Dabur India Q2 net profit jumps 19 percent to Rs 483 crore

By

Maverick Martins

Published
Nov 4, 2020

Dabur India witnessed a 19 percent jump in its net profit at Rs 483 crore ($64.7 million) in the quarter ended September 2020, as against a net profit of Rs 404 crore it reported in the same quarter last year.
 

The company’s revenue for the quarter rose by 14 percent to Rs 2,516 crore, from Rs 2,212 crore it reported in the corresponding quarter last year.
 
“While Covid-19 continues to impact people around the world, Dabur India Ltd's strategic business transformation exercise to develop and implement aggressive growth strategies in the core business areas and successfully address the emerging challenges helped us deliver a healthy topline growth accompanied by an expansion in margin,” said Mohit Malhotra, chief executive officer of Dabur India, said in a statement.

"Our domestic healthcare business reported a strong 49 percent growth, with the recent consumer-relevant innovations contributing to around 5-6 percent of our revenue. Our International business has also staged a smart recovery and reported a growth of 5.5 percent despite the key GCC market continuing to face macro-economic headwinds," he added.
 
Dabur Ltd is one of the leading companies in India with a strong presence in the personal care segment. It sells oral care brands, apart from skincare, hair oils, shampoos, home care, health supplements, among other household products.