Dabur, an Indian fast-moving consumer goods (FMCG) company, said on Thursday that its net profit increased by 8% in the first quarter of 2024-25. The net profit for the first quarter was Rs 500 crore, compared to Rs 463 crore the same period previous year.
The creator of Real fruit juice and Hajmola confectionery recorded a 7% growth in net sales to Rs 3,349 crore from Rs 3,130 crore in the same period last year.
The company recorded a volume increase of 5.2% in the quarter.
"We've had a strong start to the new fiscal year, with a sequential recovery in volume growth driven by rural markets, resulting in industry-leading performance across our main verticals. This enabled us to make larger investments in our brands to accelerate market expansion and maintain our growth momentum," said Mohit Malhotra, CEO of Dabur India, in an earnings announcement.
However, the company stated that the country's demand climate remained tough, with rising food prices and unemployment rates.
