Dabur India's Q2 net profit up 4 percent to Rs 378 crore

By

Maverick Martins

Published
Nov 1, 2018

FMCG major Dabur India witnessed a 4 percent rise in its net profit to Rs 378 crore (approx $51.5 million) for the second quarter ended September 2018. The company had posted a net profit of Rs 363 crore in the July-September quarter a-year-ago

The revenue for the quarter also rose 8 percent to Rs 2,206 crore, as against Rs 2,043 crore in the corresponding quarter a year ago. Dabur attributed the growth to strong performances by its key brands in the domestic market.
 
Dabur’s total expenses also shot up 9 percent during the quarter to Rs 1,733 crore as against Rs 1,592 crore.

"Despite the higher competitive intensity, we have sustained a good growth momentum in the domestic FMCG business with our key brands reporting strong market share gains during the quarter," Dabur India CEO Sunil Duggal said, in a statement.
 
"Performance in our international business was relatively muted due to the weakness in the Middle East and North Africa (MENA) region and currency devaluations in markets like Turkey," Duggal added.
 
The consumer care business was the highest contributor to the company’s revenue for the quarter with 1,777 crore followed by food and retail business.