Dabur India Q2 Profit Surges 25%

Wednesday, October 24, 2007

Announces 75% Dividend

 

New Delhi, October 24, 2007: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 half year ending September 30, 2007.

 

Riding on strong growth across its key categories and efficient cost management, Dabur India Ltd recorded a 24.7 per cent increase in net profit during the second quarter of 2007-08 to Rs 85.81 crore as against Rs 68.81 crore in the corresponding quarter of the previous fiscal. Its turnover for the quarter stood at Rs 483.33 crore, a 10.6 per cent growth over Rs 436.88 crore earned a year earlier.

 

For the half year ended September 30, 2007, Dabur India net profit surged by 26.5 per cent to Rs 139.87 crore from Rs 114.65 crore a year earlier. Its turnover for the half year also marked a 12.6 per cent growth at Rs 928.64 crore from Rs 824.56 crore in the corresponding period of the previous fiscal.

 

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

 

"Dabur India has recorded strong growth in key categories like oral care, health supplements, digestives and home care. The Consumer Care Division, the largest business unit within Dabur India, has reported a 14% growth during the second quarter of the current financial year. Effective cost management coupled with easing of inflationary pressures helped us improve the EBIDTA margin by 90 bps during the period," Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal said

 

In the Consumer Care Division, Dabur's Oral Care portfolio reported a 22% growth during the first half of the year with the toothpaste category - led by Babool and Dabur Red toothpaste - showing a 35% growth. Its shampoo sales marked a 16.8% growth during the period, while the Home Care category reported a 14% increase in sales. The Foods division also marked a 26.7% growth during the first half of the current financial year.

 

 

Dabur India Ltd (Consolidated) recorded a 22.8 per cent surge in net profit during the second quarter of the 2007-08 financial year. Its net profit for the quarter stood at Rs 96.59 crore, up from Rs 78.65 crore in the same period last year. Turnover for the quarter also marked a 12.4 per cent increase to Rs 634.32 crore from Rs 564.13 crore in the corresponding quarter of the previous fiscal.

 

For the half year ended September 30, 2007, consolidated net profit soared 25.2 per cent to Rs 158.80 crore as against Rs 126.87 crore in the previous fiscal. Consolidated turnover for the half year stood at Rs 1205.20 crore, a jump of 15.9 per cent over Rs 1039.64 crore a year earlier.

 

Dabur's International Business also recorded significant gains, posting a growth of 31 per cent during the first half of the year with impressive performance from GCC and African markets. "We have built strong capabilities to tap emerging opportunities. Sales in the GCC region surged 42.3%, while Dabur Egypt grew by 47% during the first six months of the current fiscal. Sales in US also reported a healthy 64% growth during the period," 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, Real for fruit-based drinks 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