New Delhi: Homegrown FMCG major Dabur India Ltd on Friday reported 10.24 percent increase in consolidated net profit to Rs 363.81 crore for the first quarter ended June, 2019, driven by growth in rural sales.
It had posted a net profit of Rs 330 crore in the April-June period of the last fiscal, Dabur India said in a BSE filing.
Dabur's revenue from operations for the quarter under review was up 9.25 percent to Rs 2,273.29 crore, as against Rs 2,080.68 crore in the corresponding quarter of the previous fiscal.
"While the macroeconomic environment continues to be challenging with an overall demand slowdown in India and competitive intensity remaining high, we have executed well on our distribution expansion strategy in rural India which has resulted in consistent improvement of our performance," said Dabur India CEO Mohit Malhotra.
According to the company, its domestic FMCG business reported a volume growth of 9.6 percent during the quarter.
Dabur's total expenses were at Rs 1,883.65 crore, as against Rs 1,752.17 crore, registering a rise of 7.50 percent.
Revenue from the Dabur's consumer care business was up 11.38 percent to Rs 1,844.60 crore during the quarter under review, as against Rs 1,656.08 crore of the corresponding quarter.
Its food business saw a marginal growth of 0.77 percent to Rs 366.32 crore as against Rs 363.51 crore in the first quarter of FY2018-19.
While the company's retail business was up 6.42 percent to Rs 32.31 crore, as against Rs 30.36 crore a year ago.
Revenue from other segments was also up 3.05 percent to Rs 23.65 crore in the June quarter, as against Rs 22.95 crore in the year-ago period.
Over the outlook, Malhotra said: "we will continue to invest behind our brands, accelerate on product innovation efforts, and enhance our capabilities for sustainable future growth."
Share of Dabur India Ltd were trading at Rs 423.75 on BSE at afternoon, down 1.22 percent from previous close.
Updated Date: Jul 19, 2019 15:44:04 IST