Dabur India Q2 Net Profit Soars 18% To Rs 107 Cr

Thursday, October 30, 2008

Standalone Q2 EBITDA Margin Expands By 52 bps

Consolidated Sales Up 18% To Rs 699 Crores

 

New Delhi, October 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 half-year ending September 30, 2008.

 

Aggressive cost management initiatives coupled with a judicious pricing strategy and the continued strong performance in key categories helped Dabur India Ltd mitigate the impact of steep cost inflation and report a strong 18.1% growth in standalone net profit for the second quarter of the 2008-09 fiscal. Net profit for the quarter stood at Rs 106.96 Crores, up from Rs 90.55 Crores a year earlier. The company also announced that its EBITDA margin for the quarter expanded by 52 bps. Standalone Net Profit for the first half of the financial year reported a 21% surge to Rs 177.11 Crores.

 

“We continue to sustain our strong growth momentum in key categories like Hair Oils, Shampoos and Baby & Skin Care as consumer spending remains robust in the FMCG market despite high Inflation. Hair Oils reported an impressive over 20% growth in the quarter led by Anmol Coconut Oil and Dabur Amla Hair Oil. Shampoos also continued to outperform the category with a growth of over 36%, while Baby & Skin Care business reported a near 18% growth following the expansion of Dabur Gulabari skin care range with the introduction of Dabur Gulabari Moisturising Cream and Lotion,” Dabur India Ltd CEO Mr. Sunil Duggal said.

 

“Our renewed focus on Ayurvedic OTC products reaped rich dividend with the Consumer Health Division riding strong on its turnaround path and reporting a strong over 21% growth in the second quarter of 2008-09 fiscal,” Mr. Duggal added.

 

The quarter also saw Dabur India Ltd roll out a host of new products and initiatives, which have met with encouraging response in the market. Dabur’s new hard surface cleaner brand ‘Dazzl’, launched nationally in the previous quarter, has already garnered a market share of 6.1% (July-September 08) in the floor and kitchen cleaner category. 

 

 

Dabur India Ltd’s Consolidated Income for the second quarter of 2008-09 fiscal marked an 18.4% growth to Rs 699.30 Crores, up from Rs 590.49 Crores a year earlier. Net Profit for the quarter rose 12.2% at Rs 107.41 Crores as against Rs 95.74 Crores a year ago.

 

Dabur’s International Business continued to grow at a rapid pace with the division recording an impressive growth of 40.5%, led by robust performance in GCC, Egypt, Nigeria, Yemen and North African markets.

 

“We have built strong capabilities to tap emerging opportunities in the overseas markets. Sales in the GCC region reported a 49% growth while sales in African markets surged 65%. Dabur Egypt grew by a robust 88% and Bangladesh sales surged by 85%,” said Dabur India Ltd Group Director Mr. P D Narang.

 

 

Dabur India Ltd also announced the reconstitution of its Board of Directors with the induction of two new independent directors. Aviva India Ltd’s former Managing Director Bert Paterson and Mr. Analjit Singh, Co-Founder and Chairman of Max India Ltd, have been inducted as independent directors on the board. Besides, Maharaja Gaj Singh has resigned from the Dabur India board.

 

“Corporate governance and transparency in action are of high priority for Dabur and the Burman family, and the new board-level inductions are in line with this philosophy. With this, the number of members on the Dabur India board has been expanded to 11 with five independent directors,” Dabur India Ltd Chairman Dr. Anand Burman said.

 

 

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.

 

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