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Dabur India Ltd’s consolidated net profit for Q1 of ’14-15 up by 13.3%
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Tuesday, 29 July, 2014, 08 : 00 AM [IST]
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fiogf49gjkf0d The board of directors of Dabur India Ltd (DIL) met to consider the unaudited financial results of the company for the quarter ended June 30, 2014.
DIL braved the macro headwinds and reported strong growth in key categories like health supplements, digestives, hair care, home care and foods during the first quarter of 2014-15 financial year.
The consolidated net sales during the first quarter marked a 13.2 per cent growth at Rs 1,863.9 crore, up from Rs 1,647 crore the previous year.
The consolidated net profit for the first quarter of 2014-15 reported a 13.3 per cent growth to Rs 210.8 crore as against Rs 186 crore the previous year.
“Despite a sharp fall in growth rates in most consumer products segments, Dabur continued to report strong volume-led growth across its key categories,” Sunil Duggal, chief executive officer, DIL, stated.
“We have managed our business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies, maintaining our growth momentum and registering sales growth ahead of the market in several key categories,” he added.
“We are investing behind our brands and have taken the necessary steps to improve our competitiveness in the market place and deliver profitable growth,” Duggal said.
Category growths
Dabur’s health supplements business, led by the strong demand for Dabur Honey and Dabur Glucose, ended the first quarter with a 22 per cent growth. The foods business continued to move forward on the growth trajectory and ended the first quarter up 21 per cent, while the digestives category reported growth in excess of 11 per cent during the period.
Dabur’s retail business, under NewU, also marked a turnaround with a substantial reduction in losses.
Dabur’s international business (including acquisitions) ended the first quarter with 18 per cent, led by the Gulf Cooperation Council (GCC), Egypt, Turkey and Levant (comprising Yemen, Jordan, Lebanon and Syria) markets.
“Despite disruptions in some overseas geographies, we are managing our business dynamically to ensure that we remain competitive and cost-efficient,” P D Narang, group director, DIL, stated.
“Our Turkey business grew by 32 per cent, while sales in Egypt grew by 28 per cent, Levant by 27 per cent and the GCC markets by 21 per cent,” Dabur India Ltd Group Director Mr. P. D. Narang said.
New launches
The first quarter of 2014-15 saw Dabur India Ltd launch a host of new products and variants across geographies, all of which have received an encouraging response.
In the domestic market, the company announced the extension of its popular brand, Hajmola, into the pure confectionery space with the launch of Hajmola Chuzkara.
The brand also launched a Natkhat Amrud variant of Hajmola candy.
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