FMCG major Dabur India has reported over 19 per cent growth in its consolidated sales for the third quarter ended December 31, 2008. The company ended the quarter with gross sales of over Rs 7.86 billion, up from Rs 6.58 billion from its corresponding figure in the previous year. Further, the net profit for the third quarter marked 16 per cent rise to Rs 1074 million up from Rs 925 million a year ago, according to a company press release.
Sunil Duggal, CEO, Dabur India Ltd, said, “We continued to sustain our growth momentum and reported strong top line and bottom line improvements during the third quarter. Our hair care business continued to surge ahead with a strong 29 per cent growth during the quarter, led by shampoos that grew by a robust 34 per cent. The baby and skin care category also reported a 24 per cent growth during the period.”
He further said that the consumer health division continued to surge ahead reporting around 18 per cent growth, while Dabur’s international business grew at 48.2 per cent during the quarter.
Besides growth in sales and profit figures, the company acquired majority stake amounting 72.15 per cent of Fem Care Pharma Ltd for Rs 2.03 billion during the quarter, the release added.
— IndiaRetailing Bureau