Dabur India Limited announced its January-March quarter results for the financial year 2020-21 on Friday, May 7, reporting a 34 per cent rise in net profit on a consolidated basis to ₹ 378 crore, compared to ₹ 281 crore in the corresponding quarter of the previous fiscal. According to a regulatory filing by the FMCG major to the stock exchanges today, Dabur’s revenue increased 25 per cent to ₹ 2,337 crore, compared to ₹ 1,865 crore in the year-ago period.
The company reported a total income of Rs 2,421.77 crore in the January-March quarter of fiscal 2020-21, compared to Rs 1,941.13 crore in the corresponding quarter last year.
According to the statement, the company’s board of directors recommended a final dividend of ₹ 3 per equity share, having face value of Re 1 each, or 300 per cent, for the financial year 2020-21. Dabur stated that the company’s growth was on the back of efforts to drive demand for its ayurvedic healthcare, foods, and nutrition products, along with a greater focus on the expansion of distribution.
Dabur also recorded a sequential revival in discretionary spending which supported the home and personal care business grow by 32.6 per cent. The company’s oral care category was the outperformer in this category, reporting more than 42 per cent growth during the fourth and last quarter of the fiscal 2020-21. The toothpaste segment also witnessed a surge of 45 per cent.
On Friday, shares of Dabur India settled 1.97 per cent lower at ₹ 534.70 apiece on the BSE. Dabur opened on the BSE at ₹ 550, registering an intra day high of ₹ 550, and an intra day low of ₹ 532.50, throughout the session.
Report by Chetali S M
Reported on – 08/05/2021