Dabur India - Good Stock From FMCG Sector
The FMCG sector has been an under performer in the recent rally. Partial investment in this stock would be a good idea.The Company
In 1975 the Company was incorporated on 16th September for manufacture of high grade edible & industrial guargum powder and its sophisticated derivatives. It was incorporated in the name of Vishal Chemical (India) Ltd.It is a true Indian formed FMCG company.The company is engaged in production of such goods which people continue to use instead of slowdown in economy. Dabur India's FMCG portfolio includes five flagship brands with distinct brand identities -- Dabur as the master brand for natural healthcare products, Vatika for premium personal care, Hajmola for digestives, Réal for fruit-based beverages and Anmol for affordable personal care business.
Dabur also reconstituted its Board of Directors with the induction of two new independent directors - Aviva India’s former MD, Bert Paterson and Mr. Analjit Singh, Co-Founder and Chairman of Max India. It has also signed in Dhoni as its new brand ambassador, replacing Amitabh Bachchan.
Financials
The company has posted results for the second quarter ended 30th September 2008.On a consolidated basis, Dabur’s consolidated revenue for Q2FY09 rose 18.4% on a YoY at Rs.699.30 crores. Its international business showed a robust performance, growing by 40.5%, led by growth in GCC, Egypt, Nigeria, Yemen and North African markets. Sales in African markets surged 65%. Dabur Egypt grew by a robust 88% and Bangladesh sales surged by 85%. Net Profit for the quarter rose 12.2% at Rs.107.41 crore.
During the quarter, hair oil reported a 20% growth in the quarter led by Anmol Coconut Oil and Dabur Amla Hair Oil. Shampoos grew by 36%, while Baby & Skin Care business reported 18% growth following the expansion of Dabur Gulabari skin care range with the introduction of Dabur Gulabari Moisturising Cream and Lotion. It launched a new product in the Q1 - hard surface cleaner brand ‘Dazzl’, and this has garnered a market share of 6.1% (July-September 08) in the floor and kitchen cleaner category.
About The stock
The FMCG sector has been an under performer in the recent rally and thus some major role is expected in any upcoming uptrend. Partial investment in this stock would be a good idea.
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