1.Strong volume-led growth with rural leading from the front; 2.Strong and sustained comeback in ayurveda/naturals' products; 3.More categories contributing to revenue growth is helping earnings; 4.Outlook for volume growth, should be in high single digits on a strong base; Dabur's domestic business (72 percent of sales) growth continues to benefit from broad-based volume growth. In the December quarter, sales were helped by 12.4 percent YoY volume growth, coming on top of a growth of 13 percent in the year ago period. Its performance was similar to that of market leader Hindustan Unilever. The effect of price change contributed 2.5 percent to sales growth, which was also higher than in earlier quarters. Rural growth continues to be healthy. Rural growth in the general trade channel remains ahead of urban growth, with a gap of 3-4 percentage points. Adjusting for modern trade, rural growth is still ahead of urban markets by about 2 percent. The management expects high single-digit volume growth should continue, which can increase to double digits if the government's rural policy measures materialise.
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