Dabur India net jumps 18% to Rs 54 crore

On the back of strong growth in its oral care and health supplements portfolio, personal care and foods company Dabur India today reported a 18 per cent increase in net profit for the first quarter of 2007-08.

Profits for the quarter under review were Rs 54.06 crore compared with Rs 45.84 crore in the corresponding previous quarter. Consolidated profits including international businesses and the recently merged foods division of the company grew at 31 per cent to Rs 62.2 crore (Rs48.2 crore). 
 

Rs crore	Quarter ended June
	2006	2007
Net sales	335.81	445.31
Other income	4.98	5.73
Expenditure	286.55	379.69
OP	54.24	71.35
Net profit	39.66	54.06
EPS (Rs)	0.69	0.63
Source: BSE

Dabur India merged Dabur Foods with itself effective April this year.

The consolidated turnover of the company for the quarter marked a 20 per cent growth to Rs 570.9 crore (Rs 475.5 crore).

The foods business reported a 37.5 per cent growth in sales during the first quarter of the financial year, while the international business recorded a 54 per cent growth in the quarter.

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Rejigs board

Dabur India today announced a reconstitution of its board following the stepping down of Chairman V C Burman to make way for the younger generation.

Anand Burman, currently vice-chairman of the company was elevated to the chairman's post, while Amit Burman who was at the helm of erstwhile subsidiary Dabur Foods was appointed the new vice-chairman of the company.

V C Burman said in a statement, "The board reconstitution will provide a renewed vigour to the company's growth and give the younger generation an opportunity to contribute to the company's leadership position."