Aided by strong volume growth, Ghaziabad-headquartered Dabur India reported a consolidated net profit of Rs 285 crore for the quarter ended March, a rise of 21% over the year-ago period.
Consolidated net sales grew 10.2% to Rs 1,945 crore for the period, with 12.1% growth in its domestic fast-moving consumer goods (FMCG) business, which gives the company about 70% of its revenue. The international business grew 8.8%.
More important, volume growth for the quarter (within domestic FMCG) was 8.1%. Health supplements, digestives, skin care and foods all showed strong traction. Foods, for instance, grew nearly 20% for the quarter, while skin care grew nearly 17% and health supplements by 13%. Digestives grew 11%.
"Our Ebitda (earnings before interest, taxes, depreciation and amortisation) margin saw 17% growth. Our focus will be on an aggressive and profitable growth strategy. We will continue to invest behind our brands and on market expansion, with a series of new product launches in the coming quarter," said chief executive Sunil Duggal.
The company ended the full year with net sales of Rs 7,806 crore, growth of 10.7%. Net profit was Rs 1,066 crore, up 16.6% over the year-ago period. Dabur's retail business, under the NewU brand, reported 30% revenue growth in the year, the company said.
The Dabur stock closed trade on Tueday at Rs 264 on the BSE exchange, up almost one% over the previous day's close. It touched an intra-day high of Rs 266.85 and a low of Rs 261.50.
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