Dabur's Q4 net up 21 percent

Fast moving consumer goods firm, Dabur, posted 21.03 percent rise in consolidated net profit for the fourth quarter of 2014-15, a company statement said on Tuesday.

The company posted net profit of Rs.284.8 crore for Q4 compared to Rs.235.3 crore posted during the corresponding period in 2013-14.

Net sales increased 10.2 percent to Rs.1,944.8 crore in the period under review, compared to Rs.1,764 crore in the corresponding period a year ago.

"The gradual improvement in the consumption environment has helped our business perform well on all operating parameters. Our robust business model and our ability to efficiently manage the external challenges have helped us report a strong and consistent performance even in the face of intensifying competitive pressures," said Dabur India CEO Sunil Duggal.

"Our India FMCG business ended the fourth quarter with a 12 percent growth, led by 8.1 percent volume growth," he added.

"Going forward too, our focus will be on pursuing an aggressive and profitable growth strategy. We will continue to invest behind our brands and on market expansion programmes while stepping up on innovation with a series of new product launches in the coming quarter," Duggal said.