Dabur Q1 net profit jumps 17%
New Delhi: FMCG major Dabur India Monday reported 16.96 percent increase in its consolidated net profit for the quarter ended June 30 at Rs 149.40 crore on account of growth in health supplements, shampoos and foods.
The company had posted a net profit of Rs 127.74 crore in the corresponding period last year, Dabur India said in a statement.
The consolidated net sales during the first quarter went up by 21.37 percent to Rs 1,461.97 crore from Rs 1,204.58 crore in the year-ago period, it added.
The company attributed the good performance in the last quarter to "strong growth in key categories like health supplements, shampoos and foods", the statement said.
Commenting on the numbers, Dabur India Chief Executive Officer Sunil Duggal said: "Despite signs of an economic downturn and increased competitive intensity in the market, Dabur India has accelerated volume growth ahead of the market in its key categories."
The company has laid foundation for strong and profitable growth in the future with a range of initiatives that includes doubling its distribution footprint in rural India, he added.
The company's foods business, led by packaged fruit juice brands Real and Real Activ, grew 34.5 percent in the first quarter.
"The shampoo category marked a strong resurgence and ended the quarter with a 23 percent growth, while the health supplements business reported an 18 percent growth," the company said.
Home care category closed the quarter with a 14.4 percent increase, while the skin care business went up by 13.3 percent during April-June period, it added.
"Both domestic and International business reported strong growth during the first quarter, growing at 20 percent and 24 percent respectively," Dabur India said.
The growth in overseas markets was driven by Gulf Cooperation Council, Nigeria and Egypt, it added.
Shares of Dabur India were trading 0.34 percent up at Rs 118.40 apiece on the BSE during late afternoon.