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Dabur India has reported a 16.96 per cent rise in net profit at Rs 149.40 crore for the first quarter ended June 30, 2012, over the year-ago period.
The company had reported a net profit of Rs 127.74 crore in the corresponding quarter last fiscal.
The rise in profit can be attributed to strong growth across categories such as health supplements, shampoos and food, with the company closing the quarter with a 21 per cent jump in net sales.
Consolidated net sales stood at Rs 1,461.97 crore, up from Rs 1,204.58 crore in the corresponding quarter last fiscal.
“Dabur India Ltd has accelerated volume growth in its key categories. Our array of initiatives that include doubling our distribution footprint in rural India has already started to yield positive results,” said Mr Sunil Duggal, Chief Executive Officer, Dabur India.
“Both domestic and international business reported strong growth during the first quarter, growing at 20 per cent and 24 per cent respectively,” the company said in a statement. The growth in overseas markets was driven by the Gulf Cooperation Council, Nigeria and Egypt.
Shares of Dabur India closed at Rs 118.15 on the BSE, up 0.13 per cent from its previous close.
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