Dabur India net profit rises 13 percent during 2010-11

April 27th, 2011 - 5:05 pm ICT by IANS  

Mumbai, April 27 (IANS) Riding on strong volume-led growth across key categories like hair oils, skin care products, health supplements and home care, fast moving consumer goods major Dabur India Wednesday reported 13 percent rise in its consolidated net profit for the year ended March 31 at Rs.568.58 crore.

The company’s net profit during the like period of the last fiscal stood at Rs.503.23 crore.

The total income rose to Rs.4,110.45 crore during the period under review, up 20.34 percent as against Rs.3,415.72 crore during the like period of the previous fiscal.

Dabur’s international business ended the year with a 46.3 percent growth, led by robust performance in markets like Egypt and Nigeria and income from the newly-acquired overseas companies.

“North Africa notched up yet another strong performance, growing by 43 percent during the year, while the Egypt business grew by 32 percent,” said P.D. Narang, group director Dabur India ltd.

“This growth in the international business, in fact, comes at a time when the external conditions remained extremely tough,” he added.

However, the net profit for the quarter ended March 31, rose 8.5 percent at Rs.147.01 crore as against Rs.135.47 crore during the like period of the previous fiscal.

The total income stood at Rs.1,115.62 crore during the period under review, up 30 percent as compared to Rs.858.25 crore like period of the last fiscal.

“While the external environment and inflation in raw material prices continued to play truant, a combination of calibrated price increases and cost management initiatives helped Dabur report growth,” said Dabur India CEO Sunil Duggal.

“It continues to register sales growth ahead of the market in several key categories,” he added.

The company also proposed a final dividend of Rs.0.65 per share aggregating to Rs.113.15 crore.

At the Bombay Stock Exchange, the shares of the company were down 2.16 percent to trade at Rs.99.80.

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