STOCK MARKET BSE NSE

Dabur Q4 Net Grows 16.5 Percent; to Set up Rs 250-Crore Plant in Assam

FMCG firm Dabur reported 16.56 per cent increase in consolidated net profit at Rs 331.93 crore for January-March.

Published: 28th April 2016 05:38 PM  |   Last Updated: 28th April 2016 05:38 PM   |  A+A-

By PTI

NEW DELHI: FMCG firm Dabur today reported 16.56 per cent increase in consolidated net profit at Rs 331.93 crore for January-March period and also announced setting up of a Rs 250-crore facility at Tezpur in Assam.

"In order to meet the growing demand for products of the company, the Board of Directors of the company in its meeting held on April 28, 2016, has approved a capex of Rs 250 crore for setting up a manufacturing plant at Tezpur, Assam which shall be financed through Internal Accruals," the company said in a BSE filing.

The plant is likely to commence operations in 2017, the company added.

Dabur's net sales moved up by 10.92 per cent to Rs 2,157.31 crore in the last quarter of 2015-16, compared to Rs 1,944.81 crore in the year-ago period.

"We had to deal with a tough economic environment characterised by extreme volatility in currency, as well as geopolitical disturbances in key geographies. We have taken steps to efficiently manage the emerging risks and challenges," Dabur India CEO Sunil Duggal said.

He further said: "Our performance indicators reflect the success of our strategy. Our domestic FMCG business grew at 8.5 per cent during the fourth quarter of 2015-16, led by 7 per cent volume growth."

Dabur's International business reported an around 16 per cent growth, led by Egypt, Nepal, Dubai, Bangladesh and the US.

The company said it will leverage its strong herbal heritage and product portfolio to take advantage of the growing consumer preference for natural and Ayurvedic products.

For the entire 2015-16, Dabur's net profit stood at Rs 1,252.71 crore, as against Rs 1,065.83 crore in the previous financial year.

Its net sales in the year ended March 31, 2016, stood at Rs 8,435.95 crore compared with Rs 7,806.37 crore in the previous year.

The board has proposed a final dividend of Re 1 per share, the company said.

Shares of Dabur closed at Rs 269.40 apiece on the BSE, down 1.05 per cent, from previous close.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp