Dabur India 's third quarter consolidated net profit rose 12% from a year ago to Rs 172.82 crore, as good uptick in sales offset surge in expenses.
The FMCG company reported higher-than-expected 34.5% year-on-year rise in consolidated net sales at Rs 1,452.68 crore in the October-December quarter.
Analysts on average had expected Dabur India to report third quarter net profit of Rs 175 crore on revenue of Rs 1,380 crore, according to a CNBC-TV18 poll.
Dabur shares rose post the earnings announcement and were up 1.7% at Rs 94.05 on NSE in afternoon trade.
Dabur India had acquired US-based Namaste Laboratories LLC after the year ago third quarter and thus the two quarter were not comporable, the company said.
During the three-month period, Dabur India's total expenses surged 40% from a year ago to Rs 1,252 crore, due to higher input costs and a rise in advertising and publicity spends.
Its raw material costs were up 25% year-on-year to Rs 560.05 crore, while purchase of traded goods more than doubled to Rs 195.56 crore. Dabur also stepped up it's A&P spends by 47% to Rs 198.24 crore.
