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Homegrown FMCG main Dabur India on Tuesday reported a 19.62 per cent enhance in consolidated net profit at Rs 482.86 crore for the second quarter ended September on account of upper income from operations.
The firm had posted a consolidated net profit of Rs 403.64 crore in the identical quarter final monetary yr, Dabur India stated in a regulatory submitting.
Dabur India stated the corporate “reported a strong growth in its performance for the second quarter of 2020-21, backed by sustained efforts in driving demand for its ayurvedic healthcare, hygiene and nutrition products, coupled with strong innovation to meet the emerging consumer needs in the wake of the COVID pandemic”.
Revenue from operations stood at Rs 2,516.04 crore within the second quarter of the present fiscal as in opposition to Rs 2,211.97 crore within the year-ago interval, a progress of 13.74 per cent, it added.
Commenting on the monetary efficiency, Dabur India Chief Executive Officer Mohit Malhotra stated: “While COVID-19 continues to impact people around the world, Dabur India Ltd’s strategic business transformation exercise to develop and implement aggressive growth strategies in the core business areas and successfully address the emerging challenges helped us deliver a healthy topline growth accompanied by an expansion in margin”.
Malhotra stated Dabur continued to deal with strengthening its core healthcare portfolio with the introduction of recent improvements, coupled with heavy investments behind its energy manufacturers and increasing its distribution would possibly.
“This has enabled the company to grow ahead of categories and gain market share across the portfolio. �As Dabur continued to move forward on its distribution expansion strategy in the hinterland, rural demand grew ahead of urban favourable monsoon and enhanced stimulus announced by the government as part of its overall thrust on boosting the rural economy is expected to further drive rural demand in the coming months,” he added.
During the quarter underneath evaluation, Dabur stated its India FMCG enterprise recorded a progress of 19.8 per cent on the again of quantity progress of 16.8 per cent. Dabur’s International enterprise reported 5.5 per cent progress in rupee phrases.
The firm stated its Board of Directors has declared an interim dividend of Rs 1.75 per fairness share for the monetary yr 2020-21.
Shares of Dabur Ltd closed 2.24 per cent increased at Rs 517.50 apiece on the BSE.
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