Friday, Mar 29 2024 | Time 03:39 Hrs(IST)
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Business Economy


Dabur Q2 net up by 5 percent

Mumbai, Oct 26 (UNI) FMCG major Dabur India today reported a 5 percent increase in consolidated net profit at Rs 357.27 crore for the quarter ended September 30, 2016 as compared with net profit of Rs 340.25 crore in the same period of last fiscal.
Total Income has increased from Rs 2015.18 crore for the quarter ended September 30, 2015 to Rs 2070.87 crore for the quarter ended September 30, 2016, up by 2.73 percent.
Dabur India CEO Sunil Duggal said ''The overall business environment continued to be challenging, with consumer demand remaining slack in India, while overseas geographies such as West Asia and Africa were
hit by a worsening geopolitical situation.''
The company continued to invest behind its brands and is confident of its ability to report profitable growth going forward, he said.
''Even in a tough environment, we have navigated the external business environment well and our domestic FMCG business ended Q2 of 2016-17 with a volume growth of 4.5 per cent,'' Duggal said.
In terms of category, the home care business grew by around 20 per cent, led by strong demand for the mosquito repellent brand Odomos and air freshener brand Odonil, the company said.
The foods business reported over 15 per cent growth in the quarter, while the skin care business ended the quarter with near 7 per cent growth.
The Board of Directors has declared an interim dividend of 125 per cent for 2016-17.
UNI JS NV1615
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