In a board of directors’ meeting, India’s leading FMCG Dabur India Limited, declared its unaudited financial results for the quarter ended June 30, 2011. Riding on the strong demand across its key categories, calibrated price hikes and stringent cost-saving initiatives, the company mitigated the impact of rising input costs to end the first quarter of 2011-12 financial year with a 31.6 percent rise in consolidated sales. Gross sales for the first quarter 2011-12 stood at Rs 1216.24 crore, which includes income from the recently-acquired Hobi Kozmetik of Turkey and Namasté Laboratories of the US.
“Dabur has been reporting strong and consistent performance despite inflation and competitive pressures intensifying in some key categories. In order to minimise the impact of high input costs, the company has put in place calibrated price hikes. This helped Dabur record a 27.8 percent growth in EBITDA during the first quarter,” said Sunil Duggal, CEO, Dabur India Ltd.
Dabur’s international business also recorded a strong 98.9 percent surge during the quarter, led by robust performance in Nigeria, Egypt and GCC and income from the newly acquired overseas companies. “Nigeria reported a strong performance, growing by 33 percent during the quarter, while the Egypt and GCC businesses grew by 30 percent. Shampoos, hair creams and toothpastes were the key growth drivers in the international markets,” said P D Narang, Group Director, Dabur India Ltd.
Source: http://www.worldpressonline.com
