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Dabur India Q1 net profit up 25% to Rs 3.3 bn; total income at Rs 21 bn

Its revenue from consumer care business was at Rs 16.56 billion during the quarter under review

Dabur

Press Trust of India New Delhi
Homegrown FMCG major Dabur India on Tuesday reported 24.59 per cent rise in consolidated net profit to Rs 3.3 billion for the first quarter ended June 30, 2018-19, driven by volume growth in key categories.
It had posted a net profit of Rs 2.64 billion in the April-June period of the last fiscal, Dabur India said in a BSE filing.
The total income of the company for the quarter under review was at Rs 21.54 billion. It was Rs 18.71 billion in the corresponding quarter of 2017-18.
Dabur India Ltd CEO Sunil Duggal said: "Despite an increase in the level of competitive intensity, our brands reported a robust performance during the quarter, growing ahead of the market and delivering strong double-digit growth across all our key categories like Health Supplements, Hair Care, Oral Care, Skin Care, Home Care and Foods."

He further said : "Our India FMCG business, in fact, reported its highest-ever Volume growth of 21 per cent during the quarter."

The company said its revenue are not comparable because quarters ended June 30 and March 31 are net of GST which was applicable from 1 July 2017. However, revenue for the quarter ended June 30 of last fiscal is net of VAT but gross of excise duty.
"Accordingly, revenue for the quarters ended 30 June 2018 and 31 March 2018 is not comparable with the previous Quarter ended 30 June 2017," it said.
Dabur's total expenses were at Rs 17.52 billion in Q1/FY 2018-19.
Its revenue from consumer care business was at Rs 16.56 billion during the quarter under review. It was Rs 14.25 billion in the year-ago period. Revenue from food business was at Rs 3.63 billion, as against Rs 3.1 billion.
On the outlook, Duggal said: "We have put in place a prudent growth strategy and continued to invest heavily behind our brands to successfully tap the emerging opportunities."
Shares of Dabur India was trading 4.4 per cent up at Rs 410.20 on BSE on Tuesday afternoon.

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First Published: Jul 31 2018 | 4:20 PM IST

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