Dabur India reported a 2.19% increase in Q3 consolidated net profit
New Delhi:
On Wednesday, FMCG major Dabur India Limited reported a 2.19% increase in consolidated net profit to Rs 504.35 for the quarter ended December 2021.
The company posted a consolidated net profit of Rs 493.50 crore for the October-December quarter a year ago, Dabur India said in a BSE filing.
The company’s operating revenue rose 7.8% to Rs 2,941.75 crore in the quarter under review compared with Rs 2,728.84 crore in the corresponding quarter of the previous financial year.
Commenting on the results, Dabur India Managing Director, Mohit Malhotra said, “The overall operating environment remained challenging throughout the quarter with unprecedented inflation at 13% and consumer sentiment. We have mitigated the impact of inflation in part through adjusted price increases and cost savings.Despite these macroeconomic obstacles, Dabur remains focused on implementing the change. new consumer-centric to expand the total addressable market.”
Dabur’s total costs stood at Rs 2,388.53 crore, up 7.65% in Q3/2021-22, compared with Rs 2,218.68 last year.
During this quarter, Dabur’s revenue from its consumer care business increased 4.13% to Rs 2,543.23 compared with Rs 2,442.18 in the same period last year.
Revenue from the food business rose 39.14% to Rs 329 compared with Rs 236.45 in the same period last year.
However, its retail business grew 29.48% to Rs 27.49 from Rs 21.23 crore in the same period a year ago.
