Dabur Ltd’s Q3 net profit rises 8 percent to Rs 514 crore | Maqvi News

Dabur Ltd reported an 8 percent rise in consolidated net profit at Rs 514 crore ($62 million) for the December quarter, as against Rs 476 crore in the year-ago period.

The company’s revenue for the quarter grew by 7 percent to Rs 3,255 crore, as against Rs 3,043 crore in the year-ago quarter.

Commenting on the results, Mohit Malhotra, CEO of Dabur in a statement said, “We remain intensely focused on our strategies of managing an agile and accountable organization structure with a focus on superior product delivery and constructive disruption to drive sustainable, profitable growth across our portfolio.”

“Moderating inflation coupled with buoyant consumer sentiments and our focussed investment in distribution footprint expansion in rural India helped demand from the hinterland bounce back for Dabur. We have also stepped-up investment behind our brands to drive competitive volume growth, reflected in our higher advertising spends during the quarter,” he added.

Dabur retails a wide range of personal care brands including Vatika, Fem, Babool, Odonil, and Dabur among others. With a pan-India presence, the brand is positioned in the value to mid-segment of the market.