The Hindu Business Line : Dabur India clocks 58% higher profit

DABUR India Ltd (consolidated) today announced 58.38 per cent higher net profit at Rs 43.27 crore for the fourth quarter ended March 31, 2005 on 15.11 per cent growth in net sales to Rs 394.95 crore.

For the full year ended March 31, 2005, the company's net profit grew 43.62 per cent to touch Rs 157 crore on 15.6 per cent higher net sales at Rs 1,536.95 crore.

The company also announced a final dividend of 150 per cent.

DIL consolidated takes into account DIL and its subsidiaries including Dabur Nepal, Dabur Foods, Pasadensa Foods, Dabur Egypt, Dabur Overseas, Dabur International, Weikfield International, African Consumer Care and Asian Consumer Care.

Independently, DIL's net profit was higher by 55 per cent at Rs 41.23 crore during the quarter under review, with net sales growing by 8.63 per cent to Rs 312.77 crore.

For the 12 months ended March 31, 2005, the net profit grew by 46.27 per cent at Rs 148.03 crore on 10.52 per cent growth in net sales to Rs 1,268.72 crore.

Speaking after the meeting of DIL's board of directors, CEO Mr Sunil Duggal, said of the acquired brands, Balsara's oral care portfolio would be brought under the

Dabur brand umbrella but the four home care brands will continue to operate in a stand-alone basis for the time being.

DIL's advertising and marketing budget will be substantially hiked this year, he said.

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