Dabur Q3 net up 16% at Rs 244 cr

FMCG firm Dabur today posted 15.7 per cent increase in consolidated net profit at Rs 243.6 crore for the third quarter ended December, 2013-14 fiscal, on account of robust sales across various business verticals.
The company had posted net profit of Rs 210.5 crore in the same period of 2012-13 fiscal.
Its consolidated net sales in Q3, 2013-14 fiscal, rose by 16.8 per cent at Rs 1,904.3 crore, as against Rs 1,630.7 crore in the year-ago period, Dabur India said in a statement.
"Our focus on brand-building and market expansion programmes coupled with a greater degree of innovation has helped Dabur sustain strong growth in the core categories, which have been significantly ahead of the market," Dabur India Ltd Chief Executive Officer Sunil Duggal said.

Going forward, the company's focus will be on pursuing an aggressive and profitable growth strategy, he added.
During the quarter, the company said, its health supplements business grew by 9.5 per cent. The air freshener business grew over 27 per cent.

"Dabur's foods business also reported a robust near 18 cent growth. The shampoo business ended the third quarter of 2013-14 fiscal with a strong 24.7 per cent growth," the company said.
The company said its international business during the quarter showed 26 per cent growth, led by strong performance in Gulf Cooperation Council (GCC), Egypt and Nigeria.
"The GCC business reported a 21 per cent growth, while sales in Egypt and Nigeria both grew by 16 per cent," Dabur India Ltd Group Director P D Narang said.

Dabur scrip closed at Rs 160.85 on the BSE, down 4.03 per cent, from its previous close.