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Dabur India reported a consolidated net profit at Rs 377 crores, posting a 4.10 per cent rise in the September-end quarter of the current fiscal, supported by growth of the core business in the domestic market. The company had earlier registered a net profit of Rs 362 crores in the corresponding quarter of the previous year.
Dabur India said in a BSE filing that the total revenue during the said quarter stood at Rs 2206 crores, improving by 7.97 per cent, as compared to Rs 2043 crores in the July-September quarter a year ago.
Dabur’s total expenses during the quarter under discussion went up by 8.81 per cent, to Rs. 1732 crores as against Rs. 1592 crores in the same period a year ago.
Dabur’s revenue in the Q2 FY19 from consumer care business went up by 10.03 per cent to Rs 1776 crores, whereas the revenue from food business stood at Rs 289 crores, registering a 2.33 per cent increase and revenue from the retail business inclined by 6.94 per cent to Rs 283 crores as against the Q2 FY18.
Sunil Duggal, CEO Dabur India, stated, “Despite the higher competitive intensity, we have sustained a good growth momentum in the domestic FMCG business with our key brands reporting strong market share gains during the quarter.”
Duggal added, “Performance in our international business was relatively muted due to the weakness in the Middle East and North Africa (MENA) region and currency devaluations in markets like Turkey.”
