Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Dabur India Q1 Consolidated Net Profit surges 10.3%

Posted On: 2019-07-19 18:07:59

The Board of Directors of Dabur India Ltd (DIL) met today to consider the unaudited financial results of the company for the first quarter ended June 30, 2019.

A robust distribution expansion strategy in rural India coupled with higher investments behind our Power Brands and a revamp of the Supply Chain infrastructure helped Dabur India Ltd mitigate the impact of macro-economic headwinds to post a 9.3% jump in Consolidated Revenue for the first quarter of 2019-20 financial year. Dabur India Ltd Consolidated Revenue for Ql of 2019-20 stood at Rs 2,273 Crore, up from Rs 2,081 Crore a year ago.

Consolidated Net Profit for the first quarter marked a 10.3% growth to Rs 363 Crore, up from Rs 329 Crore in the same quarter last year.

Dabur's Standalone India Revenue for the quarter grew by 10.5% at Rs 1,628 Crore in Ql of 2019-20, while Standalone Net Profit was up 11.8% to Rs 258 Crore. The domestic FMCG business reported a Volume Growth of 9.6% during the quarter.

"While the macroeconomic environment continues to be challenging with an overall demand slowdown in India and competitive intensity remaining high, we have executed well on our distribution expansion strategy in rural India which has resulted in consistent improvement of our performance. Our rural footprint has been expanded to over 48,000 villages now, up from 44,000 villages in March 2019. For Dabur, rural demand is growing ahead of urban. With this, we have built a strong foundation for sustainable profitable growth. We have efficiently managed the risks and challenges to post an 18.5% growth in our Operating Margin for the quarter," Dabur India Ltd Chief Executive Officer Mr. Mohit Malhotra said.

Despite tough operating conditions and high competitive pressures, Dabur brands reported a robust performance during the quarter, growing ahead of the market, delivering strong double-digit growth and gaining market share across key categories like Health Supplements, Hair Care, Oral Care and Foods. "Our increased focus on the Consumer Health space and disproportionately higher investments behind our Power Brands have started paying dividend. We will continue to invest behind our brands, accelerate on product innovation efforts, and enhance our capabilities for sustainable future growth," Mr. Malhotra said.

Category Growths

The Health Supplements business for Dabur ended Ql with a 19.6% growth. The Digestives category, led by Hajmola and PudinHara, ended the quarter with an 18.2% growth. The OTC and Ayurvedic Ethicals business grew by 14.5% during Ql. While the Hair Oil business, led by strong demand for Dabur Amla Hair Oil, reported a 12.1% growth, the Shampoo category grew by around 11%. The Skin Care category grew by over 12%, while the Toothpaste business, led by strong demand for Dabur Red Paste, posted an 11.4% growth during the first quarter. The Home Care business grew by nearly 11% during the first quarter of 2018-19.

During the quarter, Dabur's International Business reported a 7.7% growth, in constant currency terms, led by Turkey, which grew 40.7%.

Shares of DABUR INDIA LTD. was last trading in BSE at Rs.421 as compared to the previous close of Rs. 429. The total number of shares traded during the day was 700301 in over 10776 trades.

The stock hit an intraday high of Rs. 435.15 and intraday low of 415.7. The net turnover during the day was Rs. 297337843.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Shaily Engineering Plastics Limited clarifies on media reports regarding GST Search

Welspun Corp Ltd bags contracts for supply of 179 KMT pipes

Maharashtra Seamless secures Prestigious ONGC Orders

NBCC India Ltd receives order from Deparment of Revenue

GST search in Shaily Engineering Plastics Ltd's Rania Unit

Ecoplast Ltd to shut down Guwahati plant of subsidiary

KNR Constructions Ltd receives work order of Rs. 165.67 crores

Urja Global Ltd enters into JV for Electric Car

Banco Products India Ltd approves disinvestment

Bank of India board approves fund raising through issue of upto 125 crore shares

Ind-Ra affirms JK Paper's long-term issuer rating

Security and Intelligence Services India Ltd to acquire 51% in Adis Enterprises Pvt Ltd

ITC Ltd acquires stake in Delectable Technologies Pvt. Ltd.

Dynacons recognized as part of the Deloitte Technology Fast 50 India 2019

TCS' Advanced Drug Development Suite wins the India Pharma Award 2019

Zensar Partners with Education Africa to support students of Business Management

Fire at Oriental Aromatics Ltd's catalyst plant

Mitsu Chem Plast Ltd Board to consider Bonus Issue

Shri Jairam Sridharan, CFO of AXIS Bank resigns

Carnation Industries Ltd shuts plant for maintenance, repays dues to SBI, PNB

Issue of US$ 500 Million 3.50 Per Cent Notes By REC Limited

Vascon Engineers Ltd receives Rs. 132.69 crores work order from AAI

KEC International wins New Orders of Rs. 1,025 crore

RBI imposes penalty of Rs. 25 lakh on Andhra Bank

JSW Steel Ltd to seek clarifications on NCLAT order

G Bank, Myanmar Selects Infosys Finacle to Power its Growth

Thomas Cook India's Regional Maharashtra Tours witness a surge in demand of 27% from the State

Maruti Suzuki to proactively recall 63,493 Petrol Smart Hybrid variants of Ciaz, Ertiga and XL6 models

Dr. Reddy's Laboratories announces the launch of D.eferasirox Tablets for Oral Suspension, in the U.S. Market

Granules India Ltd clarifies on presence of NDMA in Metformin manufactured by the company

Bajaj Finance participates in QIP of RBL Bank Ltd

Cadila Healthcare Ltd receives EIR for API facility at Dabhasa, Gujarat

RBL Bank successfully closes QIP, raises Rs. 2,025 Crore

CARE revises ratings of Shakti Pumps India Ltd

Aite Group Names Majesco the Top 'Best-inClass' Vendor in the P&C Policy Administration Aite Matrix Report

Liberty Mutual Enhances Commercial Insurance Underwriting through Mastery of Big Data, adding more value to Brokers and Buyers

Shortlisted ideas from the European Tour Innovation Hub with Tata Communications show how latest digital technologies could revolutionise golf

Mercator Ltd board approves sale of PI in oil block

Pennar Industries bags orders worth INR 302 Crore

ICRA assigns credit ratings to NELCAST Ltd

Affle launches Vizury Engage360 to simplify omnichannel marketing

CARE A+ rating of Equitas Small Finance Bank Ltd reaffirmed

Reliance Power Ltd updates on rating action by Ind-RA

Moody's downgrades Yes Bank's ratings, assigns negative outlook

CARE reaffirms rating of NACL Industries Limited

Narayana Hrudayalaya announces discontinuation of Hospital Project in Kenya

Renascent Power acquires 75.01% stake in Prayagraj Power Generation Company Ltd

Sadbhav Tumkur Highway Private Ltd signs termination of concession agreement with NHAI

Nirlon Ltd, J.P. Morgan Sign Real Estate Transaction in Mumbai

Gati launches itself into the next phase of growth with All Cargo Logistics & Kintetsu World Express, Japan







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019