Dabur India has posted a net profit after taxes, Minority Interest and Share of Profit / (loss) of Associates of Rs 2,428.80 million for the quarter ended December 31, 2013 as compared to Rs. 2,111.10 mn for the quarter ended December 31, 2012.
Total income of the company increased from Rs 16,634.00 million for the quarter ended December 31, 2012 to Rs 19,432.30 mn for the quarter ended December 31, 2013.
Commenting on the performance, Sunil Duggal, Chief Executive Officer, Dabur India, said: “We have delivered another quarter of strong volume-led growth. Dabur has been reporting strong and consistent performance despite intensifying competitive pressures and the challenging market environment being witnessed for some quarters now. Our focus on brand-building and market expansion programs coupled with a greater degree of innovation has helped Dabur sustain strong growth in the core categories, which have been significantly ahead of the market. Going forward, our focus will be on pursuing an aggressive and profitable growth strategy,”
The Health Supplements business of Dabur was a key driver of growth during the quarter, reporting a strong 19.5 percent surge. Its Air Freshener business, under the brand Odonil, also recorded over 27 percent growth during the quarter. Dabur’s Foods business also reported nearly an 18 percent growth. The company’s Shampoo business ended the third quarter of 2013-14 fiscal with a strong 24.7 percent growth while the Toothpaste business grew by over 14 percent. Skin Care category of Dabur reported over 13 percent growth during the quarter.
The quarter also saw Dabur launching new products and variants, including the new Fem Fairness Naturals facial bleach range and Vatika Hibiscus hair care range.
Dabur’s international business ended the quarter with a 26 percent growth, led by strong performance in GCC, Egypt, and Nigeria. “The GCC business reported a 21 percent growth, while sales in Egypt and Nigeria both grew by 16 percent. Going forward, we will continue to pursue an aggressive growth strategy,” added P D Narang, Group Director, Dabur India.