Dabur Sees Growth Spurt In Q1FY14
DSIJ Intelligence / 24 Jul 2013
The company reported higher sales numbers for the quarter, as well as strong volumes growth. The stock reacted positively to the results, reaching its yearly high on the day of results announcement.
Fast moving consumer goods major Dabur India is the first among the FMCG companies to have come out with its results for Q1FY14. During the quarter, the company's consolidated PAT has grown by 24.5% on a YoY basis to stand at Rs 186 crore. The company's consolidated topline in April-June was up by 12.9% from a year ago to Rs 1657 crore as against the street's expectation of Rs 1600 crore. It has witnessed strong volumes growth of 9% on a yearly basis. The operating profit margin was at 14.5%, lower than the expected 15%.
Among its key business segments, the business revenue from Consumer Care was at Rs 1343 crore, up 14% in April-June. Revenue from the Foods business rose 18% to Rs 250 crore and that from Retail gained 27% to Rs 17 crore. The company operates retail stores under the brand name 'New U'.
The results have surely induced some positive sentiment in the stock, which reached its yearly high in today's trade. At present, Dabur is trading at Rs 173 (+1.43%) on the BSE. We, at DSIJ, remain bullish on this stock. It may witness further northward move in the next few sessions.
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