FMCG major Dabur has announced the financial results for the first quarter ended June 30, 2009, reporting 29.4 percent increase in its net consolidated profit. The firm recorded high surge in sales of consumer care articles helping to perform well during the first quarter.

Sunil Duggal, The Chief Executive Officer of Dabur India, said, "Consumer spending in FMCG continues to remain strong, and we have sustained growth across all our key categories. The hair care category for Dabur reported 22.5 per cent growth, led by Vatika shampoo, which grew by a strong 48.6 percent during the quarter."

Mr. Duggal, fearing tough times in the second half, said that the company will take measures to arrest increasing costs and optimistic to report 15 to 20 per cent rise in sales by 2010.

The net profit of the firm stood at 914 million rupees as compared to 706.5 million rupees a year ago led by increased sale of hair oils, shampoos, toothpaste and food products that contributes 70 percent to Dabur's business.

Shares of Dabur India surged 2.65 percent and closed at 133.55 rupees at the Bombay Stock Exchange on Monday.