New Delhi: FMCG firm Dabur India on Monday
reported a 30.7 percent jump in consolidated net profit
during the second quarter ended September at Rs 140.34 crore
as against Rs 107.41 crore in the year-ago period driven by
strong volume growth across key categories.
Revenue during the quarter stood at Rs 855.06 crores as
against Rs 698.45 crores in the corresponding period last
fiscal, up 22.4 percent, the company said in a statement.
The company has also declared an interim dividend of 75
percent for 2009-10 at Re 0.75 per share, aggregating to Rs
75.95 crore.
"Consumer spending in FMCG, particularly for everyday use
products at popular price points, continues to remain strong.
This positive sentiment, coupled with our strong new product
roll out initiatives, has helped Dabur report strong volume
growth across all our key categories," Dabur India Ltd Chief
Executive Officer Sunil Duggal said.
The growth was witnessed across both the rural and urban
markets, he added.
Dabur saw its hair care category grow by 21.5 percent
growth, led by Vatika shampoo, which grew by an 45.5 percent
during the quarter.
"Dabur's toothpaste business, led by Babool and Dabur Red
Toothpaste, also reported a near 11 per cent growth during the
quarter. The skin care business for Dabur reported a 42.7 percent growth, led by increased demand for the Gulabari range of
skin care products," it added.
In the overseas markets, the company's business grew by
27.5 percent, which was led by robust performance in the
Gulf, Egypt, Bangladesh and Nepal.
"Sales in the GCC region reported a 36.8 per cent
growth, while Egypt witnessed a near 35.3 per cent growth
during the quarter. The South Asian markets too performed well
with sales in Nepal surging by 41.4 per cent during the second
quarter of 2009-10," Dabur India Group Director P D Narang
said.
The key categories accelerating the overseas division's
growth include hair creams, toothpastes, hair oils and
conditioners, he added.
Bureau Report
First Published: Monday, October 26, 2009, 17:13