Dabur India Q3 net profit jumps 24 percent to Rs 494 crore

By

Maverick Martins

Published
Feb 1, 2021

FMCG and Ayurvedic products maker Dabur India witnessed a 24 percent rise in consolidated net profit at Rs 494 crore ($67.8 million) for the quarter ending December 2020, as against a net profit of Rs 399 crore in the year-ago period.

The company’s revenue for the quarter rose by 16 percent to Rs 2,729 crore, as compared to Rs 2,353 crore it reported in the corresponding period last year.
 
Dabur’s total expenses in the quarter under review were up 15 percent at Rs 2,219 crore, as against Rs 1,925 crore in the year-ago period.

Commenting on the third-quarter results, Dabur India CEO, Mohit Malhotra, in a statement said: “With the Covid fears receding and mobility improving, we have reported a stellar performance during the quarter with strong revenue and profit growth. Riding on our strategic business transformation exercise aimed at developing aggressive growth engines in the core business areas, our domestic healthcare vertical ended the quarter with a 28 percent growth.”
 
“Our focus on strengthening our core healthcare portfolio with heavy investments behind our power brands, coupled with investment in expanding our rural footprint and enhancing our go-to-market approach, continues to serve us well. This has enabled us to grow ahead of categories and gain market share across our portfolio," Malhotra 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.