Dabur Q3 Net Jumps 47% To Rs 30 Crore

New Delhi, Jan 28: | Updated: Jan 29 2004, 05:30am hrs
Dabur India, on Wednesday, reported a 47.4 per cent growth in its net profit, up from Rs 20.23 crore to Rs 29.81 crore, during the third quarter ended December 31, 2003. The turnover, during the same period, increased by 11.4 per cent from Rs 301.51 crore to Rs 335.93 crore.

During the nine-month period, the company recorded a growth of 38.7 per cent in its net profit, grown from Rs 53.8 crore to Rs 74.61 crore. The turnover during this period has increased by 8.3 per cent from Rs 794.35 to Rs 860.05 crore.

Overall the company gained on account of new launches, stronger communication and better fiscal discipline during the quarter. The hair care and oral care categories recorded good growth while healthcare segment showed considerable growth as a result of superior marketing mix. The company also reduced its Net Working Capital and repaid loans to the extent of Rs 34 crore which reduced interest cost, Sunil Duggal, CEO, Dabur India, said.

The board also adopted the whistle blower and protection policy for the employees. The policy, named as Direct Touch, has been adopted with a view to encourage the employees and business associates of Dabur India to report unethical business practices, if any, at the workplace to the senior management of the company without fear of reprisal.