FMCG major Dabur India reported a marginal growth in its consolidated net profit for the fiscal fourth quarter 2016-17. The company registered a net consolidated profit of Rs 333.11 in Q4FY17, up 0.49% from Rs 331.48 crore reported for the corresponding quarter last year. However, this consolidated net profit was up 13.39% from Rs 293.76 crore recorded in the last quarter.
Sunil Duggal Chief Executive Officer of Dabur India said, “The business faced a tough economic environment characterized by extreme volatility in currency, particularly in Egypt and North African markets, as well as crude-led economic turmoil in Saudi Arabia. In the constant currency terms, consolidated net sales remained flat for the fourth quarter. Demand growth, still reeling under the impact of demonetisation, remained slow at the beginning of the quarter.”
Consolidated total income stood at Rs 1,979.72 crore, which was down by 4.08% on-year basis but up 2.25% on quarter basis. Profit before tax stood at Rs 431.41 crore, up 2.69 per cent year on year, against Rs 420.10 crore in the same period last year.
For the entire financial year 2016-17 (FY17), consolidated net profit rose 2.06% on-year growth to Rs 1,276.94 crore. However, total income saw declined 1.06% on-year to Rs 7,999.79 crore.
On the standalone front, net profit was at Rs 302.23 crore growing by 5.25% on-year, while total income stood at Rs 1,494.84 crore, up 0.93%.
On segment wise revenue break-up, consolidated consumer business saw 6.78% decline at Rs 1,550.84 crore this Q4. Meanwhile, food business contributed growth of 8.18% to Rs 298.01 crore and retail business was at Rs 30.76 crore up by 3.15%.
The company’s board of directors has proposed a final dividend of Re 1 per share on face value of Re 1 per equity share for the financial year 2016-17, aggregating to Rs 212.01 crore including dividend tax.