Dabur Q4 net up 18% at Rs 201 crore

New Delhi: FMCG major Dabur India today posted 17.61 per cent increase in consolidated net profit at Rs 200.55 crore for the fourth quarter ended March 31, 2013, on the back of strong growth across key categories like health supplements, haircare, foods and homecare.

The company’s net profit of Rs 170.51 crore in the same period of previous fiscal. Net sales of the company rose to Rs 1,531.09 crore for the fourth quarter, as against Rs 1,363.58 crore in the same period 2011-12 fiscal, Dabur India said in a statement. Commenting on the results, Dabur India Ltd CEO Sunil Duggal said the company has managed its business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies to deliver profitable and sustainable growth.

“The domestic consumer (FMCG) business reported an over 15 percent growth during the quarter, driven by a volume growth of over 12 per cent,” he added. For the year ended March 31, 2013, the company’s net profit rose by 18.37 per cent to Rs 763.42 crore compared to Rs 644.89 crore in 2011-12. Net sales of the company for the 2012-13 fiscal rose to Rs 6,146.38 crore compared to Rs 5,283.17 crore in the previous fiscal.

During the fourth quarter, the company said its health supplements business grew by 22.6 per cent, while he over the counter (OTC) health care business reported a 16.7 per cent growth. “The homecare business reported a 33.3 per cent growth while the toothpaste category closed the quarter with a 15.8 percent growth,” it added. The company said its foods business, riding on continued demand for its packaged juices, reported 22.6 per cent growth over the same period of 2011-12 fiscal.

Dabur said its international business posted a robust 17 percent growth during the 2012-13 fiscal. The company’s board recommended a final dividend of 85 percent, taking the total dividend for the year to 150 percent. “Continuing with our payout policy, the board has proposed a final dividend of Re 0.85 per share, aggregating to Rs 173.33 crore,” Dabur India Chairman Anand C Burman said. Shares of Dabur India were trading at Rs 148 on the BSE in late afternoon trade, up 0.71 percent from their previous close.

PTI