FSSAI introduces quarterly reporting for expired and rejected products
Dabur India Ltd ended Q3 of 2017-18 financial year with a Consolidated Revenue of Rs 1,966.4 Crore, up 6.1 per cent from Rs 1,852.9 Crore a year earlier. The comparable Consolidated Revenue growth adjusted for currency translation and GST was 12.9 per cent during the third quarter of 2017-18.
Consolidated Net Profit for the third quarter marked a 13.1 per cent growth at Rs 332 Crore, up from Rs 294 Crore a year earlier. Dabur’s Standalone India Net Profit reported a 15.9 per cent growth during the third quarter at Rs 265.5 Crore, up from Rs 229 Crore a year earlier. Standalone Revenue for Q3 was Rs 1,449.3 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 Ltd Chief Executive Officer Mr. Sunil Duggal said.
“The medium to long-term prospects, particularly for India, remain robust and we are confident that domestic consumer demand, led by a revival in rural markets, will gain pace in months to come. We have lined up a number of exciting initiatives and are committed to aggressively launch new products leveraging on our Ayurvedic heritage and cutting-edge Science to grow ahead of the market,” Mr. Duggal added.
According to the company, sales of Dabur Honey grew by 33 per cent during October-December quarter. For Dabur, its home care business clocked the maximum growth at 36%, followed by sales of toothpaste growing by 26 per cent and health supplements by 19.5 per cent. Dabur’s hair oil business posted a 16.7 per cent growth during the period.