Dabur India Q1 net profit rises 24% at Rs 261 crore

FMCG firm Dabur India on Wednesday reported a 23.86 per cent rise in consolidated net profit to Rs 261.11 crore for the first quarter ended June 30, 2015-16, mainly on account of robust sales.

The company had posted a net profit after taxes, minority interest and share of profit of associates of Rs 210.81 crore for the April-June period of the previous fiscal, Dabur India said in a filing to the BSE.

Consolidated total income from operations of the company also rose to Rs 2,069.49 crore for the quarter under review as against Rs 1,868.86 crore in the year-ago period.

Dabur India CEO Sunil Duggal said: "We continue to strengthen our business for long term by driving innovation and investing behind our brands. With these initiatives we are confident of growing ahead of the market and improving our market share."

Dabur India stock closed at Rs 290.45, down 1.24 per cent, on the BSE.