Dabur India reports 2.19 percent growth in consolidated third quarter net profit
New Delhi:
Domestic FMCG major Dabur India Ltd on Wednesday reported a 2.19 per cent rise in consolidated net profit at Rs 504.35 crore for the quarter ended December 2021.
Dabur India said in a BSE filing that the company had posted a consolidated net profit of Rs 493.50 crore in the October-December quarter a year ago.
Its revenue from operations grew 7.8 per cent to Rs 2,941.75 crore during the quarter under review, as against Rs 2,728.84 crore in the corresponding quarter of the previous fiscal.
Commenting on the results, Mohit Malhotra, CEO, Dabur India said, “With unprecedented inflation of 13 per cent and subdued consumer sentiments, the overall operating environment remained challenging throughout the quarter. Has reduced the impact of inflation through cost-savings initiatives. Despite these macro-economic constraints, Dabur remained focused on rolling out consumer-centric innovation that expanded the total addressable market.”
Dabur’s total expenses stood at Rs 2,388.53 crore, up 7.65 per cent in the third quarter of 2021-22, as against Rs 2,218.68 crore last year.
During the quarter, Dabur’s revenue from the consumer care business segment grew 4.13 per cent to Rs 2,543.23 crore as against Rs 2,442.18 crore in the year-ago period.
Revenue from food business grew by 39.14 per cent to Rs 329 crore as against Rs 236.45 crore in the year-ago period.
However, its retail business grew by 29.48 per cent to Rs 27.49 crore from Rs 21.23 crore in the same period last year.
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