INSUBCONTINENT EXCLUSIVE:
Dabur India Q2 Results: Net profit rose five per cent in the September quarterDabur India Limited announced its July-September quarter
results for the financial year 2021-22, reporting a net profit of Rs 504 crore on a consolidated basis, compared to Rs 481.68 crore in the
corresponding period last year, marking a growth of five per cent year-on-year.The FMCG major's revenue from operations in the second
quarter of the current fiscal stood at Rs 2,817.58 crore, compared to Rs 2,516.04 crore in the same quarter last year, registering a growth
of 12 per cent year-on-year.The company's FMCG business led growth in the September quarter, reporting a volume growth of 10 per cent,
marking the fifth successive quarter of double-digit volume growth, according to a regulatory filing by Dabur India to the stock exchanges
today."Continuing with our payout policy, the board has declared an interim dividend of Rs 2.50 per share, aggregating to a total payout of
Rs 441.98 crore," said Mr
Mohit Burman, Vice Chairman, Dabur India.Dabur's food - beverage business reported a 43 per cent growth in the September quarter
The digestives business grew 22.7 per cent, while the Ayurvedic medicines business reported a 12.6 per cent growth.Dabur's hair care
category, reporting growth for both its hair oils and shampoo businesses, reported a 26.5 per cent growth in the September quarter
The toothpaste category reported a growth of 15.2 per cent, while Dabur Red Paste grew by 20 per cent during the quarter.''....our strategic
business transformation exercise last year helped us successfully address the emerging challenges and deliver a healthy topline growth
despite the tough macroeconomic conditions
We have undertaken calibrated price increases and sharpened our focus on cost control to mitigate the impact,'' said Mr
Mohit Malhotra, Chief Executive Officer, Dabur India.Meanwhile, the company's board approved the enhancement in limit of non-convertible
debenture (NCDs) to be issued on private placement basis from the existing limit of Rs 250 crore to Rs 500 crore
The enhanced limit will enable the company to issue the said NCDs from various tranches on private placement basis, according to the stock
exchange filing.On Tuesday, November 2, shares of Dabur India settled 0.05 per cent higher at Rs 598.30 apiece on the BSE.
