India FMCG Volume Growth 12.4%
New Delhi, January 31, 2019: The Board of Directors of Dabur India Ltd (DIL) met here today to consider the unaudited financial results of the company for the quarter ended December 31st, 2018.
Prudent cost management initiatives coupled with strong growth in the domestic market across our key business categories helped Dabur India Ltd mitigate the weaker economic indicators and macro-economic headwinds in some international markets to deliver a strong overall performance in the third quarter of 2018-19 financial year. Dabur India Ltd ended the quarter with double-digit Volume growth and also reported market share gains across key categories.
Dabur India Ltd Standalone Net Profit for the third quarter stood at Rs 312.1 Crore, a growth of 17.6% from Rs 265.5 Crore a year ago. Standalone Revenue for Q3 2018-19 grew 14.8% to Rs 1,664.5 Crore as against Rs 1,449.3 Crore in the previous year. The domestic FMCG business grew 15.2%, with an underlying Volume Growth of 12.4% during the quarter.
Dabur India Ltd ended Q3 2018-19 with an 11.8% growth in Consolidated Revenue to Rs 2,199.2 Crore, up from Rs 1,966.4 Crore a year earlier. Consolidated Net Profit for Q3 2018-19 was up 10.2% at Rs 366.1 Crore as against Rs 332.1 Crore a year ago.
“We have demonstrated our operational strength again by delivering another strong performance during the quarter. While the global macroeconomic environment continues to be challenging and competitive intensity remains high, we have put in place strategies to move forward on our profitable growth track by efficiently managing the risks and challenges. We are investing behind our brands, accelerating on product innovation efforts, and are confident of delivering sustainable long-term growth,” Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal said.
“The medium-term prospects for India remain robust and we are confident that domestic consumer sentiment, particularly in rural markets, will gain pace in the months to come on the back of fiscal stimulus,” Mr. Duggal added.
Dabur’s Shampoo business grew by 25.2% and Hair Oil business was up 23.6% during Q3 of 2018-19, helping the Hair Care category report a nearly 24% growth during the quarter. The Skin & Salon business ended the quarter with a 19.3% growth, while the OTC & Ayurvedic Ethicals business grew by 17.6%. Dabur’s Toothpaste sales, led by continued demand for our flagship Dabur Red Paste, was up 11.1%. The Foods business also grew by 11.1%. Dabur Honey continued to move forward on its growth trajectory and ended the quarter with a nearly 20% growth.
In local currency terms, Dabur’s business in Pakistan, Bangladesh and Turkey reported strong double-digit growths.
About Dabur India Ltd
Dabur India Limited is one of India’s leading FMCG Companies. Building on a legacy of quality and experience for 135 years, Dabur is today India’s most trusted name and one of the world’s largest Ayurvedic and Natural Health Care Company. Dabur India's FMCG portfolio today includes five flagship brands with distinct brand identities – Dabur as the master brand for natural healthcare products, Vatika for premium personal care, Hajmola for digestives, Réal for fruit-based beverages, and Fem for fairness bleaches & skin care.
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Dabur India Ltd