Strong growth in its key categories and stringent cost-saving initiatives led FMCG major Dabur India to post an 18.5% rise in its net profit to Rs 332.8 crore in 2007-08 as against Rs 280 crore a year ago.
The company clocked a turnover of Rs 2,396 crore, an increase of 15.2% over Rs 2,080 crore a year earlier.
?The health supplements business reported a 15% growth during the year, while the foods business grew by 19%. Our consumer health division reported a 12% growth in the second half of the 2007-08 and 5.4% growth for the full year,? Dabur India Ltd CEO Sunil Duggal said.
Hair oils reported 13% growth in the hair care segment led by Dabur Amla, which grew 18% during the year. The shampoo category grew by 25%. Sales of toothpastes, led by Babool, Dabur Red and Meswak, reported a 27% Y-o-Y growth.
The company announced a final dividend of of 75% for 2007-08 aggregating pay out of Rs 64.80 crore. Overseas sales grew by 25.5% in 2007-08 with strong performances across most focus markets.
Raymond Q4 net dips 98%
Raymond posted a net profit increase of 98% at Rs 21.17 crore for the fourth quarter ended March 31, 2008 as against Rs 10.68 in the same quarter previous year.
Sales for the quarter jumped 25% at Rs 445.01 crore as compared to Rs 357.09 crore for the same period.
However, net profit for the fiscal ended March 31, 2008 dipped 85% at Rs 21.06 crore as against Rs 139.99 crore during the previous fiscal.
Announcing the results, Gautam Hari Singhania, CMD, Raymond Ltd said, ?The textile market continues to be buoyant and to capitalise on the emerging opportunities the systems and processes at Raymond underwent an unprecedented change.
This transition to the ERP environment resulted in initial internal impediments.? He added that the company was confident of improving their topline and bottomline figures inthe ensuing fiscal.