Categories: Fashion

Dabur India Q2 net profit falls 17 percent to Rs 425 crore

Published



November 1, 2024

Dabur India Ltd reported a 17 percent decline in net profit to Rs 425 crore ($50.6 million) for the quarter ended September 30, as against Rs 515 crore in the year-ago quarter.

Dabur India Q2 net profit falls 17 percent to Rs 425 crore – NewU

The company’s revenue for the quarter was down by 5 percent to Rs 3,029 crore, as against Rs 3,204 crore in the corresponding quarter of the previous fiscal year.

During the July-September quarter, Dabur’s international business reported strong constant currency growth of 13 percent.

Commenting on the results, Mohit Malhotra, CEO of Dabur India Ltd in a statement said, “We expect recovery in consumer demand in the coming quarters, both in urban and rural markets. We are focusing on strengthening our competitive edge in the marketplace by investing in scaling up our rural footprint and rolling out consumer-centric innovations.”

“Our focused approach towards expanding our rural footprint to over 1.22 lakh villages reaped rich dividend as rural demand outpaced urban demand by 130 bps during the quarter. To cater to this wider network, we have expanded our product basket with the launch of affordable and rural specific pack bundles across categories, besides investing in consumer activations in the hinterland to establish a better connect with our consumers,” he added.

Dabur lndia Limited is one of India’s leading FMCG companies with a strong presence in the healthcare and personal care sector.

Copyright © 2024 FashionNetwork.com All rights reserved.

News Today

Recent Posts

Elecciones Estados Unidos | Donald Trump o Kamala Harris: proyectan triunfos en 13 de los 50 estados en la batalla por la Casa Blanca

2024-11-06 07:25:02 5 noviembre 2024Actualizado 15 minutosKamala Harris o Donald Trump.Estados Unidos empezó a conocer…

5 mins ago

Fact Check: Would Donald Trump force states to monitor women’s pregnancies? | US Election 2024 News

2024-11-06 07:15:03 EXPLAINERKamala Harris often claims that a Trump administration would interfere with pregnancies. But…

15 mins ago

It’s meaning if you have to vote with one

2024-11-06 06:55:02 More than 8 million voters in Florida have cast their ballot, with millions…

35 mins ago

NEW: Fake Democratic sample ballots distributed at Alexandria polling location

2024-11-06 06:45:03 Sample ballot with Arlington Democrats header and Republican candidate Jerry Torres marked (staff…

45 mins ago

Instant analysis of Packers trading DE Preston Smith to Steelers

2024-11-06 06:35:03 Age, production, the young talent behind him on the depth chart and recent…

55 mins ago

Bengals Trade For Khalil Herbert From Bears

2024-11-06 06:25:02 According to multiple reports Tuesday morning, the Bengals added to their running back…

1 hour ago