Dabur Q2 net profit rises 15.3 percent (Lead)

October 27th, 2010 - 7:45 pm ICT by IANS  

New Delhi, Oct 27 (IANS) India’s fast moving consumer goods major Dabur India Wednesday reported a 15.3 percent rise in net profit at Rs.160.35 crore for the quarter ended Sep 30 as against Rs.139 crore earned in the like period last fiscal.

The total income of the group stood at Rs.989.5 crore for the quarter under review as compared to Rs.861.47 crore in the like period of 2009.

The key categories such as oral care, hair oil, health supplements, digestive, home care and food posted huge growth.

“Despite a significant rise in the input costs, Dabur contained its material inflation through higher buying efficiencies and stringent cost savings programmes and expanded its EBIDTA by 16.2 percent,’ said Sunil Duggal, chief executive officer.

The health supplement of the group reported 31 percent growth for the quarter under review while its oral care segment continued their impressive run to end the period with an 11 percent gain.

Dabur’s home care portfolio, riding on the sustained demand for mosquito repellent and air freshners, ended the second quarter with a 41.2 percent growth.

The international business of the group continued to be a key growth driver recording an impressive growth of 18.7 percent led by robust performance in Egypt, Nigeria and North African markets.

The company also declared an interim dividend of Rs.0.50 per share.

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