FMCG major Dabur India today reported a 19 per cent increase in consolidated net profit at ₹397.18 crore for the fourth quarter ended March 2018 on strong volume growth and rise in operating margin. The company had posted a net profit of ₹ 333.65 crore in the January-March period a year ago.

Total income during the quarter grew 6.38 per cent to ₹ 2,106.15 crore, against ₹ 1,979.72 crore in the corresponding quarter a year ago.

“We have delivered another strong performance in the quarter with our India operating margin touching a historical high of 27.2 per cent. Our operating margin has increased on the back of improved operating efficiencies and judicious cost management,” said Dabur India CEO Sunil Duggal.

Dabur’s total Q4/FY2017-18 expenses were up 3.56 per cent to ₹ 1,603.50 crore as against ₹ 1,548.30 crore.

“The domestic FMCG business reported an underlying volume growth of 7.7 per cent during the quarter,” Dabur India said in a statement.

Its revenue from consumer care business was up 8.16 per cent to ₹ 1,677.40 crore in the fourth quarter of FY 2017-18 as against ₹ 1,550.84 crore in the corresponding quarter a year ago.

Its revenue from food business was down 1.54 per cent to ₹ 293.40 crore as against ₹ 298.01 crore in the corresponding period of the previous fiscal.

Retail business was also down 9.33 per cent to ₹ 27.89 crore during the quarter as against ₹ 30.76 crore. The other segment was also down 15.39 per cent to ₹ 24.84 crore as against ₹ 29.36 crore.

Dabur’s international sales in January-April period were up 16.8 per cent in constant currency terms.

“Sales in GCC markets grew 51 per cent led by Saudi Arabia which reported an 82 per cent growth during the quarter. The Business in Egypt reported a 38 per cent growth while sales in Nepal grew by around 19 per cent,” it added.

For the financial year 2017-18, net profit was up 6.04 per cent to ₹ 1,357.74 crore as against ₹ 1,280.31 crore in FY 2016-17.

Its total income was at ₹ 8,053.52 crore, marginally up to 0.67 cent in 2017-18 as against ₹ 7,999.79 crore in the previous fiscal.

Dabur has also recommended 625 per cent dividend, which is ₹ 6.25 per equity share having face value of Re 1 each for the financial year 2017-18.

“The board of directo₹ today recommended a dividend of 625 per cent, which includes a final Dividend of 125 per cent and a one-time special dividend of 500 per cent. This brings the Total Dividend for the year to 750 per cent,” the company said.

Shares of Dabur India were trading at ₹ 369.70 on BSE, up 0.90 per cent. PTI KRH MKJ 05011631

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