Dabur India's Q2 net profit increases 4% to Rs 377.5 crore
FMCG major Dabur India has recorded a net profit of Rs 377.5 crore for the September quarter, an increase of 4.1% as compared to Rs 363 crore posted by the firm during the same period of last year.
The company's income has risen 7.97% year on year at Rs 2,206.18 crore from Rs 2,043.25 crore.
Sunil Duggal, Chief Executive Officer of Dabur India, said, "Despite the higher competitive intensity, we have sustained a good growth momentum in the domestic FMCG business with our key brands reporting strong market share gains during the quarter."
Dabur’s sale in the global markets was muted during the September quarter, mainly due to currency devaluation and geopolitical headwinds.
"The performance in our international business was relatively muted due to the weakness in the MENA region and currency devaluation in the markets like Turkey. While the global macroeconomic environment continues to be challenging and competitive intensity remains high, we have delivered a steady performance during the quarter by efficiently managing the risks and challenges," Duggal further stated.