Driven by strong sales growth across categories, FMCG player Dabur today posted a 14.38 per cent jump in its net profit to Rs. 160.43 crore in the quarter ended September 30, 2010, over the same period last fiscal.
Besides, the company said its board of directors declared an interim dividend of Re 0.50 per share, aggregating to Rs. 87.04 crore for the financial year 2010-11.
During the period, the company’s net sales increased by 14.7 per cent to Rs. 972.77 crore, from Rs. 847.80 crore posted in the corresponding quarter last fiscal.
“Despite a significant rise in input costs, Dabur contained its material inflation through higher buying efficiencies and stringent cost savings programmes,” Dabur India Chief Executive Officer Sunil Duggal said.
During the quarter, the company said sales of its health supplements category had a 31 per cent growth, while oral care category grew by 11 per cent.
Dabur’s home care portfolio, which includes Odomos a mosquito repellant and Odonil air fresheners witnessed 42.1 per cent sales growth, its foods business registered a 21.9 per cent increase.
Besides its overseas business recorded a 18.7 per cent, led by robust performance in GCC, Egypt, Nigeria, Levant and North African markets.
“Going forward too, we will continue to strengthen our core business to deliver competitive and profitable growth,” Mr. Duggal said.
