Dabur India posts strong personal care results

By Simon Pitman contact

- Last updated on GMT

Related tags: Revenue, India

Dabur India posts strong personal care results
Dabur India, one of the leading domestic providers of personal care in India, has reported a strong surge in third quarter on the back of strong oral care and toothpaste sales.

The company reported that group sales for the quarter, which as well skin care, hair care and oral care also include food, supplement and air care products, grew 16.8% to reach Rs 1,904.3 crore ($303.4bn), compared to sales of Rs 1,630.7 crore in the corresponding period last year.

This translated into a net profit of Rs 243.6 crore, which was up 15.7%, when compared to a figure of Rs 210.5 crore for the same period last year, while EBITDA was up 14.5%.

Strong growth despite growing competition

"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,”​ said CEO Sunil Duggal.

“Our focus on brand-building and market expansion programs 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.”

The company said that growth was derived from all of the consumer care categories it is involved in, with many of the personal care categories delivering top level growth.

Shampoo, toothpaste and skin care lead the way

In particular the shampoo business performed particular well for the company, with it reporting very strong revenue strong revenue growth of 24.7% during the quarter.

Elsewhere in personal care the toothpaste business delivered increased revenues of 14% during the quarter, while skin care was up 13%.

It also reported launching a number of major new products in the personal care categories during the quarter, including new Fem Fairness Naturals facial bleach range and Vatika Hibiscus hair care range.

The company’s international business division also reported strong revenue growth of 26%, driven by performances in GCC, Nigeria and Egypt.

Related topics: Business & Financial

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