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ANALYSIS

Dabur registers consolidated net profit of Rs 264 crore in Q1 of 2017
Monday, 07 August, 2017, 08 : 00 AM [IST]
Our Bureau, New Delhi
The board of directors of Dabur India Ltd (DIL) considered its unaudited financial results for the first quarter of financial year 2017-18, ended June 30, 2017. Consolidated net profit stood at Rs 264 crore, as against Rs 293 crore the previous year.

It reported growth in its key businesses and ended the quarter with a consolidated revenue from operations of Rs 1,790.1 crore as against Rs 1,952.2 crore the previous year.

The overall business environment showed signs of improvement in the early part of the quarter, with demand revival in the domestic market.

However, sales plunged in June across all consumer categories in view of the massive de-stocking by trade channels just ahead of the implementation of the Goods and Services Tax (GST).

The overseas markets also continued to face severe headwinds, with currency devaluations and economic turmoil in key geographies.

“The quarter began on a positive note, with a strong revival in domestic demand in April and May. Trade sentiments remained cautious in June, with massive de-stocking in the run-up to the GST implementation,” said Sunil Duggal, chief executive officer, Dabur India Ltd.

“However, consumer demand continued to remain strong, helping us improve our market share across key product categories during the first quarter of 2017-18,” he added.

“Despite the short-term challenges of this transition, we remain positive on the medium- to long-term outlook for the sector and are optimistic that the domestic consumer demand would gain pace in months to come,” Duggal said.

“We have put in place a prudent growth strategy, leveraging Dabur’s herbal heritage and positioning as the science-based Ayurveda specialist, to deliver profitable volume-driven growth in the coming months,” he added.

Category growths
The toothpaste business posted a growth of over ten per cent in the first quarter of 2017-18.

Dabur’s Home Care business ended the quarter with a growth of over six per cent, while the skincare and salon business reported a growth of over four per cent.

The Digestives business also grew by nearly four per cent during the first quarter of 2017-18.
 
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