The Board of Directors of Dabur India Ltd (DIL) collected to consider the audited financial results of the company for the quarter and full-year ended March 31, 2011. Riding on strong volume-led growth across its key categories like hair oils, skin care, oral care, health supplements, foods and home care, Dabur India Ltd’s Consolidated Revenues topped Rs 4,000 Crore for the 2010-11 financial year.
Strong demand for its products and stringent cost-saving initiatives helped Dabur mitigate the impact of rising input costs and end the fourth quarter of 2010-11 with a rise in both Profits and Sales. Gross Sales for the quarter marked a 30.7 percent surge to Rs 1,117.22 Crore, which includes income from the recently-acquired Hobi Kozmetik of Turkey and Namasté Laboratories of the US. This marks the 36th consecutive quarter of year-on-year growth in both Sales and Net Profit for Dabur.
Says Sunil Duggal, CEO, “While the external environment and inflation in raw material prices continued to play truant, a combination of calibrated price increases and cost management initiatives helped Dabur report a 28 percent growth in EBITDA during the fourth quarter. Dabur continues to register sales growth ahead of the market in several key categories.”
Dabur ended the year 2010-11 with a consolidated Net Profit of Rs 568.58 Crore, a 13 percent growth over the Rs 503.23 crore profit earned in the previous fiscal. The company’s consolidated Gross sales for 2010-11 stood at Rs 4,109.85 crore, up 20.3 percent from Rs 3,415.77 crore of the previous fiscal.