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Dabur India posts 18.7 percent increase in net profit in Q2

Kolkata: Dabur India on Wednesday announced 18.7 percent increase in its net consolidated profit at Rs.341.1 crore for the quarter ended September 30 as against Rs.287.5 crore in the year-ago period.
The company’s consolidated net sales for the second quarter of the current fiscal year marked an 8.7 percent growth at Rs.2,092.1 crore – up from Rs.1,924.1 crore in the same quarter a year earlier. The Board of Directors of Dabur India has declared an interim dividend of 125 percent, aggregating to a total payout of Rs.264.65 crore for 2015-16.
“In a low growth and challenging business environment where growth rates in most consumer products segments remained under pressure, Dabur remains committed to delivering profitable growth. “Even in these uncertain times, we have continued to report good growth across key categories and grow ahead of the market. We continue to invest in our brands and are confident of our ability to report sustainable and profitable growth going forward,” the company’s chief executive officer Sunil Duggal said in a statement.
The oral care business continued to move forward ending the quarter with a near 19 percent growth while the OTC and ethicals business division ended the period under review with a near 11 percent growth. Its hair oils business also reported a growth in excess of 14 percent while the home care business division ended the quarter with an over 12 percent growth.
“We are managing our business dynamically to ensure that we remain competitive and cost efficient,” the firm’s group director P.D. Narang said.