Dabur Q1 net grows 12%

New Delhi, July 27: FMCG major Dabur India on Wednesday reported an 11.82% rise in consolidated net profit at R292.8 croreforthefirstquarterended June 2016. The figure for the same period in the previous fiscal was R261.84 crore. Its net sales rose marginally to R1,923.92 crore for the quarter, up 1.16%, against R1,901.7 crore in the year-ago period.

CEO Sunil Duggal said: “In the first quarter of 2016-17, we had to deal with a tough economic environment characterised by demand slowdown, intensifying competitive pressure and deteriorating geopolitical situation in select geographies like the Middle East and Africa. Despite these challenging conditions, Dabur remains on a steady course and has reported profitable growth.” PTI