Home-grown FMCG major Dabur India today reported a 24.59 per cent rise in consolidated net profit to Rs 330 crore for the first quarter ended June 30, 2018-19, driven by volume growth in key categories. It had posted a net profit of Rs 264.86 crore in the April-June period of the last fiscal, Dabur India said in a BSE filing.

The total income of the company for the quarter under review was at Rs 2,154.33 crore. It was Rs 1,871.34 crore in the corresponding quarter of 2017-18.

Dabur India CEO Sunil Duggal said: “Despite an increase in the level of competitive intensity, our brands reported a robust performance during the quarter, growing ahead of the market and delivering strong double-digit growth across all our key categories, including health supplements, hair care, oral care, skin care, home care and foods.”

He further said: “Our India FMCG business, in fact, reported its highest-ever volume growth of 21 per cent during the quarter.”

The company said its revenues are not comparable because the quarters ended June 30 and March 31 are net of GST, which was applicable from July 1, 2017. However, revenue for the quarter ended June 30 of last fiscal is net of VAT but gross of excise duty. “Accordingly, revenue for the quarters ended June 30, 2018, and March 31, 2018, is not comparable with the previous quarter ended June 30, 2017,” it said.

Dabur’s total expenses were at Rs 1,752.17 crore in Q1/FY 2018-19. Its revenue from the consumer care business was at Rs 1,656.08 crore during the quarter under review. It was Rs 1,425.10 crore in the year-ago period. Revenue from the food business was at Rs 363.51 crore, as against Rs 310.83 crore.

On the outlook, Duggal said: “We have put in place a prudent growth strategy and continued to invest heavily behind our brands to successfully tap the emerging opportunities.” Shares of Dabur India were trading 4.4 per cent up at Rs 410.20 on the BSE in the afternoon.

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