Dabur India hits record high after strong Q4 results

The company announced Q4 results during trading hours today, 30 April 2013.

Meanwhile, the S&P BSE Sensex was up 135.54 points or 0.7% at 19,523.04.

The stock rose on high volumes. On BSE, 13.04 lakh shares were traded in the counter as against average daily volume of 1.31 lakh shares in the past one quarter.

The stock hit a high of Rs 155.85 so far during the day, which is a record high for the counter. The stock hit a low of Rs 144.80 so far during the day. The stock had hit a 52-week low of Rs 101.25 on 5 June 2012.

The stock had outperformed the market over the past one month till 29 April 2013, surging 7.22% compared with the Sensex's 2.93% rise. The scrip had outperformed the market in past one quarter, jumping 13.3% as against Sensex's 3.02% fall.

The large-cap company has equity capital of Rs 174.29 crore. Face value per share is Re 1.

Dabur India said that the growth in net sales in Q4 March 2013 was driven by strong growth across key categories like health supplements, OTC health care, hair care, foods & home care. The company said it has reported decent growth in net profit in Q4 March 2013 braving macro headwinds and business disruptions in certain geographies.

Dabur India's consolidated net profit rose 18.37% to Rs 763.42 crore on 16.3% growth in net sales to Rs 6146.38 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Commenting on the company's performance, Mr. Sunil Duggal, CEO, Dabur India, said, "The domestic Consumer (FMCG) Business reported an over 15% growth during the quarter, driven by a volume growth of over 12%. This is the highest volume growth reported by Dabur in 11 straight quarters. The business has performed well on all operating parameters. Our strong performance reflects the robustness of our business model and our ability to efficiently manage the emerging challenges. We have managed our business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies to deliver profitable and sustainable growth. Dabur recorded a 21.6% growth in EBITDA during the quarter".

Dr. Anand C Burman, Chairman Dabur India said, "Dabur has laid the foundation for strong and profitable growth in the future and these initiatives have already started to yield positive results with demand from the hinterland growing at a much faster pace and more than making up for the slight moderation in demand from the urban markets".

Dabur India's board of directors at a meeting held today, 30 April 2013, recommended dividend of 85 paise per share for FY 2013.

Dabur India is one of India's leading FMCG companies. The company is also a world leader in ayurveda with a portfolio of over 250 herbal/ayurvedic products. Dabur today operates in key consumer products categories like hair care, oral care, health care, skin care, home care and foods.

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