Dabur India net soars 84%

BS 200 SCORECARD

FMCG company Dabur India recorded an 84 per cent increase in net profit at Rs 20.5 crore for the first quarter ended June 30, 2004, against Rs 11.1 crore in the corresponding period last year.

Sales increased 15.6 per cent to Rs 286 crore (Rs 247.5 crore). Its consolidated net profit shot up by 98.8 per cent at Rs 22.1 crore (Rs 11.1 crore).

"The company gained from its marketing initiatives, aggressive sales strategies and improved business processes," said Sunil Duggal, CEO, Dabur.

"Health care, oral care and baby care segments were the key drivers of growth during the first quarter followed by the products in the hair care and digestives category," he added.

Hair care products, which accounted for nearly 39 per cent of Dabur's sales, posted an 8.6 per cent growth, while the health supplements category, which contributed 11 per cent to its turnover, grew by 25 per cent.

Ayurvedic specialties division registered a growth of 10.4 per cent. The overall turnover of the group, including its pharmaceuticals business increased by 22 per cent to Rs 344.4 crore.

The revenues of Dabur International Ltd, the Dubai based subsidiary and hub for all Dabur's international operations, grew by 40 per cent to Rs 23 crore.

The company has also incorporated a local subsidiary in Nigeria called African Consumer Care, for tapping the Nigerian and west African markets.