Dabur India (standalone) second quarter profit surges 32.2%, revenue up by 31.3%. Announces 1:2 bonus issue and 100% interim dividend

Tuesday, October 31, 2006

 

New Delhi, Oct 31,2006: The Board of Directors of Dabur India Ltd (DIL) met here today to consider the audited financial results of the company for the quarter ended on Sep 30,2006.

Dabur India Ltd (standalone) recorded a second quarter growth of 32.2% in net profit, on a turnover increase of 31.3%, from Rs 332.8 cr to Rs 436.9 cr during the same period.

 

For the half year ending 30th Sep 06, standalone net profit grew by 41.7%, which surged from Rs 80.9 cr to Rs 114.6 cr. The turnover, during the same period, has increased by 30.4% from Rs 632.1 cr to Rs 824.6 cr.

 

"Core categories of Hair Care, Oral Care, Health Supplements and Home Care recorded strong double digit growths in the half year. The merger of Balsara subsidiaries with Dabur was achieved in the quarter with the High Court sanctioning the Scheme of Amalgamation. ", said Sunil Duggal, CEO, Dabur India.

 

 

Dabur India Ltd (Consolidated) posted second quarter growth of 26.3% in net profit, from Rs 62.7 cr to Rs 79.2 cr, on a turnover that increased by 20.7%, from Rs 467.5 cr to Rs 564.1 cr during the same period.

 

For the half year ending 30th Sep 06, consolidated net profit grew by 30.3%, from Rs 97.2 cr to Rs 126.6 cr. The turnover, during the same period, has increased by 17.8% from Rs 882.2 cr to Rs 1039.6 cr.

 

Dabur Foods Ltd, a 100% subsidiary of Dabur India and the market leader in fruit juices with its Real brand, posted an increase of 27% in sales from Rs 91.4 cr to Rs 116 cr. While in Q1 the business was impacted by unrest in Nepal, there was a strong pick up in Q2 and the business grew by 39%. Both Real and Real Activ range of juices posted impressive growth.

 

International business grew by 31.4% in turnover from Rs 101.1 cr to Rs 132.8 cr. Growth was lead by strong performance in focus markets such as GCC countries, Egypt, Nepal, Nigeria, USA/Canada and Pakistan.

 

"We had embarked on a strategic plan and all the growth drivers identified have started yielding results. We have built strong capabilities to tap emerging opportunities", said Mr V C Burman, Chairman, Dabur India Ltd.

 

 

The Board of Directors also announced a bonus issue of shares in the ratio of 1:2. This will lead to an increase in the share capital of the company from the current Rs 57.4 cr to Rs 86.1 cr. An interim dividend of 100% per equity share on existing capital was also announced. The record date for the payment of dividend has been finalized as November 6, 2006.

 

"The bonus issue is to provide liquidity in the shares as well as to bring the capital base commensurate with the size of the company. The dividend is also in line with the payout policy of the company", said Mr P D Narang, Group Director-Corporate Affairs, Dabur India.

 

Corporate Communications

Dabur India Limited

PH:- 95120-3982000, 3001000 extn 2101/2547

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Email:corpcomm@dabur.com