Dabur Ltd Q2 net profit rises 5 percent to Rs 505 crore

By

Maverick Martins

Published
Nov 3, 2021

Homegrown FMCG major Dabur India Ltd reported a five percent rise in consolidated net profit at Rs 505 crore ($67.8 million) for the September quarter, as against a net profit of Rs 483 crore it reported in the year-ago period.
 

The company’s revenue for the quarter rose by 12 percent to Rs 2,818 crore, as against Rs 2,516 crore in the corresponding quarter of the previous fiscal.
 
Dabur India's expenses during the quarter rose 13 percent at Rs 2,268 crore, as against Rs 2,013 crore in the year-ago period.

Commenting on the results, Dabur India CEO, Mohit Malhotra, in a statement said: “While the Covid-19 fears have largely receded with the vaccination drive gathering pace and mobility improving, the operating environment remained challenging with unprecedented inflation impacting consumer sentiments in the run-up to the festive season. Our strategic business transformation exercise last year helped us successfully address the emerging challenges and deliver a healthy top-line growth despite the tough macroeconomic conditions.
 
“We continue to focus on rolling out consumer-relevant innovations, coupled with heavy investments behind our Power Brands and distribution expansion strategy, to deliver strong, sustainable, and profitable growth,” Malhotra added.
 
Dabur Ltd is one of the leading companies in India with a strong presence in the personal care segment.