Fast-moving consumer goods firm Dabur reported its second quarter earnings on Wednesday.

What Happened: The company reported a net profit of ₹425 crore for the quarter ended September, which represented a 17% fall from the ₹515 crore profit announced in the same period a year ago. Sequentially, profit declined 15% from ₹500 crore.

Revenue from operations also decreased 5.5% to ₹3,028.59 in the July to September quarter from ₹3,203.84 crore in Q2 last year. In Q1, the company’s operational revenue had come in at ₹3,349.11 crore.

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The toothpaste maker’s total income stood at ₹3180.11 crore in the quarter. The consumer care business yielded a revenue of ₹2,487.60 crore whereas the food business clocked in a revenue of ₹467.39 crore. Revenue from the retail segment stood at ₹28.11 crore.

The company has also announced the acquisition 51% of Sesa Care for ₹12.6 crore. Additionally, a share swap will be executed for the equity shares and the remaining 49%. Dabur will also take up its debt liability of ₹289 crore.

The board of directors have also declared an interim dividend of ₹2.75 per equity share. the record date for the payment of the dividend is November 8.

Price Action: Dabur closed 1.89% higher at ₹546 on Wednesday.

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