Dabur grossed up to 20% in Q2
Domesticated enterprise FMCG’s significant Dabur India announced a 19.5% increase in the amalgamated net profit at Rs 481.7 crore for Q2 which climaxed on 30 September this year was reported on Tuesday. In the previous year during the same time Dabur India experienced a profit of around Rs 403.64 crore which is lower than the figures that flashed this fiscal year 2020-21.
This growth is imputed in the wake of the COVID-19 pandemic as Dabur deals with ayurvedic health care, hygiene and nutritional products combined with innovations to meet the emerging consumer needs.
In the Q2 of FY 21 the Dabur’s e-commerce grew by over 200%. It also had a salient of 6% as compared to 2.1% earlier this year, said Dabur India in a BSE filing.
Dabur posted 13.7% growth in an integrated revenue for the July-September quarter at Rs 2,516 crore. The recorded revenue in the previous year was Rs 2,212 crore. “This is the highest revenue growth reported by the company in the last couple of years” said Dabur India.
The board of Dabur India announced an interim dividend of Rs 1.75 per equity share having a face value of Rs1 each for the FY20-21. The dividend will be paid by November 25 onwards.
On Tuesday’s trade the share of Dabur India ended at Rs 515.45, up 1.84% againsts the previous closing price of Rs 506.15 on the Bombay Stock Exchange.
The Dabur India Board authorized Mukesh Hari Bhutani as an Additional Director(AD) in a non-executive independent director category with effect from January 1,2021 for a consecutive term of 5years.
The Brief. Sign up to receive the top stories you need to know right now.