Bouyed by good growth of hair and skin care categories, FMCG major Dabur reported a 29.35 per cent jump in its consolidated net profit to Rs 91.39 crore in the first quarter ended June 30, 2009 as compared to the same period last fiscal.
The company?s consolidated net sales in the first quarter increased by 22.9 per cent to Rs 742.66 crore, as against Rs 603.98 crore in the same quarter last fiscal.
“Consumer spending in FMCG continues to remain strong, and we have sustained growth across all our key categories.
The hair care category for Dabur reported 22.5 per cent growth, led by Vatika shampoo, which grew by a strong 48.6 percent during the quarter,” Dabur India Chief Executive Officer Sunil Duggal said in statement.
The company said its toothpaste business has grown nearly by 20.7 per cent during the quarter while its health supplements business grew by 17.2 per cent.
“Riding on growing demand for the Gulabari range of rose-based mainstream skin care products, baby and skin care business reported a growth of 19.7 per cent during the quarter,” the company said.
Dabur?s overseas business grew 52.9 per cent, led by robust performance in Gulf Coorporation Council (GCC), Egypt, Levant, North African and South Asian markets, it added.