Mumbai, May 1 (UNI) Strong growth in its key categories coupled with stringent cost-saving initiatives helped Dabur India Limited mitigate the impact of escalating costs and record an 18.5 per cent growth in net profit during 2007-08 financial year.
Dabur ended the fiscal with a net profit of Rs 332.8 crore as against Rs 280.8 crore in the previous fiscal. Its turnover for the year stood at Rs 2,396 crore, up 15.2 per cent over Rs 2,080 crore a year earlier.
Dabur India Chairman Anand Burman said in a release that the Company sustained growth momentum in key categories like hair care and oral care, where Dabur brands outpaced the industry growth.
Health supplements business reported a 15 per cent growth during the year, while the Foods business grew by 19 per cent.
During the year, Dabur India has revamped and relaunched 60 per cent of the Consumer Care Division product portfolio, laying the foundation for stronger growth for the future. Our Consumer Health Division also marked a turnaround, reporting a 12 per cent growth in the second half of the 2007-08 fiscal and 5.4 per cent growth for the full year. The international business posted a growth of 25.5 per cent with impressive performance from Egypt, GCC and African markets, Company Chief Executive Officer Sunil Duggal said.
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