Dabur India has posted a consolidated net profit of ₹210.8 crore for the quarter ended June 30, up 13.3 per cent compared to the corresponding quarter in the previous year. Consolidated net sales during the first quarter marked a 13.2 per cent growth at ₹1,863.9 crore, up from ₹1,647 crore a year earlier.
The company said it saw strong growth in categories such as health supplements, digestives, hair and homecare, and food, despite macro headwinds like inflation and a fall in market growth rates.
In a statement, Sunil Duggal, CEO, Dabur India, said, “Despite a sharp fall in growth rates in most consumer products segments, Dabur continued to report strong volume-led growth across its key categories. We have managed our business through a combination of calibrated price increases and greater focus on cost efficiencies, maintaining our growth momentum and registering sales growth ahead of the market in several key categories.”
While the company saw a 22 per cent growth in its health supplements business based on strong demand for Dabur Honey and Dabur Glucose, the foods business grew by 21 per cent in the quarter. The shampoo and toothpaste businesses grew by 15 per cent and 11 per cent respectively. Home care business grew by 15 per cent while the digestives category grew by over 11 per cent growth in this period.
“Dabur’s retail business, under NewU, has also marked a turnaround with a substantial reduction in losses,” the company added in a statement. The company’s international business (including acquisitions) grew by 18 per cent during the period, led by GCC, Egypt, Turkey and Levant (comprising Yemen, Jordan, Lebanon and Syria) markets.
The company’s share price closed at ₹198.05, down 0.65 per cent at Bombay Stock Exchange on Monday.
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