May 3, 2019
Dabur India Q4 profit down to Rs 370 crore
May 3, 2019
FMCG firm Dabur India witnessed a 7 percent slump in its consolidated net profit at Rs 370 crore ($53.4 million) for the fourth quarter of the fiscal year 2018-19 on the back of one-time loss of Rs 75 crore.
Dabur India had reported a net profit of Rs 396 crore during the corresponding quarter in a year ago period.
The revenue of the company rose slightly by 4 percent at Rs 2,128 crore against Rs 2,033 crore it had posted during the previous year.
Dabur India’s consolidated revenue for the 2018-19 financial year stood at Rs 8,533 crore, up over 10 percent from Rs 7,748 crore a year earlier.
The net profit for the fiscal year rose 7 percent to Rs 1,446 crore as against Rs 1,358 crore in the previous fiscal.
“The gradual recovery of the domestic market was temporarily impacted by adverse liquidity conditions and the agrarian crisis -- particularly towards the end of the financial year,” said company CEO Mohit Malhotra.
"Our India business demonstrated resilience and continued to report a steady growth with strong market share gains in key highly competitive categories. Dabur's domestic FMCG business recorded a growth of 13 per cent in 2018-19. The performance of Dabur's international business was, however, relatively muted due to a challenging macroeconomic environment,” added Malhotra.
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