India : Hair Care & other biz drive growth of Dabur

January 30, 2008

The Board of Directors of Dabur India Ltd (DIL) met to consider the unaudited financial results of the company for the quarter and the nine-month period ending December 31, 2007.

Riding on strong growth across key categories like Hair Care, Oral Care, Home Care and International Business, Dabur India Ltd recorded a 22.9% growth in its net profit during the third quarter of the 2007-08 financial year.

Net profit for the quarter stood at Rs 88.1 crores, up from Rs 71.7 crores in the same period last year. Turnover for the quarter marked a 11.4% increase to Rs 525.35 crores from Rs 471.45 crores in the corresponding quarter of the previous fiscal.

For the nine-month period ending December 31, 2007, Dabur India net profit surged 22.3% to Rs 228 crores from Rs 186.4 crores in Q3 of 2006-07.

The turnover, during the same period, registered a growth of 12.4% to Rs 1378.85 crores from Rs 1226.58 crores a year earlier.

“Dabur India registered robust sales growth across its key categories, with its toothpaste and shampoo brands continuing to grow ahead of the market.

The International Business, Health Supplements, Hair Care and Digestives categories were the key drivers of growth during the quarter, growing at strong double digits.

The cornerstone of our strategy is to continuously strengthen our portfolio and deliver consistent and profitable growth,” said Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal.

The third quarter saw Dabur India introducing a host of new products – like Chyawan Junior (a Chyawanprash variant in a chocolate-flavoured granular format), Gulabari Hydrating Rose Crème & Lotion and Dazzl hard surface cleaners – which have been very well accepted in the market.

Dabur India Ltd

Source @ Fibre2fashion