Dabur India Q3 result; profits up by 24%

Dabur India today declared its Q3 results showing a great 24% rise in consolidated net profit at Rs 494 crore which was Rs 399 crore in the last financial year during the same quarter.

Overall capital received from operations was up by 16% to Rs 2,729 crore from Rs 2,353 crore in during Q3 FY20.

Dabur’s India FMCG Business reported a 19.5% surge, with an underlying FMCG Volume Growth of 18.1% during the Q3 results while its standalone revenue was up by 18.5% to Rs 2,071 crore and standalone net profit was also taken off by 21.1% to Rs 400 crore.

Mohit Malhotra, Chief Executive Officer of Dabur India, commenting on the stellar Q3 results said, “With the COVID fears receding and mobility improving, we have reported a stellar performance during the quarter with strong Revenue and Profit growth.”

“Riding on our strategic business transformation exercise aimed at developing aggressive growth engines in the core business areas, our domestic Healthcare vertical ended the quarter with a 28% growth. We are also witnessing a revival in discretionary spending by consumers, which helped the Home & Personal care business grow by 16%. Our International Business has also staged a smart recovery and reported a growth of 13.5% during the quarter.”

Dabur India Limited is one of India’s leading FMCG (Fast Moving Consumer Goods)Companies.