Dabur India Q2 net profit falls 17 percent to Rs 425 crore

Dabur India Ltd reported a 17 percent decline in net profit to Rs 425 crore ($50.6 million) for the quarter ended September 30, as against Rs 515 crore in the year-ago quarter.

The company’s revenue for the quarter was down by 5 percent to Rs 3,029 crore, as against Rs 3,204 crore in the corresponding quarter of the previous fiscal year.

During the July-September quarter, Dabur’s international business reported strong constant currency growth of 13 percent.

Commenting on the results, Mohit Malhotra, CEO of Dabur India Ltd in a statement said, “We expect recovery in consumer demand in the coming quarters, both in urban and rural markets. We are focusing on strengthening our competitive edge in the marketplace by investing in scaling up our rural footprint and rolling out consumer-centric innovations.”

“Our focused approach towards expanding our rural footprint to over 1.22 lakh villages reaped rich dividend as rural demand outpaced urban demand by 130 bps during the quarter. To cater to this wider network, we have expanded our product basket with the launch of affordable and rural specific pack bundles across categories, besides investing in consumer activations in the hinterland to establish a better connect with our consumers,” he added.

Dabur lndia Limited is one of India’s leading FMCG companies with a strong presence in the healthcare and personal care sector.