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Dabur India net profit up 27.4 pc at Rs 188 crore

Written by: Staff
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New Delhi, Apr 25 (UNI) Dabur India Ltd (DIL) today announced its results for the financial year 2005-06 with a net profit of Rs 188 crore, up 27.4 per cent from Rs 148 crore last year.

The company's sales are up 8 per cent at Rs 1369.68 crore as against Rs 1268 crore during the same period.

For the fourth quarter (Q4), Dabur India Ltd posted a growth of 20.6 per cent in its net profit which stood at Rs 49.71 crore as against Rs 41.23 crore.

The sales turnover registered an increase of 6.4 per cent at Rs 332.69 crore up from Rs 312.77 crore during the last quarter of fiscal 2005-06.

Meanwhile, the Board of Directors of the company have announced a final dividend of 100 per cent (post-bonus) to its shareholders.

With this, the total dividend payout for the full year increases to 350 per cent (pre-bonus) after including the interim dividend of 150 per cent (pre-bonus) that was announced by the company earlier during the fiscal.

''The Board has decided to further enhance its dividend payout this year by announcing a final dividend of 100 per cent to its shareholders today, which translates into a dividend of 350 per cent for the year on a like-to-like basis. It is in line with our constant endeavour to enhance shareholder value and reward our shareholders with higher returns,'' Dabur India Chairman V C Burman said.

''The company has decided to adopt US GAAP from this year, in line with our commitment to follow global best practices and adopt highest standards of transparency and governance. This move will also help our stakeholders' benchmark our performance globally,''Dabur India Ltd Group Director P D Narang said.

UNI SS MP RK1940

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