New Delhi: Quarterly consolidated profit at Dabur India Ltd rose 31% to Rs1.04 crore, led by increased sales in its two key units, and its finance chief on Wednesday said the firm would maintain its growth pace in 2009-10 too. Revenue rose by a fifth to 7.37 crore.
The maker of Dabur Amla hair oil and Vatika shampoo would improve its core margins by up to 1 percentage point in the year that began 1 April on cooling commodity prices and cost reductions at the firm, said chief financial officer Rajan Verma.
“We believe (sales) growth the next year will mirror this year’s growth, again on a higher base,” Verma said over the telephone.
Asked about commodity prices, which had hit record levels in the September quarter, Verma said Dabur’s raw material costs had come down in the March quarter from the previous quarter, and would continue to decline.
“Coupled with other initiatives we have taken in managing our costs...we will see some marginal growth in margins this financial year,” he said. “But nothing dramatic will happen.”
Dabur shares on wednesday closed 1.8% higher at Rs103.55 in a Mumbai market that rose 3.65%.