Dabur India Ltd has released its unaudited financial results for the quarter and nine month period ended 31 December 2013. Riding on strong volume driven growth across its key categories of Health Supplements, Air Care, Hair Care, Oral Care, Skin Care and Foods, Dabur India reported a 16.8% growth in consolidated net sales during the quarter to Rs1,904.3 crore; consolidated net sales stood at Rs1,630.7 crore in the same quarter last year. The Company ended the third quarter with a 15.7% rise in consolidated net profit to Rs243.6 crore, up from Rs210.5 crore a year earlier. Dabur ended Q3 of 2013-14 with a 14.5% growth in EBITDA.
The Health Supplements business for Dabur was said to be a key driver of growth during the quarter, reporting a 19.5% surge. Its Air Freshener business, under the brand Odonil, fared particularly well, growing 27% during the quarter. Its Shampoo business ended the third quarter of 2013-14 fiscal with a strong 24.7% growth, while the Toothpaste segment grew by over 14% and Skin Care reported 13% growth during the quarter.
The quarter also saw Dabur introduce a host of new products and variants, including the new Fem Fairness Naturals facial bleach range and Vatika Hibiscus hair care range.
"We have delivered another quarter of strong volume-led growth. Dabur has been reporting strong and consistent performance despite intensifying competitive pressures and the challenging market environment being witnessed for some quarters now,” commented Dabur India's CEO Sunil Duggal. “Our focus on brand building and market expansion programmes coupled with a greater degree of innovation has helped Dabur sustain strong growth in the core categories, which have been significantly ahead of the market. Going forward, our focus will be on pursuing an aggressive and profitable growth strategy.”
