Dabur India Q2 net up 15% at Rs. 287.5 cr
New Delhi: Dabur India Ltd today reported 15.11 per cent increase in consolidated net profit at Rs. 287.48 crore for the second quarter ended September 30, 2014-15.
The company had earned a net profit of Rs. 249.74 crore in the July-September quarter of 2013-14 fiscal.
Net sales during the period went up 10.35 per cent to Rs. 1,924.09 crore from Rs. 1,743.5 crore in the year- ago period, the company said in a BSE filing.
Dabur's consumer care business increased 7.55 per cent to Rs. 1,602.82 crore, while foods business grew 29.20 per cent to Rs. 262.79 crore.
Retail business was up 30.73 per cent at Rs. 21.65 crore, while other businesses increased by 10.36 per cent to Rs. 36.83 crore.
Dabur India CEO Sunil Duggal said: “In a low growth and challenging environment where growth rates in most consumer products segments have witnessed a sharp fall, Dabur continued to report strong volume-led growth across its key categories and grow ahead of the market.
“Our domestic FMCG business continued to perform ahead of the industry and we have ended the quarter with an 8.7 per cent volume growth.”
For the six-month period ended September 30, the company posted a net profit of Rs. 498.29 crore against Rs. 435.75 crore in the year-ago period. Net sales during the period rose to Rs. 3,787.99 crore from Rs. 3,390.5 crore.
Dabur shares were trading 2.74 per cent up at Rs. 232.10 apiece on the BSE in the afternoon session.