Consumer goods maker Dabur India 's second quarter consolidated net profit
rose 16% year-on-year to Rs 202 crore, helped by strong growth in personal care
and foods businesses and higher other income.
The company's quarterly net sales were up 21% from a year
ago to Rs 1,523 crore.
The results were in-line with analysts expectations of a net
profit of Rs 200 crore on revenue of Rs 1,513 crore, according to a CNBC-TV18
poll.
Dabur's volumes grew 9% in the July-September quarter, while
price hikes accounted for 6% of growth.
Its growth was also helped by other income, which was higher
at Rs 23 crore, compared with Rs 13 crore a year ago.
A combination of innovation, relentless market development
initiatives and stronger growth across key categories like health supplements,
shampoos, food, skin care and home care helped sales growth, it said on Friday.
Among key segments, shampoos grew 40%, skin care saw near
25% growth, and home care and health supplements businesses grew 23% and 16%
respectively, Dabur said.
The company's international business grew 25% in the second
quarter, led by strong performance in the Gulf region, Egypt and Nigeria, where
hair care and toothpastes were key growth drivers.
Overall, Dabur's consumer care business revenue was up 18%
at Rs 1,264 crore in July-Sep and foods business revenue rose 19% to Rs 176
crore.
Sales from its retail business increased 55% to Rs 14 crore,
but it still posted a loss of Rs 3 crore, versus Rs 2.74 crore loss a year ago.
Dabur shares were down 3.8% at Rs 127.80 on NSE in late
afternoon trade in a weak broader market.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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