FMCG firm Dabur on Wednesday posted a 19.1 per cent jump in consolidated net profit to Rs 127.74 crore for the April-June quarter on the back of strong demand across categories and stringent cost-saving measures to mitigate rising input costs.
During the first quarter of FY'12, the company registered net sales of Rs 1,204.58 crore, a 31.4 per cent surge from Rs 916.48 crore in the corresponding quarter last fiscal.
"Dabur has been reporting strong and consistent performance despite inflation playing truant and competitive pressures intensifying in some key categories," Dabur India Chief Executive Officer (CEO) Sunil Duggal said in a statement.
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In order to minimise the impact of high input costs, the company has put in place calibrated price hikes. This, combined with cost management initiatives, helped Dabur record 27.8 per cent growth in EBITDA during the first quarter, he added.
During the period, the company's consumer care business generated a revenue of Rs 950 crore, while its foods business accounted for Rs 156.70 crore of overall sales.
The company said its hair oils category witnessed 16.1 per cent growth during the first quarter, while Dabur's toothpaste brands saw 14.1 per cent growth during the period.
"We've significantly enhanced our domestic presence, especially in Tier-2 and Tier-3 towns, and are now putting in place measures to further expand Dabur's rural footprint. This has been accompanied by focused and innovative marketing and promotion strategies," Duggal said.
In addition, Dabur's international business recorded a 98.9% surge during the quarter, led by robust performance in Nigeria, Egypt and the GCC and income from newly acquired overseas companies.
The newly acquired firms include Hobi Kozmetik of Turkey and US-based Namast Laboratories.