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.