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Dabur Q2 net rises 18%

NEW DELHI: Dabur India reported an 18 per cent growth in standalone net profit at Rs. 106.96 crore for the second quarter of the current fiscal, while its total consolidated income marked an 18.4 per cent growth to Rs. 699.30 crore, up from Rs. 590.49 crore a year earlier. Its standalone net profit for the first half of the financial year surged 21 per cent to Rs. 177.11 crore. “Aggressive cost management initiatives coupled with a judicious pricing strategy and the continued strong performance in key categories helped Dabur India Ltd mitigate the impact of steep cost inflation,” said Dabur India CEO Sunil Duggal.

The FMCG major has also reconstituted its Board of Directors and inducted Max India Chairman Analjit Singh and Aviva India Managing Director Bert Paterson as independent directors. The company also announced the resignation of erstwhile ruler of Jodhpur Maharaja Gaj Singh from the Dabur India board.

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