Dabur India Q2 net profit up 7 percent at Rs 403 crore
today Nov 6, 2019
Dabur India’s net profit for the second quarter ended September 30, 2019, increased by 7 percent to Rs 403 crore ($57 million) as against Rs 377 crore it had reported in the year-ago period.
The company’s revenue for the quarter was up 4 percent to Rs 2,212 crore as against Rs 2,125 crore it posted in the corresponding quarter last fiscal year.
Dabur said that its net profit was impacted due to the one-time impairment in the value of investments to the tune of Rs 40 crore.
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 9 percent at Rs 489 crore as compared to Rs 451 crore last year.
Commenting on the results, Mohit Malhotra CEO of Dabur India in a statement said, “The domestic business continues to face heavy headwinds in the form of a sustained slowdown in demand, aggravated by the liquidity crunch in the market. Despite a sharp fall in growth rates in most consumer products segments, Dabur continues to focus on brand-building across our key categories while leveraging our strong herbal and Ayurvedic heritage.”
“Our focus on strengthening our Master Brands, enhancing our rural reach coupled with our focus on operating efficiencies and judicious cost management will support sustained profitable growth in the future," Malhotra added.
Dabur had reported double-digit growth in the first quarter of the financial year.
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