Dabur Q3 net up 13% YoY at Rs 333 crore

NEW DELHI: FMCG major Dabur India on Wednesday reported 13 per cent year-on-year (YoY) rise in consolidated profit at Rs 333 crore for December quarter.

The number marginally missed Rs 341 crore profit estimated by analysts in an ET Now poll.

The maker of Chyawanprash, reported sales of Rs 1,966.44 crore for December quarter compared with Rs 1,852.91 crore in the corresponding quarter in the previous fiscal. The sales were almost flat against September quarter's Rs 1,958.93 crore.


"While the global macroeconomic environment continues to be challenging and competitive intensity remains high, we have delivered a strong performance during the quarter by efficiently managing the risks and challenges. We are confident of successfully tapping the significant growth opportunities to deliver strong and sustainable long-term growth on the back of the power of our brands and the investments we are making behind our brands," Dabur India Chief Executive Officer Sunil Duggal said.

Total expenses came in at Rs 1,616.63 crore for the FMCG company compared with Rs 1,592.43 in September quarter, and Rs 1,566.23 crore in the year-ago quarter.

In local currency terms, Dabur's business in Egypt grew by 46 per cent. Sales in GCC rose 20 per cent, led by Saudi Arabia which reported a 34 per cent growth during the quarter. The Sub-Saharan Africa region reported a 24 per cent growth in local currency.

Shares of the company closed Wednesday's session 1.17 per cent down at Rs 354.35 on BSE.