Dabur Q1 net profit up 21 pc to Rs 107.39 cr

NEW DELHI: FMCG player Dabur today posted a 20.7 per cent jump in its net profit to Rs 107.39 crore in the quarter ended June 30, 2010 and also announced the issue of bonus shares to its shareholders. (Watch)

The company had a net profit of Rs 88.95 crore in the corresponding quarter, Dabur said in a statement.

During the period, the company's total income stood at Rs 925.11 crore, an increase by 19.7 per cent from Rs 773.05 crore in the year-ago period.

Besides, the company said it will issue bonus shares in the ratio 1:1 --one share for every one share held. "We are happy to announce a 1:1 bonus issue to the shareholders to mark the 125th year of Dabur's establishment," said Dabur India Chairman Anand Burman in a statement.

The last time that the company had issued bonus shares was in 2007 financial year in the ratio of 1:2. It had also issued bonus share in the 1:1 ratio in fiscal 2005-06.

The company said said its growth was mainly led by health supplements category and home care segments, which grew by 42.8 per cent and 31.5 per cent, respectively during the quarter.

While its oral care category reported a 20.2 per cent growth, the company said its foods business grew by 21.2 per cent. Besides its hair oils and skin care rose by 16.5 per cent and 12.4 per cent during the quarter, it added.

The company also said its international business has registered a 28.7 per cent topline growth during the quarter, led by Nigeria, Egypt, Levant and North Africa.

"The macro environment is improving with good monsoons fueling resurgence in demand. Dabur continues to register sales growth ahead of the market in several key categories, and this growth is almost entirely volume-driven," Dabur India CEO Sunil Duggal said.