New Delhi: Driven by strong growth in key categories and a turnaround in its consumer health division, FMCG major Dabur India on 28 July reported a 25.31% jump in net profit for the quarter ended 30 June 2008, at Rs70.14 crore as against Rs55.97 crore in the year-ago period.
The company said turnover for the quarter stood at Rs532.29 crore, up 12.2% from Rs474.24 crore in the same period last year.
“We continued to sustain the growth momentum in key categories such as hair care and health supplements, despite growing cost pressures. While high inflation is a cause of concern, we have not yet seen any significant impact on consumer spending,” Dabur India Ltd CEO Sunil Duggal said in a statement.
Hair care business reported a 15% growth during the quarter with the Vatika shampoo franchise alone growing by over 26%. The health supplements business also grew by over 19%, he added.
“Our renewed focus on ayurvedic OTC products reaped rich dividend with the consumer health division riding strong the turnaround path and reporting a near 25% growth in the first quarter of 2008-09 fiscal,” Duggal said.
During the quarter, Dabur introduced several new products and variants, including Active Blood Purifier and Bhringraj Ayurvedic Tel. It also nationally rolled out its hard-surface cleaner brand Dazzl, besides introducing the mosquito repellent Odomos in a new spray format.