Dabur reports 15.11% rise in Q2 profit

Dabur India on Monday reported 15.11 per cent increase in consolidated net profit at Rs 287.48 crore for the second quarter ended September 30, 2014-15.

The company had net profit of Rs 249.74 crore in the July- September quarter of last fiscal, 2013-14.

Dabur's Q2, 2014-15 net sales rose by 10.35 per cent at Rs 1,924.09 crore, compared to Rs 1,743.5 crore in the year- ago period, the company said in a BSE filing.

Dabur's consumer care business increased by 7.55 per cent to Rs 1,602.82 crore, while the foods business grew by 29.20 per cent to Rs 262.79 crore.

Retail business was up by 30.73 per cent at Rs 21.65 crore while other businesses increased by 10.36 per cent to Rs 36.83 crore.

Dabur India CEO Sunil Duggal said: "In a low growth and challenging environment where growth rates in most consumer products segments have witnessed a sharp fall, Dabur continued to report strong volume-led growth across its key categories and grow ahead of the market. Our domestic FMCG business continued to perform ahead of the industry and we have ended the quarter with an 8.7 per cent volume growth."

For the six month period ended September 30, the company posted a net profit of Rs 498.29 crore as against Rs 435.75 crore in the year-ago period.

Net sales of the company for the six month period ended September 30, rose to Rs 3,787.99 crore as compared to Rs 3,390.5 crore a year ago.

Dabur shares were trading 2.74 per cent up at Rs 232.10 apiece on the BSE in the afternoon.