Dabur net rises 11%

India’s fast moving consumer goods (FMCG) major Dabur reported a 10.9 per cent increase in consolidated net profit for the quarter ended December 31 to Rs 154.56 crore, against Rs 139.30 crore reported last year.

Net sales increased 17 per cent to Rs 1,078 crore compared to Rs 926 crore in the corresponding quarter last financial year.

“Despite inflationary pressures, we have managed our business dynamically through a combination of judicious price increases and a greater focus on cost efficiency,” said Dabur India Chief Executive Officer Sunil Duggal.

While Dabur’s material costs during the quarter was Rs 449.54 crore, up from Rs 367.92 crore reported last year, advertising and sales promotion expenditures declined marginally to Rs 134.93 crore from Rs 135.08 crore.

The company’s consumer care business registered a net profit of Rs 228.88 crore and sales of Rs 866.78 crore during the quarter, while the consumer health business registered a net profit of Rs 18.62 crore and sales of Rs 81.28 crore. While, Dabur’s foods business reported a net profit of Rs 19.55 crore and sales of Rs 112.38 crore, its international business recorded a 32.8 per cent growth, the firm said.

Dabur stocks were up 3.07 per cent today in a weak Mumbai market to close at Rs 93.90. The total traded quantity of shares on the Bombay Stock Exchange was 339,000 shares.