Dabur posts consolidated net profit of Rs568.58 crore for 2010-11

Dabur India today reported a consolidated net profit of Rs568.58 crore for 2010-11, marking a 13 per cent growth over the previous fiscal. The company's consolidated gross sales in last fiscal rose by over 20 per cent at Rs4,109.85 crore, thanks to strong volume-led growth across its key categories like hair oils, skin care, oral care, health supplements, foods and home care.

The company's board recommended a final dividend of 65 per cent, bringing the total dividend for the year to 115 per cent.

''Continuing with our payout policy, the Board has proposed a final dividend of Re0.65 per share, aggregating to Rs113.15 crore,'' Dabur India Ltd chairman Dr Anand Burman said in a statement.

Dabur's international business in the last fiscal expanded 46.3 per cent, on solid growth across the Gulf region, Egypt, Nigeria and North African markets and income from the newly acquired overseas companies.

''North Africa notched up yet another strong performance, growing by 43 per cent during the year, while the Egypt business grew by 32 per cent and the Gulf Cooperation Council (GCC) business reported a 20 per cent surge. This growth in the international business, in fact, comes at a time when the external conditions remained extremely tough,'' said Dabur India group director PD  Narang.

The January-March quarter of 2010-11, saw sales increase by over 30 per cent at Rs1,117.22 crore. This includes income from new acquisitions Hobi Kozmetik of Turkey and Namasté Laboratories of the US, while its net profit surged 8.5 per cent to Rs147.01 crore marking the 36th consecutive quarter of year-on-year growth in both sales and net profit for Dabur.