Dabur reports 13.33% rise in Q1 profit

Dabur on Monday reported a 13.33 per cent rise in consolidated net profit at Rs 210.81 crore for the first quarter ended June 30, 2014-15, on account of strong performance in the FMCG segment.

The company had reported net profit of Rs 186.01 crore in the April-June quarter of the 2013-14 fiscal.

Dabur's net sales in Q1, 2014-15 moved up by 13.16 per cent to Rs 1,863.9 crore, compared to Rs 1,647 crore in the year-ago period.

Dabur India CEO Sunil Duggal said: "Despite a sharp fall in growth rates in most consumer products segments, Dabur continued to report strong volume-led growth across its key categories."

Dabur's consumer care business rose 13.56 per cent at Rs 1,520.66 crore, while foods business grew by 19.38 per cent to Rs 298.34 crore.

"We have managed our business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies, maintaining our growth momentum and registering sales growth ahead of the market in several key categories," Duggal added.

International business grew by 18 per cent led by GCC, Egypt, Turkey and Levant.

Dabur scrip closed at Rs 198.05 on the BSE, down 0.65 per cent from the previous close.