Dabur Q4 consolidated net profit surges 34.4% to Rs378cr

Q4 Revenue Up 25.3% at Rs 2,337 Crore; Dom. FMCG Volume Growth at 25.4%.

May 07, 2021 03:05 IST India Infoline News Service

On Friday the Board of Directors of Dabur India Ltd has announced the audited financial results of the Company for the quarter and full year ended March 31, 2021.

Dabur India leveraged the emerging growth opportunities and braved the growing headwinds to continue its double-digit Sales momentum in the fourth quarter of 2020-21 financial year.

Riding on sustained efforts to drive demand for its Ayurvedic Healthcare, Foods and Nutrition products businesses, coupled with the increased focus on distribution expansion, Dabur India Ltd reported a 25.3% jump in Consolidated Revenue for the fourth quarter ended March 31, 2021.

The Q4 2020-21 Consolidated Revenue stood at Rs2,337cr, up from Rs1,865cr a year earlier. Consolidated Net Profit for the Quarter surged 34.4% to Rs378cr from Rs281cr a year earlier.

Dabur’s Standalone Revenue rose 30.3% to Rs1,722cr during the quarter.

For the 2020-21 financial year, Dabur India Ltd reported a 10% growth in Consolidated Revenue at Rs9,562cr, while Consolidated Net Profit was up 17.2% to Rs1,693cr. Dabur continued to gain Market Share across all key categories like Shampoos, Toothpaste, Hair Oils, Chyawanprash and Packaged Juices & Nectars, during the quarter and the full year.

“In a challenging market environment, we have delivered another consecutive quarter of double-digit, profitable Sales growth. Our strategic business transformation exercise to develop and implement aggressive growth strategies in our core business areas has led to a more flexible company, helping us successfully navigate the emerging headwinds. Dabur's financial situation remains strong with a 25.6% growth in our Operating Profit during Q4 2020-21. Our India FMCG Business led the growth with a 28.3% surge, with an underlying best-ever FMCG Volume Growth of 25.4% during the fourth quarter of 2020- 21,” Dabur India Ltd Chief Executive Officer Mohit Malhotra said.

Dabur's International Business continued to move ahead on the growth trajectory with a 19.4% jump in INR terms and 21% in Constant Currency terms. The Dubai business grew by over 25%, while the Egypt business was up nearly 24% and the SAARC business posted a growth of 29%.

The Board of Directors today recommended a Final Dividend of 300%. “The Board has proposed a dividend of Rs 3.00 per share, aggregating to Rs. 530.23 Crore,” Dabur India Ltd Chairman Amit Burman said.

At around 3:25 PM, Dabur India was trading at Rs535.35 per piece down by Rs10.1 or 1.85% on Sensex.

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