FMCG firm Dabur Ltd today reported a 21.03 per cent increase in consolidated net profit at Rs 284.8 crore...
FMCG firm Dabur Ltd today reported a 21.03 per cent increase in consolidated net profit at Rs 284.8 crore for the fourth quarter ended March 31, 2015.
The company had reported a net profit of Rs 235.3 crore in the January-March quarter of 2013-14.
Dabur’s net sales moved up by 10.24 per cent to Rs 1,944.8 crore in the fourth quarter of 2014-15, compared to Rs 1,764 crore in the year-ago period.
Dabur India CEO Sunil Duggal said: “The gradual improvement in the consumption environment has helped our business perform well on all operating parameters. Our robust business model and our ability to efficiently manage the external challenges have helped us report a strong and consistent performance even in the face of intensifying competitive pressures.”
He further said: “Going forward too, our focus will be on pursuing an aggressive and profitable growth strategy. We will continue to invest behind our brands and on market expansion programmes while stepping up on innovation with a series of new product launches in the coming quarter.”
For the entire 2014-15, Dabur’s net profit stood at Rs 1,065.8 crore, as against Rs 913.92 crore in the previous financial year.
Its net sales in the year ended March 31, 2015 stood at Rs 7,806.4 crore compared with Rs 7,054.1 crore in the corresponding a year ago.
The company’s board has proposed a final dividend of Rs 0.75 per share.
Dabur’s shares closed at Rs 264 apiece on the BSE, up 0.99 per cent from previous close.