Dabur India announces Q1 results, Boards approves FCCB/GDR/ADR up to $200 million

Wednesday, July 19, 2006

 

 

New Delhi, July 19, 2006: The Board of Directors of Dabur India Limited (DIL) met here today to consider the un-audited financial result of the company for the first quarter that ended on June 30, 2006. 

 

The Board also passed an enabling resolution to raise capital from international market through issue of foreign securities to foreign investors through Bonds, FCCBs, GDR, ADR, QIPs or any other securities upto USD 200 million in one or more tranches. 

 

This proposal could also allow existing shareholders with an option to divest their holdings in the overseas markets through a sponsored offering route. 

 

“Taking into account our improved performance, positive outlook and the availability of low cost of funds in the international market, the company proposes to raise capital from international market to fund its aggressive growth ambitions and acquisition plans in India and abroad.” said P D Narang, Group Director, Dabur India. 

 

Dabur India (Consolidated), posted an increase of 38.3 per cent in net profit, which has grown from Rs 34.9 crore to Rs 48.2 crore during the first quarter of the current fiscal. The turnover, during the same period, has increased by 14.7 per cent from Rs 414.70 crore to Rs 475.5 crore.

 

Dabur India Consolidated results include the financial figures of Dabur India, Dabur Foods, Dabur International Limited (its step down subsidiaries including the newly formed Asian Consumer Care Pakistan Limited), Balsara, other subsidiaries, and exports from India. 

 

Dabur India Limited (Standalone), recorded a growth of 37.5 per cent in its net profit, which surged from Rs 28.8 crore to Rs 39.7 crore, during the first three months of the current fiscal. 

 

The turnover of DIL, during the same period, has increased by 12.2 per cent from Rs 299.3 crore to Rs 335.8 crore. Health Supplement, Hair Care and Oral care posted encouraging double digit growths during the period under review. 

 

Overall, the FMCG business of Dabur India, which accounts for 87 per cent of its sales, posted a growth of 14.3 per cent during the first quarter. 

 

“The company has added significant scale and momentum to tap emerging opportunities, like modern trade, in domestic market and follow aggressive growth targets in the international markets. Operating margins of DIL have grown by 30.5 per cent during the quarter. Hair Care, our flagship category, posted a growth of 14.66 per cent while Health Supplement and Oral Care recorded robust growth of 26.06 per cent and 21.5 per cent respectively” , said Sunil Duggal, CEO, Dabur India. 

 

International Business, which includes figures of Dabur International ( a Dubai based subsidiary of Dabur India and the hub for all international operations) and its step down subsidiaries, grew by 14.4 per cent in turnover from Rs 45.1 crore to Rs 51.58 crore during the period. The company has also started operations in Asian Consumer Care Pakistan Pvt Limited, its newly formed subsidiary in Pakistan headed by an independent business head.

 

Dabur Foods Limited,a subsidiary of Dabur India manufacturing Real fruit juices, Hommade and Lemoneez, posted an increase of 14.3 per cent in sales from Rs 44.3 crore to Rs 50.6 crore during the three-month period. Both Real and Real Activ range of juices posted impressive growth despite some slowdown because of unrest in Nepal. 

 

For Details :

Corporate Communications

Dabur India Limited

PH:- 95120-3982000, 3001000 extn 2101/2547

Fax: 95120-4374935

Email:corpcomm@dabur.com