Dabur Q2 Net up over 16% at Rs 202 cr
New Delhi: FMCG firm Dabur India Friday said its consolidated net profit rose by 16.39 percent to Rs 202.37 crore for the second quarter ended September 30, on the back of robust sales across key categories, including health supplements, shampoos and skin care.
The company had posted a net profit of Rs 173.86 crore during the corresponding period of previous fiscal.
Net sales of the company rose to Rs 1,522.60 crore in the second quarter, as compared to Rs 1,262.33 crore in the same quarter a year earlier, Dabur India said in a statement.
Commenting on the results, Dabur India Ltd Chief Executive Officer Sunil Duggal said that the company managed rising cost pressures through a mix of judicious price increases and improved buying efficiencies.
"Despite signs of an economic downturn and increased competitive intensity in the market, Dabur India Ltd has maintained strong growth momentum and continues to register sales growth ahead of the market in several key categories," Duggal added.
He said the company remains on course to strengthen its brand portfolio, improve competitiveness in the market place and deliver profitable growth.
"Continuing with our payout policy, the board has declared an interim dividend of Re 0.65 per share, aggregating to a total payout of Rs 131.67 crore," Dabur India Ltd Chairman Anand Burman said.
The company's shampoo category ended the quarter with a 40.2 percent growth over the same period of previous fiscal, while the skin care business, riding on Fem, reported a near 25 percent growth, the company said.
The homecare business ended the quarter with a 23 percent growth as compared to same period of 2011-12 fiscal, while the health supplements business grew by 15.7 percent, it added.
The company said its international business recorded a growth of 24.8 percent during the second quarter as against the same period of 2011-12 fiscal, led by robust performance in GCC, Egypt and Nigeria.
Shares of Dabur were trading at Rs 133.40 on the BSE in late afternoon trade, up 0.57 percent from their previous close.