Dabur India Ltd on Thursday reported a marginal increase in its consolidated net profit at Rs 441.06 crore for the June quarter as the inflationary headwinds continued during the period. The company had posted a net profit of Rs 438.30 crore in the April-June quarter a year ago, Dabur India said in a regulatory filing.
Revenue from operations was up 8.07 per cent at Rs 2,822.43 crore during the quarter against Rs 2,611.54 crore in the corresponding period of the previous fiscal.
The company continued to demonstrate “agility and resilience” to deliver steady revenue growth despite consumer sentiments dwindling in the face of significant and increasing inflationary headwinds, said an earning statement by Dabur India “Dabur mitigated the impact of unprecedented inflationary pressures and supply chain constraints through disciplined cost control and judicious price hikes across categories,” it said. Britannia net falls 13% Britannia Industries on Thursday said its consolidated net profit fell 13.24 per cent to Rs 335.74 crore in the AprilJune quarter of FY23 because of inflationary pressures.
The company had posted a net profit of Rs 387.01 crore in the April-June quarter a year ago, Britannia Industries said in a BSE filing. Total revenue from operations increased 8.74 per cent to Rs 3,700.96 crore from Rs 3,403.46 crore a year ago. Britannia Industries’ total expenses were at Rs 3,293.15 crore, up 12.28 per cent from Rs 2,932.96 crore in the yearago period.
GAIL profit up 51% Buoyed by the gas marketing margins, GAIL (India) Ltd on Thursday reported a 51 per cent jump in its June quarter net profit at Rs 3,250.95 crore compared with Rs 2,157.15 crore a year back. Sequentially, the net profit increased 8.6 per cent from Rs 2,683 crore in the preceding quarter (Q4FY22). Turnover more than doubled to Rs 38,033.30 crore in the April-June quarter from Rs 17,702.43 crore a year back, the filing showed.