Dabur India has posted a consolidated net profit of ₹284.8 crore for the quarter ended March 31, 2015, up 21 per cent from ₹235.3 crore in the corresponding quarter previous year.
Consolidated net sales grew by 10.2 per cent to ₹ 1,944.8 crore from ₹ 1,764 crore in the corresponding quarter last year.
The company’s board has recommended a final dividend of 75 per cent which brings the total dividend for the year to 200 per cent. “Continuing with our payout policy, the Board has proposed a final dividend of ₹0.75 per share, aggregating to ₹158.56 crore, including Dividend Tax,” said Chairman Anand C Burman.
Dabur India said while the overall macro environment continues to be challenging, consumer demand has started showing signs of recovery, which helped it report a strong volume-led growth across categories during the fourth quarter.
It ended the 2014-15 fiscal with a 10.7 per cent growth in net sales to ₹7,806.4 crore, up from ₹7,054.1 crore a year earlier. Net profit for the fiscal stood at ₹1,065.8 crore up 16.6 per cent from ₹913.92 crore a year earlier.
Sunil Duggal, Chief Executive Officer, said: “The gradual improvement in the consumption environment has helped our business perform well on all operating parameters. Our robust business model and our ability to efficiently manage the external challenges have helped us report a strong and consistent performance even in the face of intensifying competitive pressures.”