Dabur Net Surges 84%

New Delhi, July 26 | Updated: Jul 28 2004, 05:11am hrs
Dabur India Limited in its new avataar as a focused FMCG company, on Monday, reported an increase of 84 per cent in its net profit at Rs 20.5 crore for the first quarter ended June 2004, as against Rs 11.1 crore recorded in the same period last year.

The turnover of the company, during the same period, increased by 15.6 per cent from Rs 247.5 crore to Rs 286 crore.

Dabur India (consolidated), which includes the results of Dabur India, Dabur Foods, Dabur International Limited, Dabur Nepal Pvt Limited, other subsidiaries and exports from India, posted an increase of 98.8 per cent in net profit, at Rs 22. 1 crore, up from Rs 11.1 crore recorded last year. The turnover, during the same period, increased by 22 per cent from Rs 282.5 crore to Rs 344.4 crore.

According to Dabur India Ltd CEO Sunil Duggal, the company gained significantly from its innovative marketing initiatives, aggressive sales strategies and improved business processes.

The hair care products, which accounted for nearly 39 per cent of sales of the company during the first quarter, grew approximately by 8.6 per cent while the health supplements category, which accounted for over 11 per cent in the turnover, grew by a significant 25 per cent.