Driven by strong growth in key categories, aggressive cost saving initiatives and a turnaround in its consumer health division, FMCG major Dabur India on Monday reported a 25.31% rise in net profit for the quarter ended June 30, at Rs 70.14 crore as against Rs 55.97 crore a year ago. The turnover of the company for the quarter stood at Rs 532.29 crore, up 12.2% from Rs 474.24 crore in the same quarter a year ago.

”We continued to sustain the growth momentum in key categories like hair care and health supplements, despite growing cost pressures. While high inflation is a cause of concern, we have not yet seen any significant impact on consumer spending,” Dabur India Ltd CEO Sunil Duggal said in a statement.

Tata Tea profit at Rs 38 crore

Tata Tea Ltd, the world?s second largest tea company, on Monday reported a net profit of Rs 37.71 crore for the quarter ended June 30, 2008 as against Rs 41.23 crore for the same period last fiscal. The company?s total income from operations stood at Rs 314.97 crore, an improvement of 12% from Rs 294.45 crore during the corresponding quarter of the previous year. Tata Tea?s net profit at Rs 37.71 crore is lower than the previous year due to exceptional income in the previous year and higher effective tax rate in the current year, the company said.

Binani Cement Q1 net up 5%

Binani Cement Ltd on Monday announced that the firm has reported a growth of 5% in its net profit to Rs 53.30 crore against Rs 50.67 crore in the corresponding quarter last year. The firm?s net sales for the period stood at Rs 325.99 crore, up 67% as compared to Rs 195.62 crore in Q1FY08. Meanwhile, Vinod Juneja, MD of the company revealed that the firm will set up a global subsidiary within a year?s time .

Blue Star profit leaps 63%

Blue Star Limited has reported 63% rise in net profit at Rs 36.41 crore crore for the quarter ended June 30, 2008, as compared to Rs 22.32 crore posted during the previous corresponding period. The company has posted 37% rise in total income at Rs 632.54 crore for the quarter ended June 30, 2008, over the previous corresponding period. The cooling products segment also registered 36% growth driven by sales of the newly launched star-rated split airconditioners as well as commercial refrigeration products.

Britannia net up 12%

Britannia Industries Ltd has posted a net profit of Rs 40 crore in the quarter to June 30, 2008, a 12% increase over the Rs 36 crore registered in the same period last fiscal. Net sales increased to Rs 693 crore during the quarter from Rs 576 crore in the same period of 2007-2008. While the other income of the company has dropped to Rs 7 crore for April-June 2008-09 from Rs 10 crore for the period under review last fiscal, total income has increased to Rs 701 crore from Rs 587 crore in 2007-08. The firm has registered an operating profit margin of 8. 65% for the first quarter of 2008-09 despite a 15-20% increase in the cost of raw materials like wheat, sugar and vegetable oil.