The consolidated net profit of fast moving consumer goods company Dabur India increased 27.04 per cent in the quarter ending December 31, 2009. It stood at Rs 137.77 crore in the third quarter against Rs 108.45 crore in the corresponding period a year ago. Net sales, on the other hand, saw a slower pace of growth, moving up 18.25 per cent only, to touch Rs 926.18 crore in the third quarter against Rs 778.65 crore in the corresponding period last year.
On a standalone basis, the company's net profit surged 7.97 per cent, to touch Rs 113.07 crore in the third quarter against Rs 104.72 crore in the corresponding period a year before. Growth in net sales was a bit more at 13.46 per cent in the third quarter. In absolute terms, net sales were Rs 764.30 crore in the third quarter against Rs 673.60 crore in the corresponding period a year before.
Operating profit margins showed a marginal improvement of 179 basis points to touch 19.7 per cent, the company said. The company could achieve this on the back of cost efficiencies in the third quarter, Dabur India Chief Executive Officer Sunil Duggal said.
On the domestic front, Dabur India's oral care portfolio grew 25 per cent in the third quarter, while hair care and skin care grew 41 per cent and 32.5 per cent respectively. Dabur's flagship product Chyawanprash, meanwhile, grew 10 per cent in the third quarter.
The company's stock closed marginally down on January 27 to touch Rs 155 from Rs 157.80 the previous day.
