Dabur Q3 net up 13%, Nepal hits sales; volume growth at -2.5%

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Moneycontrol Bureau

Dabur India’s December quarter consolidated net profit were in-line with estimates, rising 12.6 percent at Rs 318.5 crore from Rs 282.8 crore in corresponding quarter last fiscal. Its net sales were below expectations, up marginally by 2.4 percent at Rs 2122.4 crore from Rs 2073.6 crore year-on-year.

Dabur reported a 12.3 percent growth in EBITDA in October-December.

According to CNBC-TV18, net profit is seen up 12 percent at Rs 317 crore in Q3 from Rs 283 crore in year-ago period. Q3 revenue may grow up 6.3 percent at Rs 2210 crore versus Rs 2079 crore (year-on-year).

Its volume growth in Q3 fell to -2.5 percent against an estimate of 1-6 percent.    The company has said that it faced several headwinds due to geo-political disturbances in key geographies in the Middle East and delayed winters in India. Nepal  political unrest and  blockade of the India-Nepal border severely impacted Dabur’s Foods business, it said. 

Nepal disturbances impacted Rs 108-109 crore on sales and profit was hit by Rs 39-40 crore. “However, we have taken steps to mitigate the impact by ramping up the  production of juices in Sri Lanka and India to cater to our demand requirement,  and are hopeful of reporting normal growths going forward,” Sunil Duggal CEO said.

Duggal also added that the company is pursuinga prudent growth strategy and have taken steps to efficiently manage the emerging risks and challenges. “The overall demand environment remained tepid in the third quarter with some key segments  showing deceleration while competitive intensity was at a high. Despite a sharp fall  in growth rates in most consumer products segments, Dabur continues to focus on brand-building and market expansion programmes that will pave the ground for future growth,” Duggal said.

Category Growths#Dabur's Toothpaste business for Q3 2015-16 reported a 15.5 percent growth#Dabur's Skin Care business reported a near 10 percent growth during Q3#Home Care business grew by over 8 percent#Over-The-Counter (OTC) & Ethicals category ended Q3 with a near 8   percent growth International Business#Dabur's international business division reported a 14.8 percent growth during Q3 of 2015-16#Bangladesh grew at over 15 percent#Turkey grew at 14 percent#GCC grew at 10 percent#The US-based Namaste Laboratories posted strong double-digit growth with both the US and non-US businesses performing well