Dabur India Ltd witnessed a 3 percent rise in net profit to Rs 507 crore ($61 million) for the second quarter ended September, as against Rs 491 crore in the year-ago period.
The company’s revenue for the quarter rose by 7 percent to Rs 3,204 crore from Rs 2,986 crore in the year-ago quarter.
Commenting on the Q2 results, Mohit Malhotra, CEO of Dabur India Ltd in a statement said, “We have witnessed a marked sequential improvement in urban demand, led by new-age channels. While the rural growth still lags urban demand, the gap has reduced. We are increasingly optimistic of the future as we are seeing green shoots of recovery in rural sentiments.”
“We will continue to invest behind our brands, distribution infrastructure and innovation to deliver volume-led profitable growth,” he added.
Dabur retails a wide range of personal care brands including Vatika, Fem, Babool, Odonil, and Dabur among others. With a pan-India presence, the brand is positioned in the value to mid-segment of the market.
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