Published
Oct 26, 2022
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Dabur India Ltd Q2 net profit dips 3 percent to Rs 491 crore

Published
Oct 26, 2022

FMCG major Dabur India Ltd reported a 3 percent decline in its consolidated net profit to Rs 491 crore ($59.9 million) for the second quarter ended September 30, as against Rs 505 crore reported in the year-ago period.


Dabur India Ltd Q2 net profit dips 3 percent to Rs 491 crore - Dabur - Facebook


However, the company’s revenue for the quarter rose by 6 percent to Rs 2,986 crore, as against Rs 2,817 crore reported in the corresponding period of the previous fiscal year.

Dabur India's total expenses increased by 9 percent during the quarter to Rs 2,471 crore, as compared to Rs 2,268 crore reported in the July-September quarter last year.

Commenting on the Q2 results, Mohit Malhotra, CEO of Dabur India Ltd in a statement said, “While the challenging economic environment continued to be a concern and impacted the purchasing power, we are seeing green shoots of recovery with the onset of festive season. The impact of inflationary pressures was more pronounced in the rural markets with demand growth in hinterland lagging urban markets for the first time in five quarters.”

“However, we are hopeful of rural demand reporting a smart recovery in the coming quarters and we are investing ahead of the curve to ride this demand recovery by expanding our rural footprint by adding nearly 9,000 villages in Q2 of 2022-23 to take our total coverage to over 100,000 villages,” he added.

Dabur retails a wide range of personal care brands including Vatika, Fem, Babool, Odonil, and Dabur among others. With a pan-India presence, the brand is positioned in the value to mid-segment of the market.

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