DABUR INDIA LTD
FY 10 VS FY 09
RESULTS
COMPARISON
CONSOLIDATED
Dabur India has performed well in FY10 – as indicated by its consolidated results below:
Net Sales Income has increased by 20.89% to Rs.3391Cr in FY 10 (from Rs.2805 Cr in FY09).
Total Expenditure has also increased, but less than proportionately by 18.18% to Rs.2818 Cr from last year’s Rs.2384 Cr.
Consequently, the Consolidated Net Profit has gone up by 28.63% to Rs.503.23 Cr from last year’s Rs.391.21 Cr
On a face value of Rs.1/- the Basic EPS before EI has gone up to Rs.5.8 from last year’s Rs.4.52 – an increase of 28.32% YOY.
The Scheme of Amalgamation of Fem Care Pharma Limited (FEM) with Dabur India Limited (DIL) from the appointed date of amalgamation being April 1, 2009, has become effective on 18th June, 2010. Hence future results will include those of Femcare as well. The amalgamation will improve the sales and profitability of Dabur further.
Dabur is aggressively promoting its AMLA (Renamed as NELLI for south India) Hair oil now in the south, to counter its competitors’ coconut hair oil.
The company's international business grew by 26.3 per cent in FY10 – specially in the GCC, Egypt, Nigeria, Levant and North African markets. The company is now planning overseas acquisition in current year, particularly in the personal care and healthcare segment, in the Middle-East and African countries. It will also promote its sales very aggressively in current year in these markets where it has a presence already.
The company may grow at rates of over 15 % in future also.
On the back of all these positive factors - On the current market price of Rs.186, its current PE ratio works out to 32.07. Further appreciation will depend on the actual growth in profits on Femcare amalgamation etc.
FY10(lakhs) | Dif%age | ||
Net Sales | 339137 | 280543 | 20.89 |
Other Oprtng.Income | 2435 | 2555 | -4.7 |
SIT & WIP | -1028 | -3976 | -74.14 |
Raw Materials | 133126 | 126116 | 5.56 |
Traded goods | 22977 | 15478 | 48.45 |
Employees Cost | 28474 | 23470 | 21.32 |
Depreciation | 5027 | 4486 | 12.06 |
Other Expenditure | 93180 | 72848 | 27.91 |
Total Expenditure | 281756 | 238422 | 18.18 |
Profit from Operations | 59816 | 44676 | 33.89 |
Other Income | 1508 | 2129 | -29.17 |
Profit before I & EI | 61324 | 46805 | 31.02 |
Interest | 1232 | 2321 | -46.92 |
P.A.INT.B.EI | 60092 | 44484 | 35.09 |
Exceptional items | - | - | |
Profit before tax | 60092 | 44484 | 35.09 |
Tax Expense | 9850 | 5404 | 82.27 |
Net Profit after tax | 50242 | 39080 | 28.56 |
Extraordinary Items | - | - | |
Net Profit | 50242 | 39080 | 28.56 |
Minority Interest | -81 | -41 | 97.56 |
Shares of Associates | - | - | |
Other Related Items | - | - | |
Consol.Net Profit | 50323 | 39121 | 28.63 |
Dividend (%) | - | - | |
Face Value (in Rs.) | 1 | 1 | 0 |
Paid-up Equity | 8690 | 8651 | 0.45 |
Reserves | 84849 | 73229 | 15.87 |
Basic EPS before EI(Rs.) | 5.8 | 4.52 | 28.32 |
Diluted EPS B.EI(Rs.) | 5.78 | 4.5 | 28.44 |
Basic EPS A.EI(Rs.) | 5.8 | 4.52 | 28.32 |
Diluted EPS A.EI(Rs.) | 5.78 | 4.5 | 28.44 |
NON-CONSOLIDATED
The stand alone results also indicate a similar pattern.
Net Sales has increased by 19.23% to Rs.2857 Cr from last year’s Rs.2396 Cr.
Net Profit has increased by 15.95% to Rs.433.15 Cr from Lat year’s Rs.373.56 Cr.
Dividend is enhanced to 200% from Last year’s 175%.
Basic EPS has increased to Rs.4.99 from Last year’s Rs.4.32on a FV of Rs.1.
Dabur has been consistently improving its sales and profits over the years and the same trend can be expected to continue in future. The amalgamation of FEMCARE with Dabur is likely to enhance the sales and profitability of Dabur further from current quarter onwards.
FY10(lakhs) | DIF%AGE | ||
Net Sales | 285687 | 239616 | 19.23 |
Other Oprtg Income | 1773 | 2175 | -18.48 |
SIT & WIP | -968 | -3889 | -75.11 |
Raw Materials | 98810 | 89213 | 10.76 |
Traded goods | 39551 | 36919 | 7.13 |
Employees Cost | 21234 | 16732 | 26.91 |
Depreciation | 3191 | 2742 | 16.37 |
Other Expenditure | 73890 | 58372 | 26.58 |
Total Expenditure | 235708 | 200089 | 17.8 |
Profit from Operations | 51752 | 41702 | 24.1 |
Other Income | 1511 | 2132 | -29.13 |
P B I & EI | 53263 | 43834 | 21.51 |
Interest | 560 | 1334 | -58.02 |
P.A.I. B.EI | 52703 | 42500 | 24.01 |
Exceptional items | - | - | |
Profit before tax | 52703 | 42500 | 24.01 |
Tax Expense | 9388 | 5144 | 82.5 |
Net Profit after tax | 43315 | 37356 | 15.95 |
Extraordinary Items | - | - | |
Net Profit | 43315 | 37356 | 15.95 |
Dividend (%) | 200 | 175 | 14.29 |
Face Value (in Rs.) | 1 | 1 | 0 |
Paid-up Equity | 8690 | 8651 | 0.45 |
Reserves | 66248 | 65169 | 1.66 |
Basic EPS before E.I(Rs.) | 4.99 | 4.32 | 15.51 |
Diluted EPS before EI | 4.97 | 4.3 | 15.58 |
Basic EPS after EI | 4.99 | 4.32 | 15.51 |
Diluted EPS after EI | 4.97 | 4.3 | 15.58 |
QUARTERLY RESULTS
The quarterly results indicate that – though there is a slight fall in Q4 versus Q3 of FY10, the general trend QOQ has been upwards and net sales have gone up by 12.72% compared to Q4 of FY09.Net profit also has gone up by 10.42% compared to Q4 of FY09, though compared to Q3 of FY10, there is a fall.Net sales may increase further due to amalgamation with FEMCARE from current Qtr.
Over all, Dabur India has maintained its growth trend reasonably well.
Mar-10 | Dec-09 | Dif% | Sep-09 | Jun-09 | Mar-09 | Dif%2 | |
Net Sales | 69538 | 76430 | -9.02 | 67221 | 60961 | 61691 | 12.72 |
Other Oprtng Income | 682 | 343 | 98.83 | 329 | 336 | 332 | 105.42 |
SIT & WIP | 2928 | 195 | 1401.5 | -2302 | -2001 | 2460 | 19.02 |
Raw Materials | 22169 | 27260 | -18.68 | 24575 | 22024 | 19109 | 16.01 |
Traded Goods | 9639 | 9045 | 6.57 | 10156 | 9670 | 8600 | 12.08 |
Employees Cost | 5466 | 5168 | 5.77 | 4813 | 4444 | 4321 | 26.5 |
Depreciation | 781 | 794 | -1.64 | 698 | 719 | 704 | 10.94 |
Other Expdtr | 17158 | 20596 | -16.69 | 15298 | 16726 | 16638 | 3.13 |
Total Expenditure | 58141 | 63058 | -7.8 | 53238 | 51582 | 51832 | 12.17 |
Profit _Operations | 12079 | 13715 | -11.93 | 14312 | 9715 | 10191 | 18.53 |
Other Income5 | 391 | 175 | 123.43 | 256 | 316 | 431 | -9.28 |
Interest6 | 214 | 147 | 45.58 | 119 | 126 | 520 | -58.85 |
Profit before tax | 12256 | 13743 | -10.82 | 14449 | 9905 | 10102 | 21.32 |
Tax expense | 2129 | 2436 | -12.6 | 2540 | 1822 | 931 | 128.68 |
NPT after tax | 10127 | 11307 | -10.44 | 11909 | 8083 | 9171 | 10.42 |
Net Profit | 10127 | 11307 | -10.44 | 11909 | 8083 | 9171 | 10.42 |
Dividend (%) | - | - | - | - | 100 | ||
Face Value (In Rs | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
Paid Up Equity | 8676 | 8658 | 0.21 | - | 8655 | 8651 | 0.29 |
Basic EPS after E.Is | 1.17 | 1.31 | -10.69 | 1.38 | 0.93 | 1.06 | 10.38 |
Dil. EPS after Eis | 1.16 | 1.3 | -10.77 | 1.37 | 0.93 | 1.06 | 9.43 |
Public Sh.holding (%) | 31.03 | 30.88 | 0.49 | 30.03 | 29.42 | 29.27 | 6.01 |
ANNOUNCEMENTS TO
THE EXCHANGE
18-06-2010 Dabur India Limited has informed the Exchange that the Company has fixed the Book Closure from August 20, 2010 to August 31, 2010 for the purpose of Annual General Meeting and for ascertainment of the shareholders entitled to receive dividend, if approved by the shareholders of the Company at the ensuing Annual General Meeting of the Company to be held on August 31, 2010.
18-06-2010 Dabur India Limited has informed the Exchange vide its letter dated June 18, 2010 that: "The Order dated April 19, 2010 issued by Hon'ble High Court of Judicature at Delhi (certified true copy issued on 2nd June, 2010) sanctioning the Scheme of Amalgamation of Fem Care Pharma Limited (FEM) with Dabur India Limited (DIL) and their respective shareholders, from the appointed date of amalgamation being April 1, 2009, has become effective today i.e. on 18th June, 2010 upon filing of the said Order with the Registrar of companies, NCT of Delhi & Haryana. It is further informed that pursuant to the Scheme of Amalgamation 'RECORD DATE' of Wednesday, June 30, 2010 has been fixed for shares of FEM for ascertaining the names of shareholders/ Beneficial Owners holding equity shares of FEM who would be entitled for the allotment issue of equity shares of DIL, as per the Register of Members maintained by FEM Depositories, in the Share Exchange Ratio as provided in the Scheme of Amalgamation i.e. 5 (five) fully paid up equity shares of Re.1 each of DIL for every 1 (one) fully paid up equity share of Rs. 10 each of FEM." -
18-06-2010 Dabur India Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on June 18, 2010 has declared Final Dividend of Re.1.25 per share having face value of Re.1 each (i.e. 125%) on the equity shares of the company for the financial year 2009-10. -
18-06-2010 Dabur India Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 285687 lacs for year ending on 31-MAR-2010 against Rs. 239616 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 43315 lacs for the year ending on 31-MAR-2010 against Rs. 37356 lacs for the year ending on 31-MAR-2009. -
18-06-2010 Dabur India Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 339137 lacs for year ending on 31-MAR-2010 against Rs. 280543 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 50323 lacs for the year ending on 31-MAR-2010 against Rs. 39121 lacs for the year ending on 31-MAR-2009. -
28-04-2010 Dabur India Limited has informed the Exchange regarding a press release dated April 28, 2010, titled "Dabur 2009-10 Net Surges 28.7% To Highest-Ever Rs.503.53 Cr". The Company has further submitted to the Exchange a copy of the Investors Communication. The copy of the same alongwith the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
28-04-2010 Dabur India Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 69538 lacs for quarter ending on 31-MAR-2010 against Rs. 61691 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 10127 lacs for the quarter ending on 31-MAR-2010 against Rs. 9171 lacs for the quarter ending on 31-MAR-2009. -
28-04-2010 Dabur India Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 84879 lacs for quarter ending on 31-MAR-2010 against Rs. 73165 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 13528 lacs for the quarter ending on 31-MAR-2010 against Rs. 10428 lacs for the quarter ending on 31-MAR-2009. -
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