The company’s operating profit during the quarter grew over 16 percent to Rs 485.1 crore against Rs 417.6 crore during the same quarter of last year. This too beat Street expectations of Rs 459.6 crore EBITDA for the quarter.
Fast moving consumer goods (FMCG) major, Dabur India, posted an increase of 19 percent (year-on-year) in its net profit for March quarter to Rs 397.2 crore. The numbers beat Reuters’ expectations of a profit of Rs 378.3 crore.
Revenues for the March quarter grew over 6 percent at Rs 2,032.9 crore against Rs 1,914.7 crore during the same quarter of last year.
The company’s operating profit during the quarter grew over 16 percent to Rs 485.1 crore against Rs 417.6 crore during the same quarter of last year. This too beat Street expectations of Rs 459.6 crore EBITDA for the quarter.
Its operating margin is 23.9 percent for the December quarter, an increase from 21.8 percent posted during the corresponding quarter of last year.
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“Despite growing competitive intensity, the India business posted a healthy volume growth and continues to outperform the market in key business categories. Going forward, we will continue to invest behind our brands to successfully tap the significant growth opportunities and deliver profitable volume-led growth," Dabur India Chief Executive Officer Sunil Duggal said in the exchange filing.
Among segments, shampoo business ended Q4 with a growth of over 31%. Dabur's Honey sales continued to report strong gains, growing by around 24%, driving the health supplements category growth to 14% in Q4, the company said in a statement.
The toothpaste sales reported a 14% growth, led by the Dabur Red franchise, which grew by 20%. Health care category posted an over 11% growth during Q4 of 2017-18, while the hair oils business, riding on strong demand for both coconut oils and perfumed oils, reported an around 9% growth, it added.
"We are witnessing early signs of revival in consumer sentiment, especially in rural India. Rural demand has been growing at faster pace. Favourable monsoons and a likely stimulus by the government as part of its overall thrust on rural growth is expected to further boost rural demand," Duggal added.
At the close of market hours on April 30, 2018, the stock closed around a percent higher at Rs 369.70 on the BSE.