Monday, July 28, 2008
Dabur India (Consolidated) Q1 Revenue up 16% at Rs 604 Crores
Consolidated Net Profit Reports 14% Growth
New Delhi, July 28th, 2008: The Board of Directors of Dabur India Ltd (DIL) met here today to consider the unaudited financial results of the company for the first quarter ending June 30, 2008.
Riding on strong growth in key categories, a remarkable turnaround in its Consumer Health Division and aggressive cost-saving initiatives, Dabur India Ltd mitigated the impact of escalating production costs and recorded a 25.3% growth in net profit during the first quarter of 2008-09 fiscal. Dabur ended the quarter with a net profit of Rs 70.14 crores as against Rs 55.97 crores in the same period of the previous fiscal. Its turnover for the quarter stood at Rs 532.29 crores, up 12.2 per cent over Rs 474.24 crores a year earlier.
“We continued to sustain the growth momentum in key categories like hair care and health supplements, despite growing cost pressures. While high inflation is a cause of concern, we have not yet seen any significant impact on consumer spending. Our hair care business reported a 15% growth during the quarter with the Vatika shampoo franchise alone growing by over 26%. The Health Supplements business also grew by over 19%. Our renewed focus on Ayurvedic OTC products reaped rich dividend with the Consumer Health Division riding strong the turnaround path and reporting a near 25% growth in the first quarter of 2008-09 fiscal,” Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal said.
The quarter also saw Dabur introduce several new products and variants, which have met with encouraging response in the market. The new Ayurvedic OTC products introduced during the quarter include Active Blood Purifier and Bhringraj Ayurvedic Tel. Dabur has also nationally rolled out its hard-surface cleaner brand Dazzl, besides introducing the mosquito repellent Odomos in a new spray format.
Dabur India Consolidated
Dabur India Ltd’s consolidated sales surged 15.5% during the first quarter of 2008-09 to Rs 612.39 crores as against Rs 530.37 crores a year earlier. Consolidated net profit marked a 14% growth at Rs 70.74 crores from Rs 62.08 crores in the same quarter of the previous fiscal.
Dabur's International Business continues to grow at a rapid pace, surging 39.5% with strong performances from Egypt, GCC and African markets. "Sales in GCC region increased by 52% led by higher pricing power and increased consumer offtakes. Sales in the African markets more than doubled during the quarter, led by strong growth in Nigeria. We have built strong capabilities to tap emerging opportunities in these markets,” said Dabur India Ltd Chairman Dr. Anand Burman.
About Dabur India
Dabur India Limited is one of India’s leading FMCG Companies. Building on a legacy of quality and experience for over 120 years, Dabur is today India’s most trusted name and the world’s largest Ayurvedic and Natural Health Care Company. Dabur India's FMCG portfolio today includes five flagship brands with distinct brand identities -- Dabur as the master brand for natural healthcare products, Vatika for premium personal care, Hajmola for digestives, Réal for fruit-based beverages and Anmol for affordable personal care business.
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