Dabur India has posted an increase of 14.9 per cent in net sales during the second quarter ended September 30, 2013.
The company’s net sales grew to Rs 1,749 crore from Rs 1,522.60 crore in the same quarter previous fiscal. Its net profit grew 23.4 per cent to Rs 249.74 crore.
“The rising cost pressures were managed through a mix of judicious price increases and improved buying efficiencies. There are signs of an economic downturn, but Dabur maintained its strong growth momentum and continues to register sales growth ahead of the market in several key categories. With our rural expansion programme, we have laid the foundation for strong and profitable growth in the future and this initiative started yielding positive results. We are seeing demand from rural India outpacing the urban markets,” Dabur India Ltd Chief Executive Officer, Sunil Duggal, said in a statement.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.