Dabur Q2 profit up 12%, margins under pressure
MUMBAI, Nov. 4 -- Consumer goods maker Dabur India's net profit for the September quarter rose 12% year on year, while volume growth edged up to 5.5% from 5% a year ago.
The company also announced the exit of global chief executive Mohit Malhotra, who is set to take up an overseas leadership role.
The maker of Dabur Honey, Vatika hair oil, toothpaste, Odonil home-care products and Real juices reported consolidated revenue of Rs.3,563 crore in Q2, up 11.6% year-on-year. Net profit stood at Rs.498.57 crore.
Dabur's operating profit stood at Rs.632.5 crore, up 7.5% year-on-year. The company reported an operating margin of 17.8%, down 60 basis points from a year ago.
The company also cut its advertising and promotion expenses by 3% to Rs....
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