Sunday, October 28, 2012

DABUR INDIA LIMITED - RESULTS for - Q2 FY 2013 - (SEP, 2012) - net sales up 21%; net profit up 16.4% YoY


DABUR INDIA LIMITED

SUNIL DUGGAL

FINANCIAL RESULTS
Q2 FY 2013 (SEP, 2012)

Dabur India Ltd (DIL)has released the RESULTS for the  quarter ending Sep.2012.

RESULTS TABLE

DABUR INDIA-CONSOL
Q2FY13(Rs. lakhs)
%DIF QoQ
Q1FY13
Q2 FY12
%DIF YoY
FY12 TOTAL
 Net sales
152260
4.15
146197
126233
20.62
528317
Other operating income
492
-49.43
973
835
-41.08
2225
Total income
152752
3.79
147170
-6299
-2525.02
530542
Cost of materials
54879
-12.61
62796
58563
-6.29
227880
 Purchases of stock-in-trade
12373
-15.01
14558
10827
14.28
50943
changes in inventories of FG,SIT,WIP
7994
-290.79
-4190

#DIV/0!
-10305
Employee expense
12118
14.11
10620
10143
19.47
38742
Depreciation
2702
1.2
2670
1751
54.31
10324
 Other expenses
38454
-8.01
41802
29763
29.2
134265
Total expenses
128520
0.21
128256
104748
22.69
451849
Profit from operations
24232
28.12
18914
22320
8.57
78693
Other income
2256
-7.77
2446
1056
113.64
5740
Finance costs
1488
-30.01
2126
1720
-13.49
5384
Profit before tax
25000
29.98
19234
21656
15.44
79049
Tax expense
4642
22.9
3777
4271
8.69
14638
Net Profit
20366
36.1
14964
17385
17.15
64411
Cons. Net Profit
20237
35.46
14940
17386
16.4
64489
Face Value (in Rs.)
1
0
1
1
0
1
Paid-up equity
17439
0.06
17428
17420
0.11
17421
 Basic Eps
1.17
31.46
0.89
1
17
3.7
 Diluted EPS
1.16
31.82
0.88
0.99
17.17
3.68
- Percentage of shareholding
31.34

31.33
31.3
0.13
31.31


A combination of innovation, relentless market development initiatives and stronger growth across key categories like Health Supplements, Shampoos, Foods, Skin Care and Home Care helped India's leading natural health & personal care company Dabur India Ltd report a 20.6% growth in its Consolidated Net Sales in the second quarter of the 2012-13 financial year.

The company recorded Net Sales of Rs 1,522.60 Crore in the second quarter this fiscal as against Rs 1,262.33 Crore in the same quarter a year earlier.

Dabur India Ltd's consolidated Net Profit for the second quarter of 2012-13 marked a 16.4% surge to Rs 202.37 Crore, up from Rs 173.86 Crore a year earlier.

"The rising cost pressures were managed through a mix of judicious price increases and improved buying efficiencies. Despite signs of an economic downturn and increased competitive intensity in the market, Dabur India Ltd has maintained strong growth momentum and continues to register sales growth ahead of the market in several key categories. We remain on course to strengthen our brand portfolio, improve our competitiveness in the market place and deliver profitable growth," Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal said.

Category-Wise  Growth

The Shampoo category continued to move forward on its strong growth trajectory and ended the quarter with a 40.2% growth, while the Skin Care business reported a near 25% growth. The Home Care business ended the quarter with a 23% growth while the Health Supplements business grew by 15.7%.

The quarter saw Dabur launch a host of new products and variants across geographies, all of which have received good response.

Dabur's International Business recorded a growth of 24.8% during the second quarter, led by robust performance in GCC, Egypt and Nigeria. "Hair Care and Toothpastes were the key growth drivers for Dabur in the international markets," Dabur India Ltd Group Director Mr. P D Narang said.

Dividend

Dabur India Ltd has declared an interim dividend of 65% for 2012-13. "Continuing with our payout policy, the Board has declared an interim dividend of Re 0.65 per share, aggregating to a total payout of Rs 131.67 Crore," Dabur India Ltd Chairman Dr. Anand Burman said.

Dabur has performed very well in the quarter with both sales and profits surging up very well. Future seems equally bright for the company.

EPS for FY 13 can be around Rs.5. Current Market price is around Rs.135. So, PE Ratio is around 27. Considering its Potential, the price is reasonable. Dabur is good Buy for Medium / long term investors.

Dabur has been a liberal distributor of Bonus shares and also of Dividends  in the Past.

52 week high/low price : 138.90/92.00.

About Dabur India Ltd

Dabur India Limited is one of India's leading FMCG Companies. Building on a legacy of quality and experience for 127 years, Dabur is today India's one of the most trusted names and the world's largest Ayurvedic and Natural Health Care Company. Dabur India's FMCG portfolio today includes five flagship brands with distinct brand identities -- Dabur as the master brand for natural healthcare products, Vatika for premium personal care, Hajmola for digestives, Réal for fruit-based beverages, and Fem for fairness bleaches & skin care.

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