Dabur Q2 net up 30.7%; declares 75% interim dividend

Dabur Q2 net up 30.7%; declares 75% interim dividend

New Delhi: FMCG firm Dabur India reported a 30.7% jump in consolidated net profit during the second quarter ended September at Rs140.34 crore as against Rs107.41 crore in the year-ago period driven by strong volume growth across key categories.

Revenue during the quarter stood at Rs855.06 crores as against Rs698.45 crores in the corresponding period last fiscal, up 22.4%, the company said in a statement.

The company has also declared an interim dividend of 75% for 2009-10 at Re 0.75 per share, aggregating to Rs75.95 crore.

“Consumer spending in FMCG, particularly for everyday use products at popular price points, continues to remain strong. This positive sentiment, coupled with our strong new product roll out initiatives, has helped Dabur report strong volume growth across all our key categories," Dabur India Ltd chief executive officer Sunil Duggal said.

The growth was witnessed across both the rural and urban markets, he added.

Dabur saw its hair care category grow by 21.5% growth, led by Vatika shampoo, which grew by an 45.5% during the quarter.

“Dabur’s toothpaste business, led by Babool and Dabur Red Toothpaste, also reported a near 11 per cent growth during the quarter. The skin care business for Dabur reported a 42.7 per cent growth, led by increased demand for the Gulabari range of skin care products," it added.