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July 26, 2010

Dabur Acquires Turkey`s Hobi Kozmetik Group For $69 Million Announces 20.5% Surge In Cons Q1 Net Profit At Rs 107.39 Cr

Press release

New Delhi
Monday, July 26, 2010
Consolidated Q1 Revenue Up 19.5% To Rs 924.38 Cr
Announces 1:1 Bonus Issue
 
New Delhi, July 26th, 2010: Dabur India Ltd. today announced the acquisition of Hobi Kozmetik Group, a leading personal care products company in Turkey, for $69 million. Dabur’s overseas subsidiary, Dabur International Ltd, has acquired 100% stake in three Hobi Group firms – Hobi Kozmetik, Zeki Plastik and Ra Pazarlama.
 
The transaction is expected to be completed by the third quarter of 2010-11. “The acquisition of Hobi Kozmetik is in line with Dabur’s strategy to aggressively expand its scale of operations and strengthen its presence in the fast moving consumer goods (FMCG) space across the globe. This acquisition is an important step towards further consolidating and expanding our already substantial presence in the Middle East and North Africa region,” Dabur India Ltd. Chairman Dr. Anand Burman said.
 
Set up in 1974, Hobi Kozmetik is a leading manufacturer of personal care products in Turkey. The company is a market leader in the hair gel category with a 35% share, and markets a wide range of hair care and skin care products under the ‘Hobby’ and ‘New Era’ brands. Its products are sold across 35 countries, including the Middle East and North Africa.
 
“The acquisition offers Dabur an entry into an attractive new market like Turkey, and adds to our portfolio a host of popular international brands that enjoy pole position in their respective categories. Hobi’s brands complement Dabur’s portfolio, categories, offering us a strong platform to enter newer product categories and markets. We also believe that the opportunities for capitalizing on the strengths of this business across our international operations are significant,” Dabur India Ltd. CEO Mr. Sunil Duggal said.
 
“With Balsara’s Hygiene and Home products businesses and more recently Fem Care Pharma, Dabur has aptly demonstrated its ability to make successful acquisitions and more importantly to manage them well. This transaction too will offer us substantial synergies and an opportunity to broaden the company’s product portfolio to further capitalize on the emerging opportunities in domestic and international markets,” Dabur India Ltd. Group Director Mr. P. D. Narang said.
 
Q1 Results
 
The Board Of Directors of Dabur India Limited today also approved the unaudited financial results of the company for the first quarter ended June 30th, 2010.
 
Riding on strong volume-driven growth across key categories like Hair Oils, Skin Care, Toothpastes, Health Supplements, Digestives, Foods & Home Care, Dabur India Ltd. ended the first quarter of the 2010-11 financial year with a 19.5% growth in consolidated Revenue at Rs 924.38 Crore. Consolidated Q1 Revenue for the same period last year stood at Rs 773.60 Crore. Net Profit for the first quarter of 2010-11 marked a 20.5% surge to Rs 107.39 Crore, up from Rs 89.09 Crore a year ago.
 
 “The macro environment is improving with good Monsoons fuelling resurgence in demand. Dabur continues to register sales growth ahead of the market in several key categories, and this growth is almost entirely volume-driven,” Mr. Duggal said. Dabur’s Health Supplements category grew by 42.8% in the first quarter, led by Chyawanprash and Glucose, while the Home Care Category bounced back to end the quarter with a strong 31.5% growth. The Oral Care category reported a 20.2% growth while Foods business grew by 21.2%, Hair Oils by 16.5% and Skin Care by 12.4%. Dabur’s International Business also registered a 28.7% topline growth during the quarter, led by Nigeria, Egypt, Levant and North Africa.
 
Bonus Issue
 
The Board of Directors of Dabur India Ltd. today announced issue of 1:1 Bonus share to the shareholders of the company, i.e. one share for every one share held. “We are happy to announce a 1:1 Bonus issue to the shareholders to mark the 125th year of Dabur's establishment. We feel the Bonus issue was long overdue to our investors” said Dabur India Ltd. Chairman Dr. Anand Burman.
 
About Dabur India Ltd
 
Dabur India Limited is one of India’s leading FMCG Companies. Building on a legacy of quality and experience for 125 years, Dabur is today India’s most trusted name and the world’s largest Ayurvedic and Natural Health Care Company. Dabur India's FMCG portfolio today includes five flagship brands with distinct brand identities -- Dabur as the master brand for natural healthcare products, Vatika for premium personal care, Hajmola for digestives, Réal for fruit-based beverages, and Fem for fairness bleaches & skin care.
 
For further information, Contact
 
Byas Anand
Dabur India Ltd
Ph.: +91-9811994902
 
For Details :
Mr. Byas Anand Corporate Communications Dabur India Limited PH:- 95120-3982000, 3001000 extn 2101/2547 Fax: 95120-4374935 Email:corpcomm@dabur.com

 

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