The Hindu Business Line : Dabur India net up 32 pc in Q2

Dabur India Ltd (Standalone) on Tuesday reported a growth of 32.17 per cent in its net profit for the second quarter ending September 30, to Rs 68.81 crore from Rs 52.05 crore in the same period of the previous year.

Dabur India Ltd (Consolidated) recorded an increase of 26.30 per cent in its net profit for the second quarter to Rs 79.21 crore (Rs 62.72 crore). The company has proposed a bonus issue in the ratio of 1:2.

Dabur India (Standalone) reported a growth of 31.26 per cent in its net sales to Rs 436.88 crore (Rs 332.85 crore). The net sales for Dabur (Consolidated) increased by 20.66 per cent to Rs 564.13 crore (Rs 467. 54 crore).

The net profit for the half-year ending September 30 of Dabur (Standalone) saw an increase of 41.72 per cent to Rs 114.65 crore from Rs 80.89 crore in the same period last year. Dabur (Consolidated) reported a growth of 30.26 per cent innet profit to Rs 126.58 crore (Rs 97.18 crore).

H1 net sales

The half yearly net sales of Dabur (Standalone) increased by 30.44 per cent to Rs 824.56 crore (Rs 632.15 crore) Dabur (Consolidated) also recorded a growth of 17.84 per cent in net sales to Rs 1,093.64 crore (Rs 882.24 crore).

"Core categories of hair care, oral care, health supplements and home care recorded strong double digit growths in the half year. The merger of Balsara subsidiaries with Dabur was achieved in the quarter with the High Court sanctioning the Scheme of Amalgamation," said Mr Sunil Duggal, CEO, Dabur India.

Dabur Foods Ltd, a wholly owned subsidiary of Dabur India, posted an increase of 27 per cent in sales to Rs 116 crore for the second quarter from Rs 91.4 crore.

International business grew by 31.4 per cent in turnover to Rs 132.8 crore from Rs 101.1 crore. Growth was lead by strong performance in focus markets such as GCC countries, Egypt, Nepal, Nigeria, USA/Canada and Pakistan.

"We had embarked on a strategic plan and all the growth drivers identified have started yielding results. We have built strong capabilities to tap emerging opportunities," said Mr V.C. Burman, Chairman, Dabur India Ltd.

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