Dabur India Q3 net profit rises 8.62% to Rs 398.87 cr; revenue from consumer care business segment up 7.83% to Rs 2,061.36 cr
Dabur's domestic FMCG business reported an underlying volume growth of 5.6 percent during the quarter, the company said in a statement.
Revenue from operations rose 6.99% to Rs 2,352.97 crore during the quarter under review as against Rs 2,199.21 crore in the corresponding quarter of the previous fiscal
Dabur's domestic FMCG business reported underlying volume growth of 5.6% during the quarter, the company said in a statement
Revenue from retail business increased 1.13% to Rs 34.63 crore from Rs 34.24 crore in the corresponding period of previous year
New Delhi: Homegrown FMCG major Dabur India Ltd on Thursday reported 8.62 percent increase in consolidated net profit at Rs 398.87 crore for the third quarter ended December.
The company had posted a consolidated net profit of Rs 367.21 crore in October-December quarter a year ago, Dabur India said in a BSE filing.
Revenue from operations rose 6.99 percent to Rs 2,352.97 crore during the quarter under review as against Rs 2,199.21 crore in the corresponding quarter the previous fiscal.
Total expenses during October-December rose 6.03 percent to Rs 1,924.94 crore as against Rs 1,815.41 crore.
Dabur's domestic FMCG business reported underlying volume growth of 5.6 percent during the quarter, the company said in a statement.
Commenting on the results, Dabur India CEO Mohit Malhotra said, "While the global macroeconomic environment continues to be challenging and competitive intensity remains high, we have successfully tapped the growth opportunities to deliver a strong performance during the quarter."
"Our focus on strengthening our core healthcare portfolio with heavy investments behind our power brands, coupled with investment in expanding our rural footprint and enhancing our go-to-market approach, continues to serve us well. This has enabled us to grow ahead of categories and gain market share across our portfolio," he said.
The company's revenue from consumer care business segment rose 7.83 percent to Rs 2,061.36 crore as against Rs 1,911.56 crore in the year-ago period.
Food business revenue increased 1 percent to Rs 228.87 crore as compared with Rs 226.60 crore in the year-ago period.
Revenue from retail business increased 1.13 percent to Rs 34.63 crore from Rs 34.24 crore in the corresponding period of previous year.
Revenue from other segments rose 1.16 percent to Rs 21.67 crore as against Rs 21.42 crore.
Dabur's international business grew 11.7 percent during the third quarter of 2019-20, led by strong local currency growth in key markets like Middle East and North Africa (MENA), Egypt, Nigeria, Turkey and Nepal, the statement said.
"The Turkey business grew by over 32 percent, while Nepal reported a nearly 21 percent growth during the quarter. The MENA business posted a growth of over 10 percent, while Egypt grew by 17 percent and Nigeria by over 17 percent," it said.
Shares of Dabur India on Thursday closed 2.57 percent lower at Rs 479 on the BSE.
Shares of Bajaj Consumer Care zoomed 20 percent on Wednesday after Bajaj Resources, a promoter of the consumer goods firm, offloaded around 22 percent stake in the company
Some FMCG firms are also educating consumers by engaging their brands to communicate with the consumers, through special campaigns on digital and mainstream media, to make them aware about the benefits of regular hands wash as prevention for coronavirus
Despite the possible strength in the market, the retail investors without access to solid research should still invest through mutual funds or create a health portfolio based on research as volatility could dampen the bull-run any time.