Dabur India reported a 16.4% rise in net profit for the July-September quarter at Rs 202.37 crore compared with Rs 173.86 crore reported in the corresponding quarter last fiscal year.
Consolidated net sales increased 20.6% to Rs 1,522.60 crore in the second quarter of the current fiscal year, as against Rs 1,262.33 crore reported in the same quarter last fiscal year.
“Despite signs of an economic downturn, Dabur India has maintained strong growth and continues to register sales growth ahead of the market in several key categories. We remain on course to strengthen our brand portfolio, improve our competitiveness in the market place and deliver profitable growth,” Dabur India Chief Executive Officer Sunil Duggal said in a statement.
The company has managed cost pressures through a mix of price increases and improved buying efficiencies, Duggal said.
The company has also declared an interim dividend of 65% for 2012-13. The total payout as interim dividend would be Rs 131.67 crore, Chairman Anand Burman said in a statement.
Dabur’s shampoo business grew 40.2%, followed by skin care that has grown on the back of Fem at about 25% during the quarter under review. Dabur’s home care business increased 23% and health supplements segment grew by 15.7%, according to a company statement.
The company reported a 24.8% growth in international business, especially in GCC, Egypt and Nigeria during the July-September quarter. “Hair care and toothpastes were the key growth drivers for Dabur in the international markets,” Dabur India Group Director P D Narang said in a statement.