New Delhi, January, 2015 – Dabur India posted a consolidated net profit of Rs. 282.8 crore, up 16.4 per cent for the quarter ended December 31, 2014 against Rs. 242.9 crore in the corresponding quarter previous year.
The company’s consolidated net sales grew 9.2 per cent to Rs. 2,073.6 crore, led by strong growth in categories, such as toothpastes, health supplements, hair care and home care.
Sunil Duggal, CEO, Dabur India, said: “While the macro-economic environment continues to be challenging and competitive intensity remains high, we continue to pursue a prudent growth strategy and have been efficiently managing the risks and challenges.”
He said, going forward too the company’s focus will be on pursuing an aggressive and profitable growth strategy.
While the toothpastes business grew 19 per cent, home care business reported an over 16-per cent growth during the quarter. The health supplements business was up 13.5 per cent and hair care category grew 12.1 per cent on the back of strong growth in the shampoos segment. Meanwhile, the foods category grew about 12 per cent, the statement added.
“The quarter also saw Dabur’s beauty retail subsidiary, NewU, mark a turnaround and report profits in a quarter for the first time,” the company said.
The growth in Dabur’s international business was led by Egypt at 29 per cent, Levant (comprising Yemen, Jordan, Lebanon and Syria markets) at 17 per cent and GCC at 14 per cent.