Dabur India Q1 net profit up 12% to Rs292.8 crore
Dabur sales grew just 1.2% during the April-June quarter to `1,923.9 crore from `1,901.7 crore in the year-ago period
New Delhi: Dabur India Ltd reported an 11.8% growth in first quarter profit on higher sales of packaged goods. Net profit rose to ₹ 292.8 crore for the quarter ended 30 June from ₹ 261.8 crore in the year-ago quarter, the Delhi-based company said.
Sales grew just 1.2% during the April-June quarter to ₹ 1,923.9 crore from ₹ 1,901.7 crore in the year-ago period,
“We had to deal with a tough economic environment characterised by demand slowdown, intensifying competitive pressures and deteriorating geopolitical situation in select geographies like the Middle East and Africa. Despite these challenging conditions, Dabur remains on a steady course and has reported profitable growth," Sunil Duggal, chief executive of Dabur India, said in a statement.
The company said its oral care business grew by about 12% during the quarter backed by strong demand for both toothpastes and toothpowders. Dabur’s Foods business grew by over 4%, and home care business had a 2% growth. The company’s international business had about 6% growth, led by Nepal, Egypt and Turkey, Dabur said in its statement.
The company is investing ₹ 500 crore in the current fiscal year to boost its manufacturing capacity by adding new plants in India and abroad, it said in a statement.
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