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DIL Hair Care segment sees strong growth

May '08
The Board of Directors of Dabur India Ltd (DIL) met to consider the audited financial results of the company for the quarter and the full year ending March 31, 2008.

Strong growth in its key categories coupled with stringent cost-saving initiatives helped Dabur India Ltd mitigate the impact of escalating costs and record an 18.5% growth in net profit during the 2007-08 financial year.

Dabur ended the fiscal with a net profit of Rs 332.8 crore as against Rs 280.8 crore in the previous fiscal. Its turnover for the year stood at Rs 2396 crore, up 15.2 per cent over Rs 2080 crore a year earlier.

The Board of Directors of Dabur India Ltd also announced a final dividend of 75% for the 2007-08 financial year.

“Continuing with our payout policy, Dabur India has approved a final dividend of 75% for the year, aggregating to a payout of Rs 64.80 crore,” said Dr Anand Burman, Chairman, Dabur India Ltd.

“We continued to sustain the growth momentum in key categories like hair care and oral care, where Dabur brands outpaced the industry growth.

The health supplements business reported a 15% growth during the year, while the Foods business grew by 19%. During the year, Dabur India has revamped and relaunched 60% of the Consumer Care Division product portfolio, laying the foundation for stronger growth for the future.

Our Consumer Health Division also marked a turnaround, reporting a 12% growth in the second half of the 2007-08 fiscal and 5.4% growth for the full year.

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