FMCG Major Dabur India bags distinction in Q2 result with 18.7% net profit surge
Opportunity India Desk
Sep 29, 2017 -
2 min read
FMCG major Dabur India Ltd mitigated the impact of a challenging business environment and disturbances in key geographies to deliver strong profitable growth. Dabur India Ltd's Consolidated Net Sales for the second quarter of 2015-16 marked an 8.7 per cent growth at Rs2, 092.1 Crore, up from Rs 1,924.1 Crore a year earlier.
Consolidated Net Profit for Q2 2015-16 reported an 18.7 per cent jump to Rs341.1 Crore as against Rs287.5Crore a year earlier. Dabur ended Q2 of 2015-16 with a 17.8per cent growth in EBITDA.
“In a low growth and challenging business environment where growth rates in most consumer products segments remained under pressure, Dabur remains committed to delivering profitable growth. Even in these uncertain times, we have continued to report good growth across key categories and grow ahead of the market. We continue to invest behind our brands and are confident of our ability to report sustainable and profitable growth, going forward,” said Sunil Duggal, Chief Executive Officer, Dabur India Ltd.
Key growth categories
The Oral Care business for Dabur, led by Dabur Red Paste and Meswak, continued to move forward on its strong growth trajectory and ended the quarter with a near 19per cent growth.
The Hair Oils business also reported an over 14per cent growth during the quarter. The Home Care business ended the quarter with an over 12per cent growth, while the OTC & Ethicals business ended the period with a near 11per cent growth.
“Continuing with our payout policy, the Board has declared an interim dividend of Re 1.25per share, aggregating to a total payout of Rs 264.65 Crore,” Dabur India Ltd Chairman Dr. Anand Burman said.
The quarter saw Dabur launch a host of new products and variants across geographies, all of which have received good response. During the quarter, Dabur extended the Hajmola brand to the beverage market with the launch of Hajmola Yoodley and also strengthened its presence in the professional skin care market with the launch of two new products under the OxyLife brand. In addition, the hair oil portfolio was expanded with the launch of Vatika Jasmine.
Dabur’s International Business recorded good growth during the second quarter, despite disturbances in key geographies. “We are managing our business dynamically to ensure that we remain competitive and cost efficient,” Dabur India Ltd Group Director Mr. P D Narang said.
The Board of Directors of Dabur India Ltd declared an interim dividend of 125 per cent for 2015-16.
