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.