Dabur India Q1 profit up 25% to Rs330 crore
Dabur India’s total income for the first quarter was at ₹ 2,154.33 crore, as against ₹1,871.34 crore in the corresponding quarter of 2017-18
New Delhi: Dabur India, homegrown FMCG major, on Tuesday reported 24.59% rise in consolidated net profit to ₹330 crore for the first quarter ended 30 June 2018-19, driven by volume growth in key categories. It had posted a net profit of ₹264.86 crore in the April-June period of the last fiscal, Dabur India said in a BSE filing.
The total income of the company for the quarter under review was at ₹ 2,154.33 crore. It was ₹1,871.34 crore in the corresponding quarter of 2017-18.
Dabur India Ltd CEO Sunil Duggal said: “Despite an increase in the level of competitive intensity, our brands reported a robust performance during the quarter, growing ahead of the market and delivering strong double-digit growth across all our key categories like Health Supplements, Hair Care, Oral Care, Skin Care, Home Care and Foods.”
He further said : “Our India FMCG business, in fact, reported its highest-ever Volume growth of 21% during the quarter.” The company said its revenue are not comparable because quarters ended 30 June and 31 March are net of GST which was applicable from 1 July 2017. However, revenue for the quarter ended 30 June of last fiscal is net of VAT but gross of excise duty.
“Accordingly, revenue for the quarters ended 30 June 2018 and 31 March 2018 is not comparable with the previous Quarter ended 30 June 2017,” it said.
Dabur’s total expenses were at ₹1,752.17 crore in Q1/FY 2018-19. Its revenue from consumer care business was at ₹1,656.08 crore during the quarter under review. It was ₹1,425.10 crore in the year-ago period. Revenue from food business was at ₹363.51 crore, as against ₹310.83 crore.
On the outlook, Duggal said: “We have put in place a prudent growth strategy and continued to invest heavily behind our brands to successfully tap the emerging opportunities.”
- Tesla to cut workforce by 7%, sees smaller profit in Q4
- Wipro spins out govt business as separate segment
- Vibrant Gujarat meet: Ambani, Adani, Birla, others line up big investments
- Wipro announces 1:3 bonus; Q3 net profit rises 30%
- RIL to invest Rs 3 lakh crore in Gujarat in next 10 years : Mukesh Ambani
Editor's Picks »
- 2nd Trump-Kim summit to take place at end of February
- To boost confidence in oil cut, OPEC issues quota list
- China said to offer path to end US trade imbalance
- BlackRock, Goldman said to move some fund managers to US if no-deal Brexit
- RBI governor Shaktikanta Das sees inflation assessment as a challenge
- What to expect from Q3 results of IndiGo, SpiceJet, Jet Airways
- Forget privatisation, govt has hugged its banks tighter
- Flat profit, rising debt are growing worries for Reliance
- Q3 results: HUL growth off a high base shows it’s on a roll
- DCB Bank Q3 results: Small loans give big pain as farm, mortgages lift delinquencies