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Dabur India posted a consolidated net profit of Rs 187.04 crore up 25 per cent in the first quarter ended June 30, 2013 compared with Rs 149.64 crore in the corresponding quarter last fiscal.
This is despite an economic downturn and increased competition in the market. The company said its consolidated net sales grew by 13 per cent to Rs 1,651.10 crore compared with Rs 1,461.97 crore in the corresponding quarter previous year.
“Our domestic FMCG business grew at a strong 13.2 per cent, driven by a volume growth of nine per cent,” said Sunil Duggal Chief Executive Officer.
The company’s international business grew by 17.5 per cent led by Egypt, GCC and Nepal. While the Home Care business grew by 26 per cent, the foods business led by packaged fruit juice brands reported a growth of 18.7 per cent.
Other categories such as shampoo grew by 23 per cent, perfumed hair oil business by 15 per cent and oral care category by 14 per cent.
At the BSE, the company’s share price closed at Rs 174.95 up 2.40 per cent on Wednesday.
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