Dabur India Q1 net up 25 percent to Rs 186 crore
The maker of Vatika shampoo and Real fruit juices reported a 13 percent rise in total income in April-June, with revenue increasing across its consumer care, foods and retail business.
July 24, 2013 / 23:01 IST
Moneycontrol Bureau
Fast moving consumer goods company Dabur India's first quarter consolidated net profit rose 25 percent year-on-year to Rs 186 crore.The company's consolidated total income in April-June was up close to 13 percent from a year ago to Rs 1,657 crore. Volumes grew 9 percent versus 12 percent a year ago.Analysts on average had expected Dabur to report a consolidated net profit of Rs 182 crore on revenue of Rs 1,648 crore, according to a CNBC-TV18 poll.Its domestic FMCG business grew 13 percent, while international business grew 17 percent.The company's operating profit margin in the quarter was at 14.5 percent, lower than analysts expectation of 15.3 percent.Among its key business segments, Consumer Care business revenue was at Rs 1,343 crore, up 14 percent in April-June. Foods business revenue rose 18 percent to Rs 250 crore and Retail business revenue gained 27 percent to Rs 17 crore, the maker of Real Fruit Juices and Vatika Shampoo said on Wednesday. Dabur operates retail stores under the New U Brand.
Revenue from other segments was down 34 percent to Rs 41 crore, it said.Sunil Duggal, Dabur's CEO, said that there were signs of an economic downturn and increased competitive intensity in the market, but the company had seen strong volume growth across key categories. "We have managed our business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies. The macro-economic pressures notwithstanding, we remain on course to strengthen our brand portfolio and improve our competitiveness in the market place," Duggal added.At 14:15hrs, Dabur India shares were up 1.3 percent at Rs 172.65 on NSE.Also Read: Yes Bank Q1 net rises 38% to Rs 401cr on higher other income Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
