Strong volume-led growth across key categories like Health Supplements, Digestives, Shampoos, Toothpastes, Foods & Home Care helped Dabur India mitigate the impact of a challenging business environment and macro headwinds to end the fourth quarter of 2013-14 financial year with a 15.5 percent surge in consolidated net sales to Rs 1,769.02 crore. Consolidated net sales stood at Rs 1,531.09 crore in the same quarter last year. Dabur India’s net profit for the fourth quarter of 2013-14 marked a 17.3 percent growth to Rs 235.29 crore, as against Rs 200.55 crore a year earlier.
“The business has performed well on all operating parameters. Our strong performance reflects the robustness of our business model and our ability to efficiently manage the emerging challenges. Dabur has been reporting strong and consistent performance despite intensifying competitive pressures and the challenging market environment being witnessed for some quarters now. Going forward too, our focus will be on pursuing an aggressive and profitable growth strategy,” said, Sunil Duggal, Chief Executive Officer, Dabur India.
Dabur India ended the 2013-14 fiscal with a 15.1% growth in net sales to end the year at Rs 7,073.21 crore, up from Rs 6,146.38 crore a year earlier. Net profit for the 2013-14 fiscal marked a 19.7 percent surge to Rs 913.92 crore, up from Rs 763.42 crore a year earlier.
The Digestives category posted a 23.3 percent growth during the fourth quarter of 2013-14, while the Foods business – riding on strong demand for its packaged juices – ended the period with a 20.6 percent growth. The Toothpaste business for Dabur – led by Dabur Red Paste – reported a 20.7 percent growth, while the Shampoo business grew by 19 percent. The Health Supplements business saw a 17.6 percent growth during the quarter, while the Home Care category grew by 13 percent.
Dabur’s International Business recorded a 20 percent growth during the fourth quarter of 2013-14, led by strong performance in GCC, Egypt and Levant (comprising Yemen, Jordan, Lebanon & Syria) markets. During the full year 2013-14, the Levant business reported a strong 32 percent growth, while sales in Egypt grew by 20 percent and GCC markets by 17 percent, stated P D Narang, Group Director, Dabur India.