Dabur India fell 1.35% to Rs 196.65 at 14:40 IST on BSE after the company announced Q1 June 2014 results during trading hours today, 28 July 2014.
Meanwhile, the BSE Sensex was down 199.98 points, or 0.77%, to 25,926.77.
On BSE, so far 2.08 lakh shares were traded in the counter, compared with an average volume of 1.27 lakh shares in the past one quarter.
The stock hit a high of Rs 200.45 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 193 so far during the day. The stock hit a 52-week low of Rs 142.75 on 22 August 2013.
The stock had outperformed the market over the past one month till 25 July 2014, rising 7.12% compared with 3.21% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 11.24% as against Sensex's 15.16% rise.
The large-cap company has an equity capital of Rs 175.62 crore. Face value per share is Re 1.
On a consolidated basis, Dabur India's net profit rose 13.33% to Rs 210.81 crore on 13.01% increase in total income to Rs 1,904.80 crore in Q1 June 2014 over Q1 June 2013.
Dabur India reported strong growth in key categories like health supplements, digestives, hair care, home care and foods in Q1 June 2014.
"Despite a sharp fall in growth rates in most consumer products segments, Dabur continued to report strong volume-led growth across its key categories. We have managed our business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies, maintaining our growth momentum and registering sales growth ahead of the market in several key categories. We are investing behind our brands and have taken necessary steps to improve our competitiveness in the market place and deliver profitable growth," Dabur India Chief Executive Officer Sunil Duggal said.
Dabur's Health Supplements business, led by strong demand for Dabur Honey and Dabur Glucose, ended the first quarter with a 22% growth. The foods business continued to move forward on the growth trajectory and ended the first quarter up 21%. The home care category reported a 15% growth during Q1, while the digestives category reported an over 11% growth during the period. The shampoo business also reported an over 15% growth while the toothpaste category ended the quarter with an 11% growth, the company said in a statement.
Dabur's retail business, under NewU, has also marked a turnaround with a substantial reduction in losses.
Dabur's international business (including acquisitions) ended the first quarter with 18%, led by GCC, Egypt, Turkey and Levant (comprising Yemen, Jordan, Lebanon & Syria) markets. "Despite disruptions in some overseas geographies, we are managing our business dynamically to ensure that we remain competitive and cost efficient. Our Turkey business grew by 32%, while sales in Egypt grew by 28%, Levant by 27% and GCC markets by 21%," Dabur India Group Director Mr. P. D. Narang said.
In Q1 June 2014, Dabur launched a host of new products and variants across geographies, all of which have received encouraging response. In the domestic market, Dabur announced the extension of its popular brand Hajmola into the pure Confectionery space with the launch of Hajmola Chuzkara. The brand also launched a Natkhat Amrud variant of Hajmola Candy, the company said.
Dabur India is one of India's leading FMCG companies. Dabur operates in key consumer product categories like hair care, oral care, health care, skin care, home care and foods.
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