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Will sustain current growth rate, optimistic about coming quarters: Dabur's Mohit Malhotra

Updated : January 29, 2021 04:08 PM IST

FMCG major Dabur India reported a 23.7 percent rise in net profit at Rs 493.5 crore for the third quarter of fiscal 2021, as compared to Rs 398.9 crore in the year-ago period. Profit was ahead of CNBC-TV18 analysts' poll estimates of Rs 470 crore.

Revenue during Q3FY21 increased 16 percent to Rs 2,728.8 crore as against Rs 2,353 crore, YoY, led by robust 18.1 percent volume growth.

In an interview to CNBC-TV18, Mohit Malhotra, CEO of Dabur India, said the company should be in a position to sustain the growth in healthcare space.

He said, "Home and personal care (HPC) segment was impacted by COVID as discretionary spending of the consumer was low but going forward this entire portfolio is coming back. So HPC is staging a comeback and so is the foods business."

Also Read: Dabur Q3 net profit rises 23% to Rs 493 crore; volume growth at 18.1%

"Overall we are very optimistic about the coming quarters and we should be able to sustain this growth", he said.

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