Dabur India has announced its fourth quarter earnings for the 2011-12 financial year ended March 31, 2012. The company recorded a 23 percent rise in consolidated net sales to Rs 1,363.58 crore due to growth across its categories such as hair oils, health supplements, foods, and home care. Its consolidated net sales stood at Rs 1,108.22 crore in the same quarter last year. The net profit of the company for the fourth quarter marked a 16 percent growth to Rs 170.52 crore, as against Rs 147.01 crore a year earlier.
The company surpassed the billion-dollar turnover mark during the 2011-12 fiscal to end the year with net sales of Rs 5,283.17 crore, up 29.5 percent from Rs 4,077.43 crore a year earlier. Net profit for the 2011-12 fiscal marked a 13.4 percent growth to Rs 644.89 crore, up from Rs 568.58 crore from the previous year. The 2011-12 fiscal also saw Dabur’s foods division cross the Rs 500 crore turnover.
Sunil Duggal, Chief Executive Officer, Dabur India, said: “The strong performance has been delivered in a year that saw the external environment become more challenging with every passing quarter. We have managed our business dynamically through a combination of judicious price increase and greater focus on cost efficiencies to deliver profitable and sustainable growth. Our performance during the year has been satisfying with significant growth across all our key brands. Dabur has also laid the foundation for strong and profitable growth in the future with an array of new product initiatives that have met with good success and would further blossom over the next couple of year.”
According to the company officials, the hair oils business led by strong growth in both Amla and Vatika brands and the introduction of Dabur Almond Hair Oil – ended the fourth quarter with a 20.2 percent growth, while the digestives business reported a 19.4 percent growth. Dabur’s skin care business ended the period with an 17.6 percent gain. The foods business also saw a 30.4 percent growth in the fourth quarter. The shampoo category witnessed a 16.8 percent growth, while the health supplements category ended the quarter with a near 11 percent growth.
The company is also expanding its presence in the fruit beverage market besides the fruit-based fizzy drinks category under the brand Burrst Fizz.
The company claims that its international business recorded a 45.8 percent growth during the fourth quarter of the current fiscal, led by strong performance in GCC, Egypt, and Nigeria. “The international business grew by 27.2 percent during the 2011-12 fiscal with the Nigeria business reporting a 34 percent growth, while sales in Egypt grew by 29 percent and GCC markets by 28 percent. Shampoos, hair creams, and toothpastes were the key growth drivers in the international markets,” said P D Narang, Dabur India Group Director.