Dabur India's net profit up 20.5%

Dabur India, the fast moving consumer goods company, today reported a 20.5 per cent rise in consolidated net profit at Rs 107.39 crore for the June quarter, compared to Rs 89.09 crore in the year-ago quarter.

Consolidated revenue rose 19.5 per cent to Rs 924.38 crore from Rs 773.60 crore in the same period last year.

The performance was driven by strong volume growth across categories like hair oils, skin care, toothpastes, health supplements, digestives, foods and home care. International business registered a 28.7 per cent top line rise, led by Nigeria, Egypt, Levant and North Africa.

“The macro environment is improving with good monsoons fuelling resurgence in demand. Dabur continues to register sales growth ahead of the market in several key categories, and this growth is almost entirely volume-driven,” said Dabur India CEO Sunil Duggal.

The health supplements category grew 42.8 per cent, led by Chyawanprash and Glucose, while the home care category bounced back to end the quarter with a 31.5 per cent rise. The oral care category grew 20.2 per cent, while foods business rose 21.2 per cent, hair oils by 16.5 per cent and skin care by 12.4 per cent.

The company’s board recommended issuance of one bonus share against each share held.