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Hair Care & other biz drive growth of Dabur
30 Jan '08
3 min read
Dabur Consolidated:
Dabur India Ltd (Consolidated) posted a 19.2% growth in net profit in the third quarter at Rs 94.5 crores, as against Rs 79.3 crores in the same period last year. Turnover for the quarter marked a 14.3% growth to Rs 658.65 crores, from Rs 576.52 crores a year earlier.
For the nine-month period ending December 31, 2007, consolidated net profit recorded a 22.9% jump to Rs 253.3 crores, from Rs 206.1 crores a year earlier.
The turnover, during the same period, increased by 15.8% to Rs 1781.68 crores as against Rs 1539.15 crores in the corresponding period of the previous financial year.
Dabur Foods Ltd, the market leader in fruit juices, posted a 21% increase in sales during the nine-month period ended December 31, 2007, with the Réal juice portfolio reporting a 23% growth.
“The merger of Dabur Foods Ltd with Dabur India Ltd is on track with the Honourable High Court of Delhi giving its final approval for the merger, with effect from April 1, 2007,” Dabur India Ltd Chairman Dr Anand Burman said.
Dabur's overseas sales also recorded significant gains during the nine-month period, reporting a 29.4% surge in turnover. While Dabur Egypt reported a robust 72% growth, sales in the GCC region increased 46% and sales in Pakistan recorded a 25% growth.
The quarter also saw Dabur establishing a new manufacturing facility in Nigeria, pushing sales growth in the market to 185%.
"We have built strong capabilities to tap emerging opportunities in the overseas markets. Our entry into new markets in the Middle East & North Africa region will only add to the growth momentum," said Mr. Duggal.
Dabur India Ltd (Consolidated) posted a 19.2% growth in net profit in the third quarter at Rs 94.5 crores, as against Rs 79.3 crores in the same period last year. Turnover for the quarter marked a 14.3% growth to Rs 658.65 crores, from Rs 576.52 crores a year earlier.
For the nine-month period ending December 31, 2007, consolidated net profit recorded a 22.9% jump to Rs 253.3 crores, from Rs 206.1 crores a year earlier.
The turnover, during the same period, increased by 15.8% to Rs 1781.68 crores as against Rs 1539.15 crores in the corresponding period of the previous financial year.
Dabur Foods Ltd, the market leader in fruit juices, posted a 21% increase in sales during the nine-month period ended December 31, 2007, with the Réal juice portfolio reporting a 23% growth.
“The merger of Dabur Foods Ltd with Dabur India Ltd is on track with the Honourable High Court of Delhi giving its final approval for the merger, with effect from April 1, 2007,” Dabur India Ltd Chairman Dr Anand Burman said.
Dabur's overseas sales also recorded significant gains during the nine-month period, reporting a 29.4% surge in turnover. While Dabur Egypt reported a robust 72% growth, sales in the GCC region increased 46% and sales in Pakistan recorded a 25% growth.
The quarter also saw Dabur establishing a new manufacturing facility in Nigeria, pushing sales growth in the market to 185%.
"We have built strong capabilities to tap emerging opportunities in the overseas markets. Our entry into new markets in the Middle East & North Africa region will only add to the growth momentum," said Mr. Duggal.
Dabur India Ltd
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