Dabur Shareholders Approve Audited Results For 2010-11

The shareholders of Dabur India Ltd (DIL) have approved the audited financial results for the full year ended March 31, 2010, at an Annual General Meeting held here.

Dabur India Ltd had reported a 20.3% jump in consolidated Revenue during the 2010-11 financial year to Rs. 4,109.85 crore, while the Net Profit for the fiscal rose 13% surge to Rs. 568.58 crore. "Dabur has reported another strong performance, recording industry-best growth in sales and improvement in profitability during 2010-11. What's even more encouraging is the fact that this growth came at a time when the industry was faced with a host of external challenges such as a runaway Inflation, below average monsoons & drought in some parts of the country, strife in several parts of the world and sharp currency fluctuations. Despite these, your Company reported a 20.3% jump in consolidated Revenue," Dabur India Ltd Group Director P D Narang said.

The 2010-11 fiscal saw Dabur make its first overseas acquisition with the purchase of Hobi Kozmetik of Turkey, and followed it up with the acquisition of the US-based Namastà Laboratories. Both these acquisitions have started paying rich dividend and adding to our overseas growth story. Addressing the shareholders, Dabur India Ltd Chairman Dr. Anand Burman said: "Going forward, we would look at more acquisition opportunities to gain market entry and consolidate our competitive positioning while remaining focused on current market segments in which we operate today. Acquisitions would, therefore, continue to be integral to our growth strategy as we move ahead."

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