Unallocated 1,907.42 2,152.52 2,127.60 1,907.42 2,127.60
Total 5,022.02 5,244.39 4,819.60 5,022.02 4,819.60

x^
^
Additional disclosures as per regulation 52(4) of Securities & Exchange Board of India (Listing Obligations and ^;ll!A?8
Disclosure Requirements) Regulations, 2015 on consolidated financial results for the quarter and year ended 31 march s?
2025:
(? in crores, except ratios)
SI.No. | Particulars Quarter ended Preceding Corresponding Current year Previous year
(31/03/2025) quarter ended quarter ended ended ended
(31/12/2024) (31/03/2024) (31/03/2025) (31/03/2024)

(Refer note 5) | (Unaudited) ] (Refer note 5) (Audited) (Audited)

(a) | Outstanding redeemable preference shares
Capital redemption reserve/debenture redemption
(b)
reserve
(c) I Reserves (excluding revaluation/capital reserve) 10,511.60 10,171.97 9,586.58 10,511.60 9,586.58
Outstanding Debt 950.36 1,067.71 1,365.09 950.36 1,365.09
[Non-current borrowings (including current maturities) +
(d)
Non-current lease liabilities + Current borrowings +
Current lease liabilitiesl
(e) |Securities premium 548.02 547.86 534.39 548.02 534.39
Net worth 10,688.83 10,349.15 9,763.78 10,688.83 9,763.78
(f) [Equity share capital + Other equity (excluding
revaluation/caDital reserve)1
Debt equity ratio 0.09 0.10 0.14 0.09 0.14
[{Non-current borrowings (including current maturities)
(g) + Non-current lease liabilities + Current borrowings +
Current lease liabilities} / Total equity]

Long term debt to working capital 0.23 0.30 0.42 0.23 0.42
[{Non-current borrowings + Non-current lease liabilities
(including current maturities of non-current borrowings
and non-current lease liabilities)}/Current assets less
(h)
current liabilities (excluding current maturities of non-
current borrowing and non-current lease liabilities)]

Total debts to total assets ratio (in %) 5.85% 6.63% 9.03% 5.85% 9.03%|
[{Non-current borrowings (including current maturities)
(i) + Non-current lease liabilities + Current borrowings +
Current lease liabilities} / Total assets]

Debt service coverage ratio 10.29 14.54 12.67 13.49 17.39

[Profit before tax, finance costs, depreciation and
amortisation expense, exceptional items and Share of
loss in Joint venture / {Finance costs + Principal
(j)
repayment for Non-current borrowings and Non-
current lease liabilities (including current maturities of
non-current borrowings and non-current lease
liahilitipsni
Interest service coverage ratio 14.47 17.35 16.90 17.53 23.21
[Profit before tax, finance costs, depreciation and
(k)
amortisation expense, exceptional items and Share of
loss in Joint venture / Finance costs]
Current ratio 1.51 1.36 1.45 1.51 1.45
(I)
[Current assets / Current liabilities]
Bad debts to account receivable ratio (in %) 0.00% 0.00% 0.01% 0.00% 0.01%|
(m)
[Bad debts / Average trade receivables]
Current liability ratio (in %) 85.99% 87.23% 81.55% 85.99% 81.55%|
(n) [Current liabilities/Total liabilities]
Debtors turnover ft 13.88 10.22 14.03 13.88 14.03
(0)
[Sale of products / Average trade receivables]
Inventory turnover # 13.96 14.58 13.78 13.96 13.78
(p) [Sale of products/Average inventory of finished goods
and stock in trade]
Operating margin (in %) 15.08% 20.32% 16.58% 18.44% 19.35%|
[{Profit before tax, finance cost, depreciation and
(q) amortisation expense, exceptional items and Share of
loss in Joint venture and other income} / Revenue from
ODerations!
Net profit margin (in %) 11.05% 15.06% 12.12% 13.85% 14.60%|
(r)
[Profit after tax / Revenue from operations]
ft Based on TTM (Trailing Twelve Months)

'^
Dabur India Limited
Consolidated Statement of Assets and Liabilities as at 31 March 2025 ^9-
(?in crores)
Particulars As at As at
31/03/2025 31/03/2024
(Audited) (Audited)
A ASSETS
1 Non-current assets
(a) Property, plant and equipment 2,799.88 2,560.94
(b) Capital work-in-progress 166.41 209.09
(c) Investment property 43.50 45.45
(d) Goodwill 405.09 405.12
(e) Other intangible assets 741.22 803.49
(f) Intangible assets under development 2.58 23.14
(g) Investments in joint venture 7.88 7.33
(h) Financial assets
(i) Other investments 5,372.43 5,258.76
(ii) Others 21.39 20.83
(i) Deferred tax assets (net) 2.53 6.32
(j) Non-current tax assets (net) 0.61 4.45
(k) Other non-current assets 136.30 98.14
Total Non-current assets 9,699.82 9,443.06
2 Current assets
(a) Inventories 2,300.11 1,946.97
(b) Financial assets
(i) Investments 2,087.55 1,666.60
(ii) Trade receivables 888.50 898.72
(iii) Cash and cash equivalents 184.27 247.60
(iv) Bank balances other than (iii) above 393.74 418.76
(v) Others 44.02 42.51
(c) Current tax asset (net) 2.56 0.08
(d) Other current assets 631.71 458.38
Total current assets 6,532.46 5,679.62
TOTAL ASSETS 16,232.28 15,122.68
B EQUITY AND LIABILITIES
1 Equity
(a) Equity share capital 177.23 177.20
(b) Other equity 10,623.46 9,689.10
Equity attributable to shareholders of the Company 10,800.69 9,866.30
(c) Non-controlling interest 409.57 436.78
Total equity 11,210.26 10,303.08
2 Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings 304.03 535.97
(ii) Lease liabilities 181.92 170.27
(iii) Other financial liabilities 1.91 5.59
(b) Provisions 71.45 68.31
(c) Deferred tax liabilities (net) 144.27 109.03
Total non-current liabilities 703.58 889.17
3 Current liabilities
(a) Financial liabilities
(i) Borrowings 426.09 622.10
(ii) Lease liabilities 38.33 36.75
(iii) Trade payables
Due to micro and small enterprises 132.49 184.98
Due to others 2,692.85 2,236.73
(iv) Other financial liabilities 367.10 312.60
(b) Other current liabilities 134.15 112.35
(c) Provisions 260.53 249.89
(d) Current tax liabilities (net) 266.90 175.03
Total current liabilities 4,318.44 3,930.43
TOTAL EQUIT/ AND LIABILITIES 16,232.28 15,122.68

^
^
Dabur India Limited <&.
Consolidated statement of Cash Flows for the year ended 31 March 2025
(? in crores)
Particulars Current year Previous year
ended ended
31/03/2025) (31/03/2024)
(Audited) (Audited)
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax 2,257.89 2,358.74
Adjustments for:
Depreciation and amortisation expense 445.60 399.21
(Gainj/loss on disposal of property, plant and equipment (net) (6.67)1 1.78
Share based payment expense 13.50 50.43
Provision for disputed liabilities 10.50 15.00
Provision for employee benefits 3.14 24.83
Finance costs 163.51 124.18
Interest income (408.16) (393.10)1
Unrealised foreign exchange loss (net) 2.69 1.01
Expected credit loss/impairment of financial and non-financial assets 3.81 8.14
Share of (profit)/loss of joint venture (0.55) 0.51
Gain on fair valuation of financial instruments (net) (28.15) (39.45)1
Net gain on sale of financial assets measured at FVTPL (77.95) (18.51)1
Effect of exchange rates on translation of operating cashflows 23.10 (126.52)1
Operating profit before working capital changes and other adjustments 2,402.26 2,406.25
Working capital changes and other adjustments:
Inventories (353.14) 77.24
Trade receivables 12.22 (55.34)]
Current and non-current financial assets 1.46 (4.92)1
Other current and non-current assets (208.86) (203.77)1
Trade payables 407.18 216.57
Other current and non-current financial liabilities 97.74 26.19
Other current liabilities and provisions 32.43 45.17
Cash flow from operating activities post working capital changes 2,391.29 2,507.39
[Direct taxes paid (net of refund) (404.54) (493.92)1
Net cash flow from operating activities (A) 1,986.75 2,013.47

B CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of property, plant and equipment, capital work-in-progress and intangible assets (569.54) (563.86)1
Proceeds from disposal of property, plant and equipment 30.43 2.98
Purchase of investments / bank deposits (6,188.40) (5,142.12)]
Proceeds from sale of investments / bank deposits 5,879.12 4,344.31
Interest received 399.28 386.95
Net cash generated used in investing activities (B) (449.11) (971.74)1

c CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from issue of equity share capital 0.03 0.03
Repayment of non-current borrowings (including current maturities) (261.86) (11.85)1
Proceed from non-current borrowing 29.92 248.86
Repayment of current borrowings (593.15) (666.42)]
Proceeds from current borrowings 608.26 382.23
Principal payment of lease liabilities (33.91) (28.94)1
Interest payment of lease liabilities (15.08) (12.65)]
Dividend paid (974.78) (965.76)1
Finance costs paid (164.77) (106.68)1
Net cash used in financing activities (C) (1,405.34: (1,161.18)1

lncrease/(decrease) in cash and cash equivalents (A+B+C) 132.30 (119.45)1

Cash and cash equivalents at the beginning of the period (21.18: 97.57
Impact of changes in exchange rates 0.85 0.70
Cash and cash equivalents at the end of the period 111.97 (21.18)1

Notes :
(a) Cash and cash equivalents comprises of:
As at As at
31/03/2025 31/03/2024
Cash and cash equivalents 184.27 247.60
Balances with banks in cash credit accounts (71.92) (268.78)1
Balances with banks in over draft accounts (0.38)
Cash and cash equivalents as per Consolidated statement of Cash Flows 111.97 (21.18)1

(b) The above Consolidated statement of Cash Flows has been prepared under the 'Indirect Method' as set out in Ind AS 7, 'Statement of Cash Flows'.

^
^
Notes:

1 The audited consolidated financial results for the quarter and year ended 31 March 2025 have been reviewed by the Audit Committee and approved by
the Board of Directors at its meeting held on 07 May 2025. The statutory auditors have expressed an unmodified opinion in the audit report on these
consolidated financial results.

2 Final dividend of ? 5.25 per share (525 % on parvalue of ? 1 each) for the financial year 2024-25 aggregating ? 930.47 crores has been proposed by the
Board of Directors.

3 During the quarter, 3,229 equity shares of face value of ^ 1 each have been allotted to the eligible employees on account of exercise of stock options
pursuant to the Dabur Employee Stock Option Scheme, 2000.
4 The figures of the previous periods/year have been re-grouped/re-classified to render them comparable with the figures of the current period.
5 Figures for the quarters ended 31 March 2025 and 31 March 2024 are the balancing figures between audited figures for the full financial year and the
reviewed year to date figures upto the third quarter of the respective financial years.
6 Dabur UK Trading Ltd. has joined the business combination as a step down wholly owned subsidiary of Dabur India Ltd., the parent company,
subsequent to the quarter ended on 31.03.2025. This new entrant is incorporated in UK as a direct wholly owned subsidiary of Dabur International FZE,
which is another step-down wholly owned subsidiary of the parent company.
7 The key standalone financial information is given below:
Particulars Quarter ended Preceding quarter| Corresponding Current year Previous year
(31/03/2025) ended quarter ended ended ended
(31/12/2024) (31/03/2024) (31/03/2025) (31/03/2024)

(Refer note 5) (Unaudited) | (Refer note 5) (Audited) (Audited)

Revenue from operations 1,964.71 2,448.26 2,039.46 9,070.71 9,135.60
Profit before tax 316.71 535.75 373.12 1,808.34 1,966.70,
Net profit for the period/year 250.54 418.08 283.15 1,403.22 1,509:21
}
Other comprehensive income/floss) 26.06 (1.84) 2.03 65.95 _^4:57 \]
Total comprehensive income for the period/year 276.60 416.24 285.18 1,46^.17 ^43^

For and on bel Boa of Di/ei

^ irman
^ iairman
N; )0021963
< New Delhi
tei May 2025
TELEPHONE : 2212-6253, 2212-8016
FAX : 00-91-33-2212 7476 BASU HOUSE
WEBSITE: www.gbasuandcompany.org G. BASU & Co. 1ST FLOOR
E-MAIL: s.lahiri@gbasu.m CIIARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
KOLKATA-700072

Independent Auditor's Report on Standalone Financial Results for the Quarter and Year
ended 31 March 2025

To the Board of Directors of Dabur India Limited

Opinion

1. We have audited the accompanying standalone financial results ('the Statement') of Dabur
India Limited ('the Company') for the quarter and year ended 31 March 2025, attached
herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and
Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended) ('Listing Regulations').

2. In our opinion and to the best of our information and according to the explanations given to us,
the Statement:

(i) presents financial results in accordance with the requirements of Regulation 33 and
Regulation 52 read with Regulation 63 of the Listing Regulations; and

(ii) gives a true and fair view in conformity with the applicable Indian Accounting Standards
('Ind AS') specified under section 133 of the Companies Act, 2013 ('the Act'), read with the
Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles
generally accepted in India, of the standalone net profit after tax and other comprehensive
income and other financial information of the Company for the year ended 31 March 2025.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing specified under section
143(10) of the Act. Our responsibilities under those standards are further described in the
Auditor's Responsibilities for the Audit of the Statement section of our report. We are
independent of the Company in accordance with the Code of Ethics issued by the Institute of
Chartered Accountants of India ('the ICAI') together with the ethical requirements that are
relevant to our audit of the financial results under the provisions of the Act and the rules
thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is
sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Management and Those Charged with Governance for the Statement

4. This Statement has been prepared on the basis of the standalone annual financial statements
and has been approved by the Company's Board of Directors. The Company's Board of
Directors is responsible for the preparation and presentation of the Statement that gives a true
and fair view of the net profit/loss and other comprehensive income and other financial
information of the Company in accordance with the Ind AS specified under section 133 of the
Act, read with the Companies (Indian Accounting Standards) Rules, 2015 and other accounting
principles generally accepted in India, and in compliance with Regulation 33 and Regulation
52 read with Regulation 63 of the Listing Regulations. This responsibility also includes
maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding of the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgments
and estimates that are reasonable and prudent; and design, implementation and maintenance
of adequate internal financial controls that were operating effectively for ensuring the accuracy
and completeness of the accounting records, relevant to the preparation and presentation of
the Statement that gives a true and fair view and is free from material misstatement, whether
due to fraud or error.
TELEPHONE : 2212-6253, 2212-80K)
FAX : 00-91-33-2212 7476 BASU HOUSE
WEBSITE: www.gbasuandcompany.org G. BASU <& Co. 1ST FLOOR
E-MAIL: s.lahiri@gbasu.m CIIARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
KOLKATA-700072
5. In preparing the Statement, the Board of Directors is responsible for assessing the Company's
ability to continue as a going concern, disclosing, as applicable, matters related to going
concern, and using the going concern basis of accounting unless the Board of Directors either
intends to liquidate the Company or to cease operations, or has no realistic alternative but to
do so.

6. The Board of Directors is also responsible for overseeing the Company's financial reporting
process.

Auditor's Responsibilities for the Audit of the Statement

7. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is
free from material misstatement, whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance but is not a
guarantee that an audit conducted in accordance with Standards on Auditing, specified under
section 143(10) of the Act, will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of this Statement.

8. As part of an audit in accordance with the Standards on Auditing, specified under section
143(10) of the Act, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting
from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act,
we are also responsible for expressing our opinion on whether the Company has in place
an adequate internal financial controls with reference to financial statements and the
operating effectiveness of such controls.

Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the management.

Conclude on the appropriateness of the management's use of the going concern basis of
accounting and based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the Company's
ability to continue as a going concern. If we conclude that a material uncertainty exists, we
are required to draw attention in our auditor's report to the related disclosures in the
Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions
are based on the audit evidence obtained up to the date of our auditor's report. However,
future events or conditions may cause the Company to cease to continue as a going
concern.

Evaluate the overall presentation, structure and content of the Statement, including the
disclosures, and whether the Statement represents the underlying transactions and events
in a manner that achieves fair presentation.

9. We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
TELEPHONE : 2212-6253, 2212-801(>
FAX : 00-91-33-2212 7476 BASU HOUSE
WEBSITE: www.gbasuandcompany.org G. BASU & Co. 1ST FLOOR
E-MAIL: s.lahiri@gbasu.m CHARTERED ACCOUNTANTS 3, CHOWRINGHEE APPROACH
KOLKATA-700072
10. We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.

Other Matter

11. The Statement includes the financial results for the quarter ended 31 March 2025, being the
balancing figures between the audited figures in respect of the full financial year and the
published unaudited year-to-date figures up to the third quarter of the current financial year,
which were subject to limited review by us.

For G Basu & Co

Chartered Accountants
Firm Registration No: 301174E

J^^ 4-/^—r
Subroto Lahiri
Partner
Membership No. 051717

UDIN: 2.50 5/7/7 BMOX^D^-^o^

Place: New Delhi
Date : 07 May 2025
Dabur India Limited
Statement of audited standalone financial results for the quarter and year ended 31 March 2025 ^
(? in crores)
SI.No I Particulars Quarter ended Preceding Corresponding Current year Previous year
(31/03/2025) quarter ended quarter ended ended ended
(31/12/20Z4) (31/03/2024) (31/03/2025) (31/03/2024)

(Refer note 5) (Unaudited) | (Refer note 5) (Audited) (Audited)

1 Income
Revenue from operations 1,964.71 2,448.26 2,039.46 9,070.71 9,135.60
Other income 118.55 105.31 114.18 451.94 417.62
Total income 2,083.26 2,553.57 2,153.64 9,522.65 9,553.22
2 Expenses
Cost of materials consumed 785.33 781.80 779.37 3,270.74 3,300.25
Purchases of stock in trade 341.89 445.50 381.79 1,678.41 1,579.05
Changes in inventories of finished goods, stock-in-trade and work-in-progress (16.27) 99.70 (58.28) 12.90 49.18
Employee benefits expense 160.24 205.98 194.29 776.86 782.14
Finance costs 22.84 28.33 23.45 99.58 81.14
Depreciation and amortisation expense 63.22 63.78 54.19 250.93 208.86
Other expenses
Advertisement and publicity 131.09 166.04 145.87 650.72 675.97
Others 278.21 226.69 259.84 974.17 909.93
Total expenses 1,766.55 2,017.82 1,780.52 7,714.31 7,586.52
3 | Profit before exceptional items and tax 316.71 535.75 373.12 1,808.34 1,966.70
4 | Exceptional items
s Profit before tax 316.71 535.75 373.12 1,808.34 1,966.70
6 Tax expense
Current tax 63.17 114.67 86.28 393.12 443.80
Deferred tax 3,00 3.00 3.69 12.00 13.69
7 Net profit for the period/year (A) 250.54 418.08 283.15 1,403.22 1,509.21
8 Other comprehensive income
a) Items that will not be reclassified to profit or loss 8.13 (1.14) (18.70) 4.71 (2.97)1
Income tax relating to items that will not be reclassified to profit or loss (2.85) 0.40 6.54 (1.65) 1.04

b) Items that will be reclassified to profit or loss 27.09 (1.43) 18.50 81.99 47.61
Income tax relating to items that will be reclassified to profit or loss (6.31) 0.33 (4.31) (19.10) (11.09)1

9 [Total other comprehensive income/(loss) for the period/year(B) 26.06 (1.84) 2.03 65.95 34.59
10 [Total comprehensive income for the period/year (A+B) 276.60 416.24 285.18 1,469.17 1,543.80
11 I Paid-up equity share capital (Face value of ? 1 each) 177.23 177.23 177.20 177,23 177.20
12 jOther equity 7,246.06 6,738.17
13 Earnings per share (Face value of ? 1 each) (not annualised)
Basic (?) 1.41 2.36 1.60 7.92 8.52
Diluted (?) 1.41 2.35 1.59 7.90 8.50

^
^
Dabur India Limited
d&.
Audited standalone segment wise revenue, results, assets and liabilities for the quarter and year ended 31 March 2025
(? in crores)
SI.No Particulars Quarter ended Preceding quarter Corresponding Current year Previous year
(31/03/2025) ended quarter ended ended ended
(31/12/2024) (31/03/2024) (31/03/2025) (31/03/2024)

(Refer note 5) | (Unaudited) | (Refer note 5) (Audited) (Audited)

1 Segment revenue
A. Consumer care business 1,525.74 2,089.86 1,581.40 7,295.00 7,281.46
B. Food business 392.04 319.00 418.83 1,600.54 1,705.25
C. Other segments 39.81 34.04 32.39 150.29 123.37
D. Unallocated other operating revenue 7.12 5.36 6.84 24.88 25.52
Revenue from operations 1,964.71 2,448.26 2,039.46 9,070.71 9,135.60
2 Segment results
A. Consumer care business 316.72 549.08 372.65 1,802.99 1,907.85
B. Food business 27.16 23.46 30.52 125.39 171.80
Other segments 3.83 5.00 1.69 16.85 11.85
Sub Total 347.71 577.54 404.86 1,945.23 2,091.50
Less: Finance costs 22.84 28.33 23.45 99.58 81.14
Less: Unallocable expenditure net off unallocable income 8.16 13.46 8.29 37.31 43.66
Profit before exceptional items and tax 316.71 535.75 373.12 1,808.34 1,966.70
Exceptional items
Profit before tax 316.71 535.75 373.12 1,808.34 1,966.70
Less: Tax expenses 66.17 117.67 89.97 405.12 457.49
Net profit for the period/year 250.54 418.08 283.15 1,403.22 1,509.21
3 Segment assets
A. Consumer care business 3,230.19 3,253.84 3,084.37 3,230.19 3,084.37
B. Food business 810.36 801.80 686.28 810.36 686.28
C. Other segments 60.75 59.73 59.19 60.75 59.19
D. Unallocated 6,904.17 6,914.21 6,702.97 6,904.17 6,702.97
Total 11,005.47 11,029.58 10,532.81 11,005.47 10,532.81
4 Segment liabilities
A. Consumer care business 1,591.07 1,605.05 1,443.39 1,591.07 1,443.39
B. Food business 411.99 400.34 314.40 411.99 314.40
C. Other segments 31.66 33.20 29.52 31.66 29.52
D. Unallocated 1,547.46 1,826.32 1,830.13 1,547.46 1,830.13
Total 3,582.18 3,864.91 3,617.44 3,582.18 3,617.44

^
^
Additional disclosures as per regulation 52(4) of Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) ...»sl?»4!'^
Regulations, 2015 on standalone financial results for the quarter and year ended 31 March 2025:T)aSur ^; V
( ? in crores. except ratios!
SI.No [Particulars Quarter ended Preceding Corresponding Current year Previous year
(31/03/2025) quarter ended quarter ended ended ended
(31/12/2024) (31/03/2024) (31/03/2025) (31/03/2024)

(Refer note 5) | (Unaudited) | (Refer note 5) (Audited) (Audited)

(a) [Outstanding redeemable preference shares
Capital redemption reserve/debenture redemption
(b)
reserve

(c) Reserves (excluding revaluation/capital reserve) 7,219.14 6,960.52 6,711.25 7,219.14 6,711.25
Outstanding Debt 378.72 605.58 775.96 378.72 775.96
[Non-current borrowings (including current maturities)
(d)
+ Non-current lease liabilities + Current borrowings +
Current lease liabilitiesl
(e) |Securities premium 548.02 547.86 534.39 548.02 534.39
Net worth 7,396.37 7,137.75 6,888.45 7,396.37 6,888.45
(f) [Equity share capital + Other equity (excluding
revaluation/capital reserve)]
Debt equity ratio 0.05 0.08 0.11 0.05 0.11
[{Non-current borrowings (including current maturities)
(g)
+ Non-current lease liabilities + Current borrowings +
Current lease liabilities} / Total eauitvl
Long term debt to working capital 0.39 0.61 1.03 0.39 1.03
[{Non-current borrowings + Non-current lease liabilities
(including current maturities of non-current borrowings
(h) and non-current lease liabilities)}/Current assets less
current liabilities (excluding current maturities of non-
current borrowing and non-current lease liabilities)]

Total debts to total assets ratio (in %) 3.44% 5.49% 7.37% 3.44% 7.37%|
[{Non-current borrowings (including current maturities)
(i) + Non-current lease liabilities + Current borrowings +
Current lease liabilities} / Total assets]

Debt service coverage ratio 13.35 17.89 9.24 17.14 18.93

[Profit before tax, finance costs, depreciation and
amortisation expense/ {Finance costs + Principal
U) repayment for Non-current borrowings and Non-
current lease liabilities (including current maturities of
non-current borrowings and non-current lease
liabilities)}1
Interest service coverage ratio 17.63 22.16 19.22 21.68 27.81
(k) [Profit before tax, finance costs, depreciation and
amortisation expense / FJnance costsl
Current ratio 1.28 1.16 1.19 1.28 1.19
(I) [Current assets / Current liabilities]
Bad debts to account receivable ratio (in %) 0.00% 0.00% 0.01% 0.00% 0.01% I
(m)
[Bad debts / Average trade receivables]
Current liability ratio (in %) 85.50% 86.75% 79.92% 85.50% 79.92%|
(n)
[Current liabilities / Total liabilities]
Debtors turnovers 13.52 10.01 14.07 13.52 14.07
(0)
[Sale of products / Average trade receivables]
Inventory turnover# 16.37 17.18 13.99 16.37 13.99
(p) [Sale of products / Average inventory of finished goods
Mid stock in tradel
Operating margin (in %) 14.47% 21.34% 16.50% 18.82% 20.13%]
[{Profit before tax, finance cost, depreciation and
(q) amortisation expense and other income} /Revenue
from operations]
Net profit margin (in %) 12.75% 17.08% 13.88% 15.47% 16.52%|
(r)
[Profit after tax / Revenue from operations]
# Based on TTM (Trailing Twelve Months)
Dabur India Limited
Standalone Statement of Assets and Liabilities as at 31 March 2025
a?
(? in crores)
Particulars As at As at
31/03/2025 31/03/2024
(Audited) (Audited)

A ASSETS
1 Non-current assets
(a) Property, plant and equipment 1,943.71 1,810.01
(b) Capital work-in-progress 134.66 161.54
(c) Investment property 43.40 44.39
(d) Intangible assets 48.51 23.80
(e) Intangible assets under development 2.22 22.69
(f) Financial assets
(i) Investments in subsidiaries and joint venture 550.34 550.34
(ii) Other investments 4,180.12 4,337.96
(iii) Loan to subsidiary 25.71 38.56
(iv) Others 15.20 14.43
(g) Non-current tax assets (net) 3.99
(h) Other non-current assets 131.50 92.73
Total non-current assets 7,075.37 7,100.44

2 Current assets
(a) Inventories 1,288.07 1,149.88
(b) Financial assets
(i) Investments 1,628.36 1,260.17
(ii) Trade receivables 600.58 719.21
(iii) Cash and cash equivalents 24.16 10.77
(iv) Bank balances other than (iii) above 108.86 60.34
(v) Loan to subsidiary 12.85 12.85
(vi) Others 3.09 3.55
(c) Other current assets 264.13 215.60
Total current assets 3,930.10 3,432.37

TOTAL ASSETS 11,005.47 10,532.81

EQUITY AND LIABILITIES

1 Equity
(a) Equity share capital 177.23 177.20
(b) Other equity 7,246.06 6,738.17
Total equity 7,423.29 6,915.37
2 Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings 249.42 498.93
(ii) Lease liabilities 72.41 61.35
(iii) Other financial liabilities 1.91 5.59
(b) Provisions 62.58 60.04
(c) Deferred tax liabilities (net) 133.25 100.50
Total non-current liabilities 519.57 726.41
3 Current liabilities
(a) Financial liabilities
(i) Borrowings 35.38 198.99
(ii) Lease liabilities 21.51 16.69
(iii) Trade payables
Due to micro and small enterprises 122.99 163.74
Due to others 2,218.98 1,895.19
(iv) Other financial liabilities 246.24 263.37
(b) Other current liabilities 74.82 74.49
(c) Provisions 164.15 161.63
(d) Current tax liabilities (net) 178.54 116.93
Total current liabilities 3,062.61 2,891.03

TOTAL EQUITVAND LIABILITIES 11,005.47 10,532.81

^
^
Dabur India Limited
Standalone statement of Cash Flows for the year ended 31 March 2025
^p^
lE^^wr
(? in crores)
Particulars Current year Previous year
ended ended
31/03/2025) (31/03/2024)
(Audited) (Audited)
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax 1,808.34 1,966.70
Adjustments for:
Depreciation and amortisation expense 250.93 208.86
Loss on disposal of property, plant and equipment (net) 1.27 1.34
Share based payment expense 13.22 45.82
Provision for disputed liabilities 10.50 15.00
Provision for employee benefits (0.13) 5.60
Finance costs 99.58 81.14
Interest income (305.03) (317.24)1
Unrealised foreign exchange loss/(gain) (net) 2.57 (0.02)1
Expected credit loss/impairment of financial and non-financial assets 2.88 5.07
Gain on fair valuation of financial instruments (net) (28.09) (39.44)1
Net gain on sale of financial assets measured at FVTPL (76.95) (18.51)1
Operating profit before working capital changes and other adjustments 1,779.09 1,954.32
Working capital changes and other adjustments:
Inventories (138.19) 73.89
Trade receivables 115.22 (158.17)1
Current and non-current financial assets (1.16) 13.31
Other current and non-current assets (84.98) (118.40)1
Trade payables 282.45 240.20
Other current and non-current financial liabilities (0.62) 34.04
Other current liabilities and provisions (1.17) 4.47
I Cash flow from operating activities post working capital changes 1,950.64 2,043.66
Direct taxes paid (net of refund) (327.67) (390.33)1
Net cash flow from operating activities (A) 1,622.97 1,653.33

B CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of property, plant and equipment, capital work-in-progress and intangible assets (351.78) (456.55)1
Proceeds from disposal of property, plant and equipment 1.88 0.93
Repayment of loan from subsidiary 12.85 12.85
Purchase of investments / bank deposits (5,403.47) (4,229.13)1
Proceeds from sale of investments / bank deposits 5,344.01 3,617.83
Interest received 297.51 316.57
Net cash used in investing activities (B) (99.00 (737.50)1

c CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from issue of equity share capital 0.03 0.03
Repayment of non-current borrowings (including current maturities) (249.51]
Proceeds from non-current borrowings 248.86
Repayment of current borrowings (201.55; (251.47)1
Proceeds from current borrowings 37.94 142.70
Principal payment of lease liabilities (17.65; (32.13)1
Interest payment of lease liabilities (8.76: (5.97)1
Dividend paid (974.78; (965.76)1
Finance costs paid (96.40: (58.08)1
Net cash used in financing activities (C) (1,510.68: (921.82)1

lncrease/(decrease) in cash and cash equivalents (A+B+C) 13.29 (5.99)1

Cash and cash equivalents at the beginning of the period 10.77 15.35
Impact of changes in exchange rates 0.10 1.40
Cash and cash equivalents at the end of the period 24.16 10.77

Notes:
(a) Cash and cash equivalents comprises of:
As at As at
31/03/2025 31/03/2024
Cash and cash equivalents 24.16 10.77
Balances with banks in cash credit accounts
Balances with banks in over draft accounts
Cash and cash equivalents as per Standalone statement of Cash Flows 24.16 10.77

(b) The above Standalone statement of Cash Flows has been prepared under the 'Indirect Method' as set out in lndAS7, 'Statement of Cash Flows'.

^^
Notes:
1 The audited standalone financial results for the quarter and year ended 31 March 2025 have been reviewed by the Audit Committee and approved by the Board of Directors
at its meeting held on 07 May 2025. The statutory auditors have expressed an unmodified opinion in the audit report on these standalone financial results.

2 Final dividend of ? 5.25 per share (525 % on par value of ? 1 each) for the financial year 2024-25 aggregating ? 930.47 crores has been proposed by the Board of Directors.

3 During the quarter, 3,229 equity shares of face value of ^ 1 each have been allotted to the eligible employees on account of exercise of stock options pursuant to the Dabur
Employee Stock Option Scheme, 2000.
4 The figures of the previous periods/year have been re-grouped/re-classified to render them comparable with the figures of the current period.
5 Figures for the quarters ended 31 March 2025 and 31 March 2024 are the balancing figures between audited figures for the full financial year and the reviewed year to date
figures upto the third quarter of the respective financial years.

••%- For and on behalf of Bdtard of Direct

ir
0 lit Burman
i. Chairman
: 00021963

^.
Pl^e: New Delhi
Date: 07 May 2025