Our Bureau Riding on the strong growth momentum across categories and geographies, Dabur India posted a consolidated net profit of ₹397.18 crore for the quarter ended March 31. This was 19.04 per cent higher than the net profit of ₹333.65 crore recorded in the corresponding quarter in FY2016-17.

Consolidated total income for the period under review grew by 6.38 per cent to ₹2,106.15 crore against ₹1,979.72 crore in the year-ago period.

The company said its domestic FMCG business reported an underlying volume growth of 7.7 per cent in the quarter. The company’s international business reported 16.8 per cent growth in constant currency terms during the quarter.

For the full year, the company’s consolidated net profit was up 6.04 per cent at ₹1,357.74 crore compared to the previous year. Consolidated total income grew marginally by 0.67 per cent to ₹8,053.52 crore in FY2017-18.

Special dividend

The company’s board has recommended a dividend of ₹6.25 a share (face value ₹1), which includes a final dividend of ₹1.25 per share for FY18 and a special dividend of ₹5 a share. “To mark the 25th year of Dabur’s listing on the stock exchanges, the board has proposed a special dividend of ₹5 a share in addition to the final dividend of ₹1.25 a share, aggregating to ₹1,327.25 crore, including dividend tax,” Dabur India Chairman Anand C Burman said in a statement.

Sunil Duggal, Chief Executive Officer, Dabur India, said the company has efficiently managed challenges to deliver steady growth. “We are witnessing early signs of revival in consumer sentiment, especially in rural India. Favourable monsoons and a likely stimulus by the government is expected to further boost rural demand,” Duggal added.

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