FMCG major Dabur India (consolidated) has shown a sharp rise of 17.59 per cent in its net profit for the fourth quarter of fiscal 2012-13 at Rs 200.55 crore, against Rs 170.51 crore in the year-ago period.
Anand C. Burman, Chairman, attributed this jump to booming demand from the rural markets, despite slight moderation in demand in the urban centres.
Boosted by strong growth in its business verticals — health supplements, over-the-counter healthcare, hair products, food and home care goods — the company’s net sales witnessed a 12 per cent rise, at Rs 1,531.09 crore, during the fourth quarter of 2012-13.
According to a company statement, Dabur’s board of directors has recommended a final dividend of 85 per cent, taking the total dividend for the year to 150 per cent.
“Continuing with our payout policy, the board has proposed a final dividend of 85 paise per share, aggregating to Rs 173.33 crore,” Burman said.
The company’s profit for the fiscal 2012-13 with an 18.37 per cent growth in net profits at Rs 763.42 crore, up from Rs 644.89 crore during the earlier fiscal. Dabur’s net sales for the fiscal also saw a 16.3 per cent jump at Rs 6,146 crore.
According to a company statement, international markets — especially the Gulf region, Bangladesh — have recorded a robust growth of 17 per cent growth during fiscal 2012-13. These markets are likely to boost growth for the company.