Witnessed 18 percent growth in food business.
The food business arm of Dabur India Ltd has registered a growth of approximately 18 percent in the fourth quarter of 2013. The company reported a 16.8 percent growth in consolidated net sales during the quarter to Rs 1,904.3 crore. Consolidated net sales stood at Rs 1,630.7 crore in the same quarter last year.
Despite a challenging business environment, the board of directors at Dabur India mentioned that the company’s operating performance during the third quarter of the year was robust.
Sunil Duggal, CEO, Dabur India Ltd, said, “We have delivered another quarter of strong volume-led growth. Dabur has been reporting strong and consistent performance despite intensifying competitive pressures and the challenging market environment being witnessed for some quarters now.”