India's Dabur posts quarterly profit rise helped by price hikes
India's Dabur posts quarterly profit rise helped by price hikes July 29 (Reuters) - India's Dabur DABU.NS reported a 15% rise in quarterly profit on Wednesday, as price hikes and steady demand for personal care products and packaged foods helped counter rising raw material costs.
The consumer goods maker, known for its eponymous toothpaste and honey, posted a profit of 5.91 billion rupees ($61.79 million) for the first quarter ended June 30, compared to 5.14 billion rupees a year earlier.
($1 = 95.6475 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
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