India’s FMCG sector giant Dabur India has released the results for the third quarter of FY24 (FY24Q3). Giving information to the exchanges, the company said that in the December quarter of FY 24, the company has registered a consolidated profit of Rs 506.44 crore, an increase of 6.24 percent.
It is noteworthy that the company had registered a net profit of Rs 476.65 crore in the same period last year (FY23Q3). If seen on quarterly basis (QoQ), the company had registered a net profit of Rs 507.04 crore in the last quarter (FY24Q2).
Increased revenue
The company has recorded revenue from operations of Rs 3,255.06 crore for the third quarter of the current financial year. The company had earned revenue of Rs 3,043.17 crore in FY23Q3 and Rs 3,203.84 crore in FY24Q2.
Increase in expenses also
In the information given to the stock market, the company said that it received a total income of Rs 3,382.43 crore during the quarter ended December 31. The company had registered a total income of Rs 3,144.01 crore in the same period last year and Rs 3,320.25 crore in the last quarter (FY24Q2).
The company said in the statement that the increase in the company’s profit was due to better performance in the household, personal care, food and beverages business.
Increased expenses
Dabur, a company that manufactures and sells Amla to honey and Ayurvedic medicines, has also seen its expenses increase in the third quarter of FY24. The company recorded expenses of Rs 2,720.62 crore during the quarter. Moreover, it had recorded total expenses of Rs 2,523.09 crore in the same period last year. In the last quarter (FY24Q2), the company had spent Rs 2,669.43 crore.
Shares Rose
There was a rise in Dabur shares today. Its shares closed at Rs 539.05 on BSE with a rise of 0.60 percent.
