New Delhi, July 23: India's diversified consumer care and food products conglomerate Dabur India reported 17% on-year growth in its consolidated net profit at Rs 1.49 billion, as the demand for consumer care products surged.
Dabur's consolidated net sales for Q1 grew 21% on-year to Rs 14.62 billion.
Segment wise, revenue of consumer care grew 16% in the reporting quarter to Rs 11.75 billion and foods business sales rose 36% on-year to Rs 2.12 billion.
Its retail store revenue under the brand NewU grew over 60% to Rs 130 million from Rs 80 million. While revenue from other segments more than doubled to Rs 620 million from Rs 240 million.
As the inflationary pressure resurfaced in the in April-June quarter, its raw material costs rose 21% to Rs 6.28 billion and advertising and publicity spends rose 52% to Rs 2.29 billion. As the company sold its entire stake in its subsidiary Weikfield International UAE, it reported an extra-ordinary loss of Rs 50 million in. Q1.
After touching a 52-week high of Rs 120 on NSE on Monday, Dabur stocks closed down 0.4% at Rs 117.85.