NAFED to contribute and promote ‘International Year of the Millet’ 2023 on global scale
The Health Supplements business grew by around 17% while Foods business reported 22% growth. The Skin Care business grew by over 17% while the Shampoo business reported an over 13% growth.
Strong demand from the hinterland following the initiative to double our rural distribution footprint helped DIL sail through a challenging business environment and moderation in consumption expenditure to report a 14.9% growth in net sales during the second quarter of 2013-14. DIL ended the second quarter with net sales of Rs 1,749 crore, up from Rs 1,522.60 crore in the same quarter of the previous fiscal.
Companies consolidated net profit for the second quarter of 2013-14 marked a 23.4% surge to Rs 249.74 crore, up from Rs 202.37 crore a year earlier.
“With our rural expansion programme, we have laid the foundation for strong and profitable growth in the future and this initiative started yielding positive results. We are seeing demand from rural India outpacing the urban markets,” Sunil Duggal, Chief Executive Officer, DIL said.
Dabur’s International Business recorded a growth of 25.8% during the second quarter, led by robust performance in Middle East & North Africa (MENA) markets and Bangladesh.