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Dabur Q4 net up 47%
By siliconindia Delhi Bureau
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Thursday, 06 May 2004, 19:30 IST
NEW DELHI : Dabur India has reported a 46.9% increase in net profit to Rs 26.6 crore and a 13.3% increase in revenue to Rs 287.9 crore in the quarter ended March 31, 04 .
The company registered a 40.6% growth in net profit during FY04, from Rs 72 crore to Rs 101.2 crore. Sales increased 9.5% to Rs 1,148 crore from Rs 1,048.5 crore during the same period.
The Dabur board, which met on Wednesday, declared a 140% final dividend to its shareholders. With this, the total dividend increases to 200%, which includes the interim dividend of 60% announced by the company in September last year.
This is the highest dividend declared by the company till date, said VC Burman, chairman, Dabur India .
The company has decided to focus on the EVA concept (economic value added) and has been able to generate an additional Rs 68 crore during the year. We will drive this concept forward in the coming years with greater thrust and commitment, said PD Narang, group director, corporate affairs, Dabur India .
Dabur Foods, a subsidiary of Dabur India , has posted a 24.1% increase in sales and closed at Rs 85.8 crore during fiscal 03-04.
The company recorded a net profit of Rs 1.5 crore during the period under review. Daburs international business, which comprises of its operations in Dubai , Nepal , Egypt and Bangladesh , accounted for 9.6% of Daburs consolidated sales last fiscal.
The company posted a turnover of Rs 128 crore from its international operations, with a net profit of Rs 8.3 crore during the fiscal.
Daburs International business has been primarily in the investment mode this year to give scale to our overseas operations. The company acquired Red Rock in Dubai for $5m. We plan to make more investments in some Asian countries next year, said Arvind Kumar, CEO, Dabur International.