New Delhi: FMCG major Dabur India on Wednesday reported a 4.10% increase in consolidated net profit at 377.55 crore for the second quarter ended September 2018 helped by growth of the core business in the domestic market. The company had posted a net profit of 362.67 crore in the July-September quarter a-year-ago, Dabur India said in a BSE filing. Total income during the quarter under review, was up by 7.97 per cent to 2,206.18 crore, as against 2,043.25 crore in the corresponding quarter a year ago.

“Despite higher competitive intensity, we have sustained a good growth momentum in the domestic FMCG business with our key brands reporting strong market share gains during the quarter," Dabur India CEO Sunil Duggal said.

Dabur’s total expenses were at 1,732.80 crore as against 1,592.43 crore, up 8.81 per cent.

During the September quarter, Dabur’s sales in the international markets was “muted" due to currency devaluation headwinds in the key overseas markets.

“Performance in our international business was relatively muted due to the weakness in the Middle East and North Africa (MENA) region and currency devaluations in markets like Turkey," Duggal added.

Its revenue from consumer care business was up by 10.03 per cent to 1,776.66 crore in the second quarter of FY 2018-19 as against 1,614.69 crore in the corresponding quarter a year ago.

Revenue from food business was at 289.43 crore, up 2.33 per cent as against 282.82 crore in the year-ago period.

Revenue from the retail business stood at 28.33 crore during the quarter, up by 6.94 per cent, as against 26.49 crore.

Share of Dabur India was trading at 381.95 on the BSE, down by 3.28 per cent from the previous close.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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