FMCG firm Dabur today reported a 16.56 per cent increase in consolidated net profit at Rs 331.93 crore for the fourth quarter ended March 31, 2016. The company had reported a net profit of Rs 284.76 crore in the January-March quarter of 2014-15.
Dabur’s net sales moved up by 10.92 per cent to Rs 2,157.31 crore in the fourth quarter of 2015-16, compared to Rs 1,944.81 crore in the year-ago period.
“We had to deal with a tough economic environment characterised by extreme volatility in currency, as well as geopolitical disturbances in key geographies. We have taken steps to efficiently manage the emerging risks and challenges,” Dabur India CEO Sunil Duggal said.
He further said: “Our performance indicators reflect the success of our strategy. Our domestic FMCG business grew at 8.5 per cent during the fourth quarter of 2015-16, led by 7 per cent volume growth.”
For the entire 2015-16, Dabur’s net profit stood at Rs 1,252.71 crore, as against Rs 1,065.83 crore in the previous financial year.
Its net sales in the year ended March 31, 2016 stood at Rs 8,435.95 crore compared with Rs 7,806.37 crore in the previous year.
The company’s board has proposed a final dividend of Re 1 per share.
Dabur’s shares were trading at Rs 268.35 apiece on the BSE, down 1.43 per cent, from previous close.