Business Daily from THE HINDU group of publications
Thursday, Oct 25, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Oct 25, 2007 ePaper | Mobile/PDA Version |
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Financial Performance Corporate Results - Personal Products Corporate - Dividend Announcement
Our Bureau New Delhi, Oct. 24 Dabur India Ltd on Wednesday announced a double-digit increase in its standalone and consolidated net profit with sales driven mainly in the oral care, health supplements for the second quarter ended September 30, 2007. “Dabur India has recorded growth in key categories like oral care, health supplements, digestives and home care. The consumer care division, the largest business unit within Dabur India reported 14 per cent growth during the second quarter of the current financial year,” said Mr Sunil Duggal, Chief Executive Officer, Dabur India in a statement. He said that the company was able to improve its EBITDA margin by 90 bps during the period on the account of effective cost management in the backdrop of easing inflationary pressures. Interim dividendThe company’s board of directors announced an interim dividend of 75 per cent for the current financial year. “Continuing with our payout policy, Dabur India has approved an interim dividend of 75 per cent for the current fiscal, aggregating to a payout of Rs 64.80 crore,” said Dr Anand Burman, Chairman, Dabur India Ltd. In the consolidated revenues, the company’s international business recorded a 31 per cent growth in in the first half of the year mainly from GCC and African markets. The company’s sales in GCC region rose by 42.3 per cent, in Egypt by 47 per cent and in the US by 64 per cent, added Group Director, Mr PD Narang. Dabur unveils roadmap to double sales, profits Dabur lathers up soaps segment with new strategy Dabur turns around Balsara's oral, home care brands Dabur Q1 net up 37.5 % More Stories on : Financial Performance | Personal Products | Dividend Announcement | Dabur India Ltd
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