Dabur India 2007-08 Profit Soars To Rs 333 Crores, A Growth Of 18.5%

Wednesday, April 30, 2008

Dabur India (Consolidated) full-year Revenue up by 15.2% at Rs 2396 Cr

Consolidated EBIDTA Margin for FMCG business surges to 18.8%; Up 20%

Announces 75% Final Dividend; Total payout for the year stands at 150%

 

New Delhi, April 30th, 2008: The Board of Directors of Dabur India Ltd (DIL) met here today to consider the audited financial results of the company for the quarter and the full year ending March 31, 2008.

 

Strong growth in its key categories coupled with stringent cost-saving initiatives helped Dabur India Ltd mitigate the impact of escalating costs and record an 18.5% growth in net profit during the 2007-08 financial year. Dabur ended the fiscal with a net profit of Rs 332.8 crore as against Rs 280.8 crore in the previous fiscal. Its turnover for the year stood at Rs 2396 crore, up 15.2 per cent over Rs 2080 crore a year earlier.

 

The Board of Directors of Dabur India Ltd also announced a final dividend of 75% for the 2007-08 financial year. “Continuing with our payout policy, Dabur India has approved a final dividend of 75% for the year, aggregating to a payout of Rs 64.80 crore,” said Dr Anand Burman, Chairman, Dabur India Ltd.

 

“We continued to sustain the growth momentum in key categories like hair care and oral care, where Dabur brands outpaced the industry growth. The health supplements business reported a 15% growth during the year, while the Foods business grew by 19%. During the year, Dabur India has revamped and relaunched 60% of the Consumer Care Division product portfolio, laying the foundation for stronger growth for the future. Our Consumer Health Division also marked a turnaround, reporting a 12% growth in the second half of the 2007-08 fiscal and 5.4% growth for the full year. The international business posted a growth of 25.5% with impressive performance from Egypt, GCC and African markets,” Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal said

 

In the hair care category, hair oils reported a strong 13% growth, led by Dabur Amla which grew 18% during the year. The shampoo category too continued its strong performance, reporting a 25% growth. Dabur has now expanded its Hair Care offering with the introduction of a new Vatika Black Shine shampoo variant, besides entering the Conditioner market with two variants under the Vatika brand.

 

Dabur’s toothpaste sales – led by Babool, Dabur Red and Meswak – reported a 27 per cent growth year-on-year, much ahead of the industry growth of 14%. Dabur has also expanded its Oral Care portfolio with the introduction of Babool Neem variant during the fiscal. The year also saw Dabur enter the organised beauty, health & wellness retail market with the opening of its first newu stores in Delhi and Hyderabad.

 

Overseas sales also recorded significant gains, growing by 25.5 per cent in 2007-08 with strong performances across most focus markets. “We have built strong capabilities to tap emerging opportunities. Sales in the GCC region have increased by 32.8 per cent led by new product launches, while Dabur Egypt grew by a robust 49 per cent,” said Dabur India Ltd Group Director Mr. P D Narang.

 

 

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.

 

Corporate Communications Dabur India Limited PH:- 95120-3982000, 3001000 extn 2101/2547 Fax: 95120-4374935 Email:corpcomm@dabur.com