Dabur India on Tuesday reported a 19 per cent jump in net profit to Rs 3.97 billion for the quarter ended March 30, 2018, against Rs 3.33 billion in the year-ago period.
Operating revenue grew 6.2 per cent to Rs 20.33 billion during the quarter, from Rs 19.15 billion a year ago. The domestic fast-moving consumer goods business reported a volume growth of 7.7 per cent during the quarter and its operating margin touched a high of 27.2 per cent.
The Ayurveda major’s revenue for 2017-18 remained flat at Rs 77.48 billion compared to the previous year’s Rs 77 billion.
Net profit rose 6 per cent to Rs 13.58 billion, from Rs 12.8 billion in 2016-17.
“We are witnessing early signs of revival in consumer sentiment, especially in rural India. Rural demand has been growing at a faster pace. Favourable monsoon and a likely stimulus by the government as part of its overall thrust on rural growth is expected to further boost rural demand,” said Sunil Duggal, chief executive officer, Dabur India.