For June 2014 quarter, the net sales have grown by 13% to Rs 1868.86 crore, driven by volume growth of 9%. Domestic business grew by 12.5%. OPM was stagnant at 14.3%. The net profit increased by 13% to Rs 210.81 crore due to rise in top-line

1. DABUR – COMPANY REPORT Dabur India Ltd. is an ayurvedic and natural health care company. It produces and distributes personal care, health care and food products. It operates in three divisions: Consumer Care, Consumer Health and International Business. The Consumer Care division provides personal care, health care, home care and food offering brands such as Dabur, Vatika, Hajmola, Real and Fem. The Consumer Health division offers ayurvedic medicines and ayurvedic products which include rasayanas, churnas and medicated oils. The International Business division provides the health and personal care needs across different international markets, spanning the Middle East, North and West Africa and the U.S. with brands dabur and vatika.
For June 2014 quarter, the net sales have grown by 13% to Rs 1868.86 crore, driven by volume growth of 9%. Domestic business grew by 12.5%. OPM was stagnant at 14.3%. The net profit increased by 13% to Rs 210.81 crore due to rise in top-line. Mr. Sunil Duggal, CEO, said on performance, “Despite a sharp fall in growth rates in most consumer products segments, Dabur continued to report strong volume-led growth across its key categories. We have managed our business dynamically through a combination of calibrated price increases and greater focus on cost efficiencies, maintaining our growth momentum and registering sales growth ahead of the market in several key categories. We are investing behind our brands and have taken necessary steps to improve our competitiveness in the market place and deliver profitable growth.”

2. *as on 24th Oct 2014.
ACTUALS IN INR ESTIMATES IN INR FISCAL PERIOD MARCH 2012 2013 2014 2015 2016 2017 SALES
52832
61464
70732
81476
94046
108595 OPERATING INCOME 8902 10298 11564 13651 16027 18833 OPERATING PROFIT
7869
9174
10589
12817
15165
17564 EBT 7905 9483 11363 13488 16945 18829 NET INCOME
6449
7634
9139
10666
12639
15088 EPS 3.68 4.35 5.21 6012 7.26 8.70 DIVIDEND PER SHARE
1.40
1.50
1.00
2.16
2.63
3.32 YIELD 0.63% 0.68% 0.45% 0.98% 1.19% 1.50%
*as on 24th Oct 2014.

3. Shariah Compliant Status *as on 24th Oct 2014 *Debt to Market Capitalisation 0% *Receivables to Market Capitalisation
1% * Cash to Market Capitalisation 1% *Interest Income to Total Income
2%
*as on 24th Oct 2014.
COMPANY NAME DABUR INDIA SECTOR CONSUMER SIZE
LARGE CAP MARKET CAPITALISATION 37902.28 CMP
215.80 POTENTIAL UPSIDE 20%
*as on 24th Oct 2014.
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