Dabur India

This desi FMCG company did well. Consolidated Net Sales during the first quarter marked a 13% (YoY) growth at Rs 1,864 crore and net profit was up 13% at Rs.211 crore.  Total operating costs rose 13% led by advertising costs, raw material expense and employee costs. Its Health Supplements business, led by strong demand for Dabur Honey and Dabur Glucose, ended the first quarter with a 22% growth. The Foods business grew 21%, Home Care category reported a 15% growth and Digestives category reported an over 11% growth during the period. The Shampoo business also reported an over 15% growth while the Toothpaste category ended the quarter with an 11% growth. Dabur’s retail business, under NewU, continued to post a loss.

Dabur’s international business (including acquisitions) ended the first quarter with 18%, led by GCC, Egypt, Turkey and Levant (comprising Yemen, Jordan, Lebanon & Syria) markets. Its Turkey business grew by 32%, while sales in Egypt grew by 28%, Levant by 27% and GCC markets by 21%.