New Delhi: Despite a tough competition from Yog Guru Baba Ramdev’s Patanjali, the combined net profit of domestic company Dabur India rose by 13 percent to Rs 333.05 crore in the third quarter ending December 31. The strong performance of the domestic FMG business has led to profits. The net profit of the company was Rs 294.67 crore in the corresponding quarter last fiscal.
Dabur India informed the Bombay Stock Exchange that its income during the reporting period was Rs 2,032.78 crore, which was Rs 1,935.97 crore in the third quarter of the previous financial year. The total expenditure of the company has increased by 3.21 percent to Rs 1,616.63 crore in the third quarter of the current fiscal from Rs 1,566.23 crore in the third quarter of last financial year.
— Dabur India Ltd (@DaburIndia) January 31, 2018
In the reporting period, income from Consumer Care business increased by 8.59 percent to Rs 1,696.86 crore, from Rs 1,562.52 crore in the December quarter of the year 2016-17. However, the company’s food business has seen a decline in income. Income from food business declined by 3.83 percent to Rs 210.69 crore from Rs 219.10 crore. Income from retail business declined by 9.70 percent to Rs 32.09 crore from Rs 35.54 crore.
Dabur has also registered an increase in the international market. Sunil Duggal, Chief Executive Officer of the company, said that the global macroeconomic environment has been challenging and high competitiveness has remained. We have demonstrated strong performance through efficient management of risks and challenges during the quarter.