Wednesday, April 28, 2010
Consolidated turnover for the fiscal grows 19.6% To Rs 3390.91 Cr
Full-year EBIDTA margin expands 150bps
New Delhi, Apr 28th, 2010: The Board of Directors of Dabur India Ltd (DIL) met here today to consider the unaudited financial results of the company for the quarter and full-year ended March 31, 2010.
Strong volume-driven growth across its key categories like hair care, oral care, skin care, health supplements, digestives & foods helped Dabur mitigate the impact of rising input costs and end the 2009-10 financial year with its highest-ever consolidated Net Profit of Rs 503.53 Crore. This marks a 28.7% surge over the Rs 391.21 Crore profit earned in the previous fiscal. The company’s consolidated Gross Sales for the 2009-10 financial year stood at Rs 3390.91 Crore, up 19.6% from Rs 2834.11 Crore of the previous fiscal.
“Even when the industry is facing the negative impact of rising food inflation, aggressive cost management initiatives helped Dabur expand EBITDA margins for the consolidated business by 150 bps. The company continues to register sales growth ahead of the market in several key categories, and this growth is almost entirely volume-driven. The year 2009-10 was, in fact, one of the best-ever years for Dabur’s Health Care portfolio. With good growth across its key categories of Health Supplements, Oral Care and Digestives, the Health Care portfolio has crossed the Rs 1,000-Crore turnover mark this fiscal,” Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal said.
While the Health Supplements category reported a 20.4% growth, Dabur's Toothpaste brands continued their impressive run to end the year with a 19.4% gain, making Dabur the fastest growing toothpaste company in India. Dabur’s Shampoo portfolio also increased by an impressive 27%, while the Skin Care portfolio -- riding on sustained demand for the Gulabari range of products and the introduction of Uveda -- ended the year with a 33% growth. The Fem personal care portfolio registered a robust 29% surge in the 9 months of the business being part of Dabur India Ltd. The Foods business also posted a 20% growth during the year.
During the fourth quarter of 2009-10, Dabur posted a 29.7% surge in Net Profit at Rs 135.28 Crore, up from Rs 104.28 Crore a year ago. Revenues for the quarter registered a 16% jump to Rs 855.28 Crore as against Rs 737.06 Crore a year ago.
“Dabur is now putting in place several initiatives to further expand its Rural India footprint. The inflationary pressures notwithstanding, we remain on course to strengthen our brand portfolio and improve our competitiveness in the market place,” Mr. Duggal said.
Dabur’s International Business continued to surge ahead at a rapid pace with the division recording an impressive growth of 26.3%, led by robust performance in GCC, Egypt, Nigeria, Levant and North African markets. Expansion into new markets further contributed to this growth, as the company seeded volumes in several new geographies like Cambodia, Philippines, Belarus, Gambia and Bolivia.
“GCC notched up yet another strong performance, growing by 39.4% during the year, while Dabur Egypt grew by 34.4%. This robust performance in the international business, in fact, comes at a time when the external conditions remained extremely tough with recessionary trends, currency depreciations, demand contraction and the global meltdown threatening to hurt businesses,” Dabur India Ltd Group Director Mr. P D Narang said.
Dabur India Ltd today announced the appointment of Mr. S Raghunathan as the new Chief Financial Officer with effect from May 1, 2010. Mr. Raghunathan will succeed Mr. Rajan Varma, who will retire from Dabur later this month. "Mr. Rajan Varma has been a great asset to Dabur and has, over the years, made substantial contributions to the enterprise in guiding Dabur through its period of stellar growth. Mr. Raghunathan will also play an integral role in helping us move forward on the growth track and achieve sustainable financial success in the new decade," Dabur India Ltd Chairman Dr. Anand Burman said.
Prior to joining Dabur, Mr. Raghunathan was the CFO at Raymonds. With over 22 years of experience and Finance and Accounting, he has also held a number of senior positions in Hindustan Unilever Ltd and Sundaram Finance.
For further information, Contact:
Dabur India Ltd
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Mr. Byas Anand Corporate Communications Dabur India Limited PH:- 95120-3982000, 3001000 extn 2101/2547 Fax: 95120-4374935 Email:email@example.com