Dabur India sales fall 4.8% in Q4, profit up by ₹2 crore
Dabur India's consolidated net profit increased to ₹333 crore from ₹331 Crore a year ago
New Delhi: Dabur India Ltd on Monday reported a marginal ₹ 2 crore increase in consolidated net profit in the quarter ended 31 March 2017 with sales dipping 4.8% during the period as businesses in some of the international markets were hit.
On a standalone basis, Dabur reported a 5.3% increase in net profit to ₹ 302 crore as sales remained flat at ₹ 1,432 crore during the quarter under review despite a 2.4% growth in volume of its packaged consumer goods business.
The New Delhi based consumer packaged goods company’s consolidated net sales declined to ₹ 1,909 crore for the quarter ended 31 March 2017 from ₹ 2,006 crore in the year-ago quarter while consolidated net profit increased to ₹ 333 crore from ₹ 331 Crore a year ago.
“The business faced tough economic environment characterized by extreme volatility in currency, particularly in Egypt and North African markets, as well as crude-led economic turmoil in Saudi Arabia. In constant currency terms, consolidated net sales remained flat for the fourth quarter. Demand growth, still reeling under the impact of demonetization, remained slow at the beginning of the quarter. However, it improved as the quarter progressed, led by a significant improvement in rural demand," Dabur India chief executive officer Sunil Duggal said in a statement.
For the full year ended 31 March 2017, Dabur India’s sales dipped 2.1% to ₹ 7,680 crore as compared with ₹ 7,851 crore reported during the previous year. Net profit for the year increased 2.07% to ₹ 1,277 crore against ₹ 1,251 crore the previous year.
“We have taken steps to efficiently manage the emerging risks and challenges, and record profitable growth. The new fiscal will see Dabur strengthen its presence across key categories, leveraging our strong herbal and ayurvedic heritage," Duggal said
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!