Dabur India Q1 net up 24% at Rs 261 cr

FMCG major Dabur India today reported 23.86 per cent rise in consolidated net profit to Rs 261.11 crore for the first quarter ended June 30, 2015-16, driven mainly by robust sales across all key categories.
The company had posted net profit of Rs 210.81 crore for the April-June period of the previous fiscal, Dabur India said in a filing to the BSE.
Dabur's total income from operations on consolidated basis was up 10.73 per cent to Rs 2,069.49 crore for the quarter under review, as against Rs 1,868.86 crore in the year-ago period.
"The macro-economic scenario remains challenging. In this subdued environment, we remained watchful, agile and prudent, managing our business dynamically to deliver another quarter of competitive and profitable growth," said Dabur India CEO Sunil Duggal.

The India FMCG business ended the first quarter of 2015-16 with 11.6 per cent growth, led by 8.1 per cent volume growth, he added.
During the period, its toothpaste business grew nearly 24 per cent. Its OTC & Ethicals business marked 16.7 per cent growth, while the foods category reported a 15.5 per cent growth during the period.

"While the hair oil category reported a 13 per cent growth during the period, the Shampoo business ended the quarter with an 11.5 per cent growth. The Home Care business grew by nearly 12 per cent during the period," the company said.

Dabur's international business also reported a steady growth during the quarter, led by Turkey, Nepal and GCC markets.
"Our Turkey business grew by over 22 per cent, while sales in Nepal grew by over 14 per cent and GCC markets by 10 per cent," said Dabur India Group Director P D Narang.
On outlook, Duggal said: "We continue to strengthen our business for long term by driving innovation and investing behind our brands. With these initiatives we are confident of growing ahead of the market and improving our market share."
Meanwhile, in a separate filing, Dabur informed that its nomination and remuneration committee has resolved to grant 3,35,400 fresh Stock Options under Dabur Employees Stock Option Scheme 2000 to the eligible employees.

Dabur India stock closed at Rs 290.45, down 1.24 per cent, on the BSE.