FMCG major Dabur India’s net profit remained flat in Q4, growing by 0.5 % to Rs 333.1 crore year on year during the quarter ended 31 March 2017, lower than analyst estimates. Consolidated total income of the company declined 4% to Rs 1,979.7 crore compared to Rs 2,063.9 crore in the same quarter last year, in part the company said due to a slowdown in the GCC (Gulf Cooperation Council) markets. 

The business, Dabur said, has faced a "tough economic environment" due to volatility in currency, particularly in Egypt and North African markets, as well as an economic slump in Saudi Arabia. Domestically demand remained flat during the beginning of the quarter but saw a recovery led by rural demand. As a result, Dabur’s domestic sales improved during the quarter with volume sales growing 2.4%. Net profit improved by 5.3% y-o-y to Rs 302.3 crore.