Companies

Dabur consolidated Q2 net profit up 1%

Our Bureau New Delhi | Updated on January 09, 2018

Dabur India has reported a consolidated net profit of ₹361.9 crore, which grew by a mere 1.28 per cent for the quarter ended September 30, 2017, compared with ₹357.3 crore in the corresponding period previous fiscal. However, the company said that the figures were not comparable due to the implementation of GST during the quarter under review.

“Adjusted for GST and currency translation, the comparable consolidated net profit marked a 7.2 per cent growth during the quarter, while the comparable standalone net profit also reported a 7.2 per cent growth,” the company said in a statement.

Consolidated revenue for the quarter in review stood at ₹1,958.9 crore against ₹1,981.6 crore in the year-ago period.“The comparable consolidated revenue growth adjusted for currency translation and GST marked an 8 per cent growth during the second quarter of 2017-18 financial year. The comparable standalone revenue growth for the quarter was 10.7 per cent, led by an underlying volume growth in India FMCG business of 7.2 per cent,” the company added.

The board of directors declared an interim dividend of 125 per cent for 2017-18. “The Board has declared an interim dividend of ₹1.25 per share, aggregating to a total payout of ₹265.02 crore, including tax,” said Chairman Anand Burman.

Sunil Duggal, CEO, said: “The overall business environment continued to be challenging particularly with the overseas geographies like the Middle East and Africa facing geopolitical headwinds. In India, the trade channels have normalised post the introduction of GST and consumer offtake has been reporting a steady growth. We continue to invest behind our brands and are confident of our ability to report profitable growth.”

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Published on October 31, 2017
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