Net sales rise 14.85% to Rs 1,749 crore
Dabur India today reported 23.40% increase in consolidated net profit at Rs 250 crore for the second quarter ended September 30, 2013-14, on account of strong performance in the FMCG segment.
The company reported net profit of Rs 202 crore in the corresponding quarter of last fiscal, 2012-13.
Dabur's Q2, 2013-14 net sales went up by 14.85% to Rs 1,749 crore, compared to Rs 1,523 crore in the year-ago period.
Dabur's consumer care business increased by 18.33% at Rs 1,495 crore, while foods business grew by 15.71% to Rs 203 crore.
"Strong demand from the hinterland following the mega initiative to double our rural distribution footprint helped Dabur India Ltd sail through a challenging business environment and moderation in consumption expenditure," the company said in a statement.
Retail business was up 17.36% at Rs 16.56 crore while other businesses declined by 51% to Rs 33.37 crore.
Dabur India CEO Sunil Duggal said: "The rising cost pressures were managed through a mix of judicious price increases and improved buying efficiencies. We are seeing demand from rural India out pacing the urban markets."
On the overall expenses front, Dabur reported 12.55% jump at Rs 1,448.56 crore in the quarter ended September 30 this year as against Rs 1,287 crore in corresponding quarter last year.
International business ended the second quarter with 25.8% growth, led by Middle East & North Africa (MENA) markets and Bangladesh.
Dabur's stock was trading at Rs 178.40 on the BSE in the afternoon trade, down 2.27%.
The company reported net profit of Rs 202 crore in the corresponding quarter of last fiscal, 2012-13.
Dabur's Q2, 2013-14 net sales went up by 14.85% to Rs 1,749 crore, compared to Rs 1,523 crore in the year-ago period.
Dabur's consumer care business increased by 18.33% at Rs 1,495 crore, while foods business grew by 15.71% to Rs 203 crore.
"Strong demand from the hinterland following the mega initiative to double our rural distribution footprint helped Dabur India Ltd sail through a challenging business environment and moderation in consumption expenditure," the company said in a statement.
Retail business was up 17.36% at Rs 16.56 crore while other businesses declined by 51% to Rs 33.37 crore.
Dabur India CEO Sunil Duggal said: "The rising cost pressures were managed through a mix of judicious price increases and improved buying efficiencies. We are seeing demand from rural India out pacing the urban markets."
On the overall expenses front, Dabur reported 12.55% jump at Rs 1,448.56 crore in the quarter ended September 30 this year as against Rs 1,287 crore in corresponding quarter last year.
International business ended the second quarter with 25.8% growth, led by Middle East & North Africa (MENA) markets and Bangladesh.
Dabur's stock was trading at Rs 178.40 on the BSE in the afternoon trade, down 2.27%.
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