Dabur Q2 profit up 15.11% at Rs 287.48 cr

Dabur India Ltd today reported 15.11% increase in consolidated net profit at Rs 287.48 crore for the second quarter ended September 30, 2014-15.

The company had net profit of Rs 249.74 crore in the July- September quarter of last fiscal, 2013-14.

Dabur's Q2, 2014-15 net sales went up by 10.35% at Rs 1,924.09 crore, compared to Rs 1,743.5 crore in the year- ago period, the company said in a BSE filing.

Dabur's consumer care business increased by 7.55% to Rs 1,602.82 crore, while foods business grew by 29.20% to Rs 262.79 crore.

Retail business was up by 30.73% at Rs 21.65 crore while other businesses increased by 10.36% to Rs 36.83 crore.

Dabur India CEO Sunil Duggal said: "In a low growth and challenging environment where growth rates in most consumer products segments have witnessed a sharp fall, Dabur continued to report strong volume-led growth across its key categories and grow ahead of the market.

"Our domestic FMCG business continued to perform ahead of the industry and we have ended the quarter with an 8.7% volume growth."

For the six month period ended September 30, the company posted a net profit of Rs 498.29 crore as against Rs 435.75 crore in the year-ago period.

Net sales of the company for the six month period ended September 30, rose to Rs 3,787.99 crore as compared to Rs 3,390.5 crore a year ago.

Dabur shares were trading 2.74% up at Rs 232.10 apiece on the BSE in the afternoon.