Dabur India scales record high amid volatility after strong Q1 results

Dabur India rose 1.26% to Rs 173 at 15:06 IST on BSE after consolidated net profit rose 25% to Rs 187.04 crore on 13% growth in revenue to Rs 1651.10 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 24 July 2013.

Meanwhile, the S&P BSE Sensex was down 220.94 points or 1.09% at 20,081.19.

On BSE, 5.74 lakh shares were traded in the counter as against average daily volume of 1.25 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.22% at the day's high of Rs 174.65 so far during the day, which is also a record high for the counter. The stock lost as much as 2.66% at the day's low of Rs 166.30 so far during the day. The stock had hit a 52-week low of Rs 113.40 on 26 July 2012.

The stock had outperformed the market over the past one month till 23 July 2013, surging 10.8% compared with the Sensex's 8.14% jump. The scrip had also outperformed the market in past one quarter, jumping 20.06% as against Sensex's 5.85% rise.

The large-cap FMCG firm has equity capital of Rs 174.36 crore. Face value per share is Re 1.

Dabur India's consolidated profit after tax (PAT) excluding exceptional items rose 20.7% year on year (YoY) in Q1 June 2013. PAT margins improved to 11.3% from 10.2% in Q1 June 2012. Consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 15.5% to Rs 277.50 crore in Q1 June 2013 over Q1 June 2012. EBITDA margin expanded 40 basis points (bps) to 16.8% from 16.4% a year ago.

Dabur India CEO Mr. Sunil Duggal said, "Despite signs of an economic downturn and increased competitive intensity in the market, Dabur India has reported strong volume growth in its key categories. Our domestic FMCG business grew at a strong 13.2%, driven by a volume growth of 9%. The business has performed well on all operating parameters. We have managed our business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies. The macro-economic pressures notwithstanding, we remain on course to strengthen our brand portfolio and improve our competitiveness in the market place".

Dabur's international business (including acquisitions) registered a YoY growth of 17.5% in Q1 June 2013, led by Egypt, GCC and Nepal. "In a challenging business environment, we are managing our business dynamically to ensure that we remain competitive and cost efficient", said Dabur India Group Director Mr. P. D. Narang.

Dabur India is one of India's leading FMCG companies. Dabur operates in key consumer products categories like hair care, oral care, health care, skin care, home care and foods.

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