Dabur India Q2 results\n\n\n\nDabur India, the country's largest maker of fast-moving consumer goods based on traditional recipes and systems, reported a sequential slowdown in sales for the September quarter due to tight financial conditions.\n\n\n\nOn a year-on-year basis, the company was still able to report a 4% growth.\n\n\n\nThe Domestic FMCG business reported an underlying volume growth of 4.8% during the quarter. Excluding food, volumes were up 7.4%.\n\n\n\nFor the September quarter, revenue from operations fell by about Rs 61 cr to Rs 2,212 cr compared to the June quarter, but were up Rs 87 cr compared to the same quarter last year.\n\n\n\n\u201cThe domestic business continues to face heavy headwinds in the form of a sustained slowdown in demand, aggravated by the liquidity crunch in the market," said Dabur India Ltd Chief Executive Officer Mohit Malhotra.\n\n\n\nOn a year-on-year basis, the Health Supplements business reported a 14.4% growth, led by Dabur Chyawanprash. \n\n\n\nThe Digestives category reported a 10.2% growth during the quarter, while the Ayurvedic Ethicals business grew by 7.2%. \n\n\n\nDabur\u2019s Shampoo business, on the back of the relaunch of its Vatika Shampoo, grew by 12% during Q2. \n\n\n\nThe Home Care business sales was up 7%, boosted by strong sales of mosquito repellant brand Odomos, the company said.\n\n\n\nThe Toothpaste category grew by nearly 5% during the quarter.\n\n\n\n\u201cHealthcare continues to be the outperformer for Dabur, which is in line with our strategy of focusing on the Consumer Health categories and investing disproportionately behind our Power Brands, a majority of them being in the Healthcare space,\u201d Malhotra said.\n\n\n\nDespite the sequential slowdown in sales, the company was able to report a sequential increase in profits as it scaled back advertisement and publicity efforts.\n\n\n\nTotal expenses, including cash and non-cash items excluding tax, fell by Rs 92 cr sequentially to Rs 1,792 cr.\n\n\n\nAs a result, profit before tax and exceptional items increased by Rs 39 cr to Rs 502 cr.\n\n\n\nOn a year-on-year basis, total expenses increased by Rs 59 cr, compared to the Rs 87 cr increase seen in operating revenue. \n\n\n\nAs a result, profit before tax and exceptional items was up Rs 28 cr compared to last year.\n\n\n\nConsolidated Net Profit grew 7% to end the quarter at Rs 403 crore as against Rs 377 crore a year earlier. \n\n\n\nNet profit was impacted by one-time impairment in value of Investments to the tune of Rs 40 crore.