Dabur Q3 cons net up 12% YoY at Rs 172.82 cr

Moneycontrol Bureau

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