On the back of strong performance in key categories such as hair and skin care, coupled with a softening of input costs prices, Dabur India Ltd today posted a 16.1% rise in net profit at Rs 107.40 cr for the third quarter ended December 31, 2008, up from Rs 92.50 cr in the corresponding period a year ago.
Dabur ended the quarter with gross sales of Rs 786.21 cr, up 19.4% from Rs 658.61 cr a year earlier.
While the hair care business grew by 29% , the baby and skin care category reported a 24% growth during the period. Dabur’s international business recorded 48.2% growth during the third quarter, led by strong growth in GCC and North African markets.
The board of directors of Dabur India Ltd also declared an Interim Dividend of 75% for the current financial year. “With a firm focus on internal efficiencies and our key growth drivers, we have been able to achieve impressive growth this quarter.
Continuing with our payout policy, Dabur India has approved an Interim Dividend of 75% for the year, aggregating to a payout of Rs 64.88 cr,” said Dabur India Ltd chairman Anand Burman.