FMCG major Dabur India
on Monday posted a 13.4 per cent jump in its consolidated net profit to Rs 644.89 crore for the fiscal ended 2011-12, while its sales crossed $1 billion mark driven by robust growth in domestic as well international markets.The company
had posted a net profit of Rs 568.58 crore in the 2010-11 fiscal.
For the 2011-12 fiscal, the company's net sales rose by 29.5 per cent to Rs 5,283.17 crore, as compared to Rs 4,077.43 crore in 2010-11.
Commenting on the results
Dabur India CEO Sunil Duggal said, "We have managed our business dynamically through a combination of judicious price increases and greater focus on cost efficiencies to deliver profitable and sustainable growth."
The performance during the year has been satisfying with significant growth across all key brands, he added.
The company's board, which met on Monday, recommended a final dividend of 75 per cent, which brings the total dividend for the year to 130 per cent.
"Continuing with our payout policy, the board has proposed a final dividend of Re 0.75 per share, aggregating to Rs 151.86 crore," Dabur India Ltd Chairman Anand Burman said.
Riding on strong growth across key categories like hair oil, health supplements, foods and homecare, the company's fourth quarter sales jumped 23 per cent to Rs 1,363.58 crore.
The company's net profit for the fourth quarter marked a 16 per cent growth to Rs 170.52 crore, as against Rs 147.01 crore a year earlier.
Dabur's international business grew by 45.8 per cent during the fourth quarter of 2011-12 fiscal, led by strong performance in Gulf countries, Egypt and Nigeria.