Consumer goods maker Dabur India reported a 16 percent rise in consolidated net profit to Rs 341 crore ($41 million) for the fourth quarter ended March 31, as against Rs 293 crore in the year-ago quarter.
The company’s revenue for the quarter rose by 5 percent to Rs 2,815 crore, as against Rs 2,678 crore in the corresponding quarter of the previous fiscal year.
Commenting on the results, Mohit Malhotra, CEO of Dabur India in a statement said, “We’ve ended the year with a steady performance. underscoring the power of the Dabur’s brands. We have been investing heavily behind our brands, which increased by 33%, to drive demand and sustain the growth momentum. This has helped us deliver steady sales and profit growth in the fourth quarter despite multiple headwinds.”
“We continued to execute on our strategic playbook by driving operational excellence, delivering innovative and premium products, and expanding our retail footprint to build the foundation for long-term profitable, sustainable 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.
Copyright © 2024 FashionNetwork.com All rights reserved.
