Dabur India has posted a net profit after taxes, Minority Interest and Share of Profit of Associates of Rs 2,497.40 mn for the quarter ended September 30, 2013 as compared to Rs 2,023.70 mn for the quarter ended September 30, 2012.
Total Income has increased from Rs 15,518.30 million for the quarter ended September 30, 2012 to Rs 17,767.90 mn for the quarter ended September 30, 2013.
Strong demand from the hinterland following the mega initiative to double our rural distribution footprint helped Dabur India sail through a challenging business environment and moderation in consumption expenditure to report a 14.9 percent growth in net sales during the second quarter of 2013-14. Dabur India ended the second quarter with net sales of Rs 1,749 crore, up from Rs 1,522.60 crore in the same quarter of the previous fiscal.
A combination of innovative consumer-connect initiatives and relentless market development drivehelped Dabur report stronger growth across key categories like Home Care, Health Supplements,
Shampoos, Foods, Skin Care and Oral Care. Dabur India’s consolidated net profit for the second quarter of 2013 -14 marked a 23.4 percent surge to Rs 249.74 crore, up from Rs 202.37 crore a year earlier.
Sunil Duggal, CEO, Dabur India, said: “The rising cost pressures were managed through a mix of judicious price increases and improved buying efficiencies. There are signs of an economic downturn, but Dabur maintained its strong growth momentum and continues to register sales growth ahead of the market in several key categories. With our rural expansion programme, we have laid the foundation for strong and profitable growth in the future and this initiative started yielding positive results. We are seeing demand from rural India outpacing the urban markets."
The Home Care business for Dabur, led by the air freshener brand Odonil, continued to move forward on its growth trajectory and ended the quarter with a 25.3 percent growth. The Foods business also reported a 22 percent growth, while the Oral Care category ended the three-month period with a near 19 percent growth. The Health Supplements business grew by around 17 percent. Skin Care business grew by over 17 percent while the Shampoo business reported over 13 percent growth. The quarter saw Dabur launch a host of new products and variants.
Dabur’s International Business recorded a growth of 25.8 percent during the second quarter, led by a strong performance in Middle East & North Africa (MENA) markets and Bangladesh. “Hair Care and Toothpastes were the key growth drivers for Dabur in the international markets,” said P D Narang, Group Director, Dabur India.