Dabur India has reported a 16.4 per cent surge in consolidated net profit for the second quarter of the current fiscal at Rs 202.37 crore.
The company’s consolidated net sales grew by 20.6 per cent for the quarter under review at Rs 1,522.60 crore, largely due to cost control measures.
The board declared an interim dividend of 65 per cent for 2012-13. “Continuing with our payout policy, the board has declared an interim dividend of Re 0.65 per share, aggregating to a total payout of Rs 131.67 crore,” Dabur India Chairman Anand Burman said in a statement.
Added Sunil Duggal Chief Executive Officer Dabur India, “The rising cost pressures were managed through a mix of judicious price increases and improved buying efficiencies.
“Despite signs of an economic downturn and increased competitive intensity in the market, Dabur India Ltd has maintained strong growth momentum and continues to register sales growth ahead of the market in several key categories.”
Dabur’s International Business recorded a growth of 24.8 per cent because of robust growth in markets such as GCC, Egypt and Nigeria. Dabur India’s share closed at Rs 129.80 on the Bombay Stock Exchange down 2.15 per cent on Friday.