New Delhi: Dabur Ltd today reported 13.33% increase 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% 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 grew by 13.56% at Rs 1,520.66 crore, while foods business grew by 19.38% 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% led by GCC, Egypt, Turkey and Levant
Dabur scrip was trading at Rs 196.90 on the BSE in the afternoon trade, down 1.23% from the previous close.