FMCG firm Dabur India today reported a 30.7 per cent jump in consolidated net profit during the second quarter ended September at Rs 140.34 crore as against Rs 107.41 crore in the year-ago period driven by strong volume growth across key categories.
Revenue during the quarter stood at Rs 855.06 crores as against Rs 698.45 crores in the corresponding period last fiscal, up 22.4 per cent, the company said in a statement.
The company has also declared an interim dividend of 75 per cent for 2009-10 at Re 0.75 per share, aggregating to Rs 75.95 crore.
"Consumer spending in FMCG, particularly for everyday use products at popular price points, continues to remain strong. This positive sentiment, coupled with our strong new product roll out initiatives, has helped Dabur report strong volume growth across all our key categories," Dabur India Ltd Chief Executive Officer Sunil Duggal said.
The growth was witnessed across both the rural and urban markets, he added.
Dabur saw its hair care category grow by 21.5 per cent growth, led by Vatika shampoo, which grew by an 45.5 per cent during the quarter.
"Dabur's toothpaste business, led by Babool and Dabur Red Toothpaste, also reported a near 11 per cent growth during the quarter. The skin care business for Dabur reported a 42.7 per cent growth, led by increased demand for the Gulabari range of skin care products," it added.
In the overseas markets, the company's business grew by 27.5 per cent, which was led by robust performance in the Gulf, Egypt, Bangladesh and Nepal.
"Sales in the GCC region reported a 36.8 per cent growth, while Egypt witnessed a near 35.3 per cent growth during the quarter. The South Asian markets too performed well with sales in Nepal surging by 41.4 per cent during the second quarter of 2009-10," Dabur India Group Director P D Narang said.
The key categories accelerating the overseas division's growth include hair creams, toothpastes, hair oils and conditioners, he added.
