Dabur Q1 2011-12 Revenue Surges 31.6% To Rs 1216.24 Cr
Wednesday, July 27, 2011
EBITDA for the quarter grows 27.8%
Consolidated Q1 Net Profit up 19.6% at Rs 127.74 Cr
New Delhi, July 27th, 2011: The Board of Directors of Dabur India Ltd (DIL) met here today to consider the unaudited financial results of the company for the quarter ended June 30, 2011.
Riding on strong demand across its key categories, calibrated price hikes and stringent cost-saving initiatives, Dabur India Ltd mitigated the impact of rising input costs to end the first quarter of 2011-12 financial year with a 31.6% rise in Consolidated Sales. Gross Sales for the first quarter 2011-12 stood at Rs 1216.24 Crore, which includes income from the recently-acquired Hobi Kozmetik of Turkey and Namasté Laboratories of the US. Gross Sales for the same period a year ago stood at Rs 924.38 Crore. Net Profit for the first quarter of the new fiscal marked a 19.6% rise to Rs 127.74 Crore, up from Rs 106.79 Crore a year earlier.
“Dabur has been reporting strong and consistent performance despite Inflation playing truant and competitive pressures intensifying in some key categories. In order to minimise the impact of high input costs, the company has put in place calibrated price hikes. This, combined with our cost management initiatives, helped Dabur record a 27.8% growth in EBITDA during the first quarter,” Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal said.
While the Hair Oils category reported 16.1% growth during the first quarter, Dabur's Toothpaste brands continued their impressive run to end the period with a 14.1% growth and 80 bps market share gain. Dabur’s Home Care business reported another quarter of strong growth with a 24.9% jump, while the Foods business posted a robust 31.5% growth during the quarter. The Skin Care portfolio -- on sustained demand for the Fem range and expansion of the Dabur Uveda range of Ayurvedic skin care products -- ended the period with a 16.3% growth.
“We’ve significantly enhanced our domestic presence especially in Tier-2 and Tier-3 towns, and are now putting in place measures to further expand Dabur's rural footprint. This has been accompanied by focused and innovative marketing and promotion strategies,” Mr. Duggal said. The quarter also saw Dabur introduce a host of new products like Hajmola Mint Masti (which marked its foray into the mint candy market) and Fem Safe Handz hand sanitiser, besides Hajmola Saunf variant, Glucose Litchi variant and Réal Apricot variant.
Dabur’s International Business recorded a strong 98.9% surge during the quarter, led by robust performance in Nigeria, Egypt & GCC and income from the newly acquired overseas companies. “Nigeria reported a strong performance, growing by 33% during the quarter, while the Egypt and GCC businesses grew by 30%. Shampoos, Hair Creams and Toothpastes were the key growth drivers in the international markets,” said Dabur India Ltd Group Director Mr. P D Narang.
About Dabur India Ltd
Dabur India Limited is one of India’s leading FMCG Companies. Building on a legacy of quality and experience for over 125 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 Fem for fairness bleaches & skin care.
For Details :
Mr. Byas Anand Corporate Communications Dabur India Limited PH:- 95120-3982000, 3001000 extn 2101/2547 Fax: 95120-4374935 Email:email@example.com