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Dabur India Ltd Corporate Profile Corporate Profile November, 2010 1

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Page 1: DABUR PPT

Dabur India LtdCorporate ProfileCorporate Profile

November, 2010

11

Page 2: DABUR PPT

IndexIndex

Dabur India-Introduction

Business Overview

FMCG Industry Scenario

Growth Strategy

Business Overview

Recent Performance

22

Page 3: DABUR PPT

Dabur India: Key HighlightsDabur India: Key Highlights

Established in 1884 : 125 Years of Trust & Excellence

Among top 4 FMCG companies in India

W ld’ l t i A d d t l

Ten Billion Rupee Brands

World’s largest in Ayurveda and natural healthcare

Revenue of Rs. 33.9 billion and profits of Rs. 5 billion in FY2009-10

Strong brand equity

Dabur is a household brand

Vatika and Real are Superbrands

Hajmola Real & Dabur ranked among Hajmola , Real & Dabur ranked among India’s Most Admired Brands

10 Brands with sales of over Rs. 1 billion each

Wide distribution network covering 2 8 Wide distribution network covering 2.8 million retailers across the country

17 world class manufacturing plants catering to needs of diverse markets

33

Strong overseas presence with 18% contribution to consolidated sales

Page 4: DABUR PPT

Strong FinancialsStrong FinancialsS l

28,34134,167

30000

35000

40000

Sales

in Rs. million

10,997 12,004 12,849 12,356 14,17017,565

20,80323,963

,

0

5000

10000

15000

20000

25000

30000

FY01 FY02 FY03 FY04^ FY05 FY06* FY07 FY08 FY09 FY10**

EBITDA Margin (in %) Net Profit

2 8173,329

3,913

5,032

4000

5000

6000

15.3%17.1%

18.1%18.5%18.3%19.6%

16 0%

18.0%

20.0%

22.0%

in % in Rs. million

1,0651,558

2,1422,817

0

1000

2000

3000

FY04 FY05 FY06 FY07 FY08 FY09 FY10

13.3%

10.0%

12.0%

14.0%

16.0%

FY04 FY05 FY06 FY07 FY08 FY09 FY10

44

FY04 FY05 FY06 FY07 FY08 FY09 FY10

^Sales show a decline in FY04 on account of de-merger of Pharma business*Balsara acquisition added 10% to topline in FY06** Fem acquisition added 3.5% to topline in FY10

Page 5: DABUR PPT

Key MilestonesKey Milestones

1884•Dr. SK Burman started an Ayurvedic Pharmacy in Kolkatta

1972•The company shifted base to Delhi from Kolkata

1986•Registered as Public Limited Company

1994•Listed on the Bombay Stock Exchange

1998•Professionalization process with Burman

2003•Pharmaceutical Business de merged to

2004•International Business Division set up in

2005•Acquired Balsara strengthening Oral process with Burman

Family handing over day to management

Business de-merged to focus on core FMCG business

Division set up in Dubai to focus on overseas opportunities

strengthening Oral care & gaining entry into Home care

2006•Dabur Figured in Top 10 Great Places To Work

2007•Dabur ranked among 'Asia's Best Under A Billion' enterprises by Forbes

2008•Acquired Fem Care Pharma entering the mainstream Skin care segment

2010•Touched US$4 billion market cap

2010

• Overseas acquisition, Hobi Group, Turkey to strengthen

d

55

presence in MENA and adjacent regions

Page 6: DABUR PPT

Global FootprintGlobal Footprint

Canada

UK

U.S. EgyptUAE

Nepal

Nigeria

B’Desh

Australia

Domestic Mfg. Locations

Manufacturing Facilities

Key markets

66

Our strategy is to localize manufacturing, supply chain and product offerings to suit consumer requirements

in each geography

Page 7: DABUR PPT

Robust Distribution NetworkRobust Distribution Network

C&FA

Factory

(Carry & Forward Agents)C&FA

Stockist Super Stockist Institutions & Modern

(Carry & Forward Agents)

& Modern trade

Wholesalers Sub Stockist

RETAIL TRADE

CONSUMERS

77

Direct + Indirect Reach covering 2.8 Mn Retail Outlets

Page 8: DABUR PPT

Research & Development StrengthsResearch & Development StrengthsStrong New Product Development

Ayurvedic Medicines

Personal Care

F d

Team of scientists including Ayurvedic doctors, Pharmacists, Agronomists, Botanists, Tissue Culture specialists, etc.

Foods

Home Care

OTC HealthcareAgronomy Initiatives

Protecting endangered herbsg g

Technical assistance to farmers

Contract cultivation of herbs

Green House at Nepal

Dabur introduced more than 15 new products/variants during FY10

Greenhouse at Dabur NepalDabur Research Facilities

88

Page 9: DABUR PPT

Ayurveda – The Science of LifeAyurveda – The Science of Life

Ayurveda – The core philosophy

Traditional Indian system of medicineAyurveda, the ancient Indian system of medicine based

l d h li i li i d i f S k i on natural and holistic living, derives from two Sanskrit words - Ayu or life, and Veda or knowledge.

This Science of Life analyses the human body through a combination of the body, mind and spirit.

Originating nearly 5 000 years ago Ayurvedic texts were Originating nearly 5,000 years ago, Ayurvedic texts were researched by Dabur in its quest for natural remedies. Today, its application in modern life has been renewed through the scientific research and validation undertaken at Dabur

b h 2 & k l dDabur has 125 years experience & knowledge in Ayurveda

Successful extension of Ayurveda into personal care and OTC healthcarecare and OTC healthcare

Riding global trend of “Back to Nature”

99

Page 10: DABUR PPT

IndexIndex

Dabur India-Introduction

Business Overview

FMCG Industry Scenario

Growth Strategy

Business Overview

Recent Performance

1010

Page 11: DABUR PPT

FMCG Industry SnapshotFMCG Industry SnapshotKey Highlights FMCG Industry Size

Indian FMCG industry size estimated ataround US$ 25 bn.

Personal care & Food products dominate thesector

in Rs. billion MAT Dec 2008

MAT Dec 2009

sector

Many categories are currently small andoffer huge potential

Steady double digit growth in the sector

R l I di t ib t 33% f th ll

FMCG Industry Size 1,023.9 1,161.1

Growth rate (%) 13.4%

Category-wise share of the Sector FMCG Growth : Urban & Rural

Rural India contributes c. 33% of the overallFMCG sector.

Source: AC Nielsen

Personal Care22%

Hair Care8%

OTC Products4%

Baby Care2%

Household4%

Others5%

9% 10%12%

12%

15%

11%

16%

10%12%

18%

10%

15%

20%

Food Products43%

Fabric Care12%

8%3%

-8%

-1%1%

10%

-5%

0%

5%

CY03 CY04 CY05 CY06 CY07 CY08 CY09

1111

Source: AC NielsenSource: AC Nielsen

-10% Urban Rural

Page 12: DABUR PPT

India: Consumption StoryIndia: Consumption StoryA t C ti I B k tAggregate Consumption across Income Brackets

4x 70in trillion, Indian Rupees, 2000

17

34 Middle Class

710

17

Source : Mckinsey Global Institute Analysis

Middle Class

By 2025, India is poised to become the world's fifth largest consuming country

from current position of twelfth

Note:

1212

Note: Annual Income (in Indian Rupees, 2000): Globals >1,000,000; Strivers =500,000-1,000,000; Seekers=200,000-499,999; Aspirers=90,000-199,999; Deprived=<90,000

Page 13: DABUR PPT

Penetration Levels: Sufficient HeadroomPenetration Levels: Sufficient Headroom

67%77% 80%

59%70%80%90%

42% 37%

18% 18%

57%

32%

59%

20%30%40%50%60%70%

0%10%20%

Toothpaste Shampoo Hair Oil Skin Cream Mosquito Repellants

Source: Industry Data, IIFL

Repellants

Rural Penetration Urban Penetration

y ,

Low penetration levels offer room for growth across consumption categoriesRural penetration catching up with urban penetration levels

1313

Page 14: DABUR PPT

Per Capita Consumption: Room for GrowthPer Capita Consumption: Room for Growth

7 79 2 73

Skin Care – Per Capita Consumption (in US$) Shampoo – Per Capita Consumption (in US$)

in US$in US$

India has low per capita consumption as compared to other emerging economies

3.2

7.4 7.7

3

4

5

6

7

8

1.0 1.1

2.72.4

1

1.5

2

2.5

0.8 0.30

1

2

China Indonesia India Malaysia Thailand

0.3

0

0.5

China Indonesia India Malaysia Thailand

2.9

2 02.5

3

3.5

Toothpaste – Per Capita Consumption (in US$)

in US$

0.5

1.0

0.4

2.0

0

0.5

1

1.5

2

1414

China Indonesia India Malaysia Thailand

Source: MOSL

Page 15: DABUR PPT

Key Players: FMCGKey Players: FMCGUSD Million

Company Key Categories Sales Profit Market Cap

Soaps Detergents Personal Care Hindustan Unilever Ltd Soaps, Detergents, Personal Care, Foods 4,479 538 12,011

Nestle India Ltd* Food, Beverages, Infant nutrition 1,101 141 6,126

Dabur India Ltd Personal, Health & Homecare, 733 108 3 659Dabur India Ltd Foods 733 108 3,659

Britannia Industries Ltd* Biscuits 734 33 969

Colgate Palmolive (I) Ltd* Oral Care & Toiletries 364 62 2,462

Marico Ltd. Hair care, Food, Skincare 571 49 1,639

Glaxo SmithklineConsumer* Consumer Health Care 412 50 1,615

Godrej Consumer Hair Care, Soaps 438 72 2,423

Procter & Gamble^ Feminine Hygiene, personal care 166 39 1,533

1515

Source: Published results for year ending 31.03.10

*Year ending 31.12.09

^Year ending 30.06.09

Note: Market Cap. as of 29.07.10

Page 16: DABUR PPT

Dabur: Strong Presence in FMCG CategoriesDabur: Strong Presence in FMCG Categories

Hair Care 12%3 Dabur Amla hair Oil, Vatika hair oil & Vatika Shampoos

Market SharePosition Key BrandsCategory

Oral Care

Vatika Shampoos

13%3 Red toothpaste, Babool, Meswak, Red toothpowder

Chyawanprash

7%3 Dabur Gulabari, Fem, Dabur Uveda

63%1 Dabur Chyawanprash

Skin Care

Digestives 55%1 Hajmola

Fruit Juices 52%1 Real Fruit Juices, Real Activ Fruit Juices 52%1 ,

Honey 1 50% Dabur Honey

1616

Hair care includes Hair Oils & Shampoos; Oral care includes Toothpastes & Toothpowder; Skin care includes moisturizers,face cleaning, lightening, anti ageing & other skin care products; Digestives includes herbal digestives

Glucose 2 24% Dabur Glucose

Page 17: DABUR PPT

IndexIndex

Dabur India-Introduction

Business Overview

FMCG Industry Scenario

Growth Strategy

Business Overview

Recent Performance

1717

Page 18: DABUR PPT

Business StructureBusiness StructureDabur operates through three focused Strategic Business Units

Business Unit Description

Dabur operates through three focused Strategic Business Units

Revenue Share

Consumer Care Division

FMCG portfolio comprising fourdistinct businesses:• Personal Care• Health Care• Home Care

72%

Consumer Health

• Foods

Range of ethical and OTC productsthat deliver the age-old benefits of 8%

Consumer HealthDivision

that deliver the age old benefits ofAyurveda in modern ready-to-useformats

Caters to the health & personal care

8%

International Business

Caters to the health & personal careneeds of customers across differentinternational markets spanningMiddle East, North & West Africa,South Asia, EU and US through itsbrands Dabur and Vatika

18%

1818

Note: Percentage share in revenue based on FY10 Financials ; Femcare included in Consumer Care Division

Page 19: DABUR PPT

Consumer Care Division OverviewConsumer Care Division OverviewHCPD

CCD

FPD Balsara Foods FEM

2003-2004 2006-2007 2007-2008 2008-2009

FPD: Family Products Division

HCPD: Health Care Products Division

Balsara and Fem were acquisitions Balsara and Fem were acquisitions

Foods division was a 100% subsidiary of DIL

CCD Sales - HistoricalCategory-wise Share of CCD Sales

in Rs. millionHair Care 29%

Skin Care

Home Care6%

Foods16%

Oral Care 18%

Health Supplemen

Digestives8%

6%

1919

18%ts

17%

Note: Percentage share in revenue for H1 FY11

Page 20: DABUR PPT

Brand ArchitectureBrand Architecture

Starting from Ayurveda, the company successfully ventured into herbal arena becoming the ‘Herbal Specialist’While herbal businesses form the core with 85% of revenues, the ,company’s growth ambitions are not limited by it.A robust brand architecture ensures that the core values remain intact

Herbal Space Natural / Non-herbal Space

Brand Architecture

DaburHerbal

H lth

VatikaPremium Personal

HajmolaTasty

Di ti

RealFruit

B

BalsaraHome Care

UvedaAyurvedicSki

FEMFairness Skin

l tiHealthcare Personal Care Digestives BeveragesSkin care

Rs 17.0 bn Rs 3.9 bn Rs 1.4 bn NA Rs 3.0 bn Rs 1.3 bn

solutions

Rs 1.0 bn

2020

Brand size pertains to FY2008-09 sales in India and overseas; Fem had sales of about Rs.30 mn in overseas markets in FY09

Page 21: DABUR PPT

Consumer Care CategoriesConsumer Care CategoriesHair Oil

7%

16%37%

Market ShareKey Brands

Hair Oil

3%

6%

31%

Bajaj Dabur Dey's Medical

Emami Marico Others Dabur Amla: Largest brand in the portfolio

Vatika: Value added coconut oil

Anmol Hair Oil: Value propositionValue Share-ACN June, 09

Shampoo

11.2% 6.0%13.5%

Market ShareKey Brands

Shampoo

45.5%

23.8%

Cavinkare Dabur HULVatika range of shampoos

2121

Cavinkare Dabur HUL

P&G Othersof shampoos

Value Share-ACN Mar, 10

Page 22: DABUR PPT

Consumer Care Categories (Contd.)Consumer Care Categories (Contd.)Oral Care

13.2%

14.3%

Market Share Key Brands

Oral Care

49.7%

22.8%

13.2%

Colgate HUL Dabur Others

Value Share-ACN March, 2010

Dabur Red: Toothpaste & Toothpowder

Babool: Targeted at economy segment

Meswak: Premium therapeutic toothpaste

dHealth Supplements

12.7%

7.9%5.6% 11.1%

Chyawanprash – Market ShareKey Brands

62.7%

Baidyanath Dabur Emami Zandu Others Dabur Honey: Largest

2222

a dya a abu a a du O s

Value Share-ACN March, 2010

Dabur Chyawanprash: Largest selling health supplement in the country

Dabur Glucose: 2nd largest player in the country

Dabur Honey: Largest branded honey in the country; growing category through replace sugar strategy

Page 23: DABUR PPT

Consumer Care Categories (Contd.)Consumer Care Categories (Contd.)Foods

52.0%13.0%

Market ShareKey Brands

Foods

35.0%

Skin Care

Dabur Pepsi Others

Company Est. Mar, 2010 for Fruit Juice category Real: Flagship beverages brand

Real Activ: Range of 100% pure juice

58.9%3.2%

18.0%

Market Share* Key Brands

Skin Care

6.8%

6.6%

6.4%

Hi d t L E i D b

2323

Hindustan Lever Emami DaburLoreal Cavin Care Others

*Company estimates; Includes Fem skin care portfolio

Gulabari range of rose based skin careproducts: Moisturizer, Face freshener& Rose water

Fem Skin care : Acquired recently

Page 24: DABUR PPT

Consumer Care Categories (Contd.)Consumer Care Categories (Contd.)Digestives

55%37%

Market Share Key Brands

Digestives

8%

H j l Fl hi b d H j l t t Hajmola Satmola Others

Value Share-ACN March, 2010

Hajmola: Flagship brand for branded Digestives

Hajmola tasty digestive candy

Home Care

20%26%

Air Fresheners – Market Share Key Brands

20%

30%

5%

Odonil Air wick Premium Ambipur Others

2424

Odonil Air wick Premium Ambipur Others

Value Share-ACN March, 2010 for Aerosols categoryOdonil: Air freshner range: Largest brand in the portfolio

Odomos: Mosquito repellant skin cream

Sanifresh: Toilet cleaner

Page 25: DABUR PPT

Consumer Health DivisionConsumer Health DivisionDescription CHD StructureDescription

CHD: Repository of Dabur’s AyurvedicHealthcare knowledgePlans underway to build a comprehensivestrategy for a greater push in OTC Health

CHD Structure

OTC (64%) ETHICAL (36%)strategy for a greater push in OTC HealthspaceRange of over 260 productsFocusing on multiple therapeutic areas.Distribution coverage of 200,000

Generics

Branded Products

Tonic

Classicals

Branded Ethicals

chemists, ~12,000 vaidyas & 12,000Ayurvedic pharmacies

Healthcare Focus

OTC Healthcare is Rs.130 billion sizeindustryExpected to grow at 14-15% p.a. aspreference for Over-the-Counter productsaccelerates

Herbal Cough & Cold Syrup Mint based medicine for digestion

acceleratesDabur to expand its presence by :

Consolidating / expanding currentportfolioLaunching new products in

2525

Promoting Dabur Ayurveda: Generating equity for Ethical portfolio

g pemerging therapeutic areasLook at inorganic opportunities

Page 26: DABUR PPT

OTC Health Care PortfolioOTC Health Care PortfolioGastro Intestinal Cough and Cold Rejuvenation

Pudin Hara

ShilajitHonitus

Women’s Health Memory Enhancer Medicated Oils

Dabur Shankha abuActive Blood Purifier

Badam TailPushpi

Baby Care Rubs and Balms

Dabur

2626

Dabur Balm Strong

Page 27: DABUR PPT

International Business DivisionInternational Business DivisionStarted as an Set up a franchisee at Renamed franchisee as Dabur Building scale-20% of Started as an ExporterFocus on Order fulfillment through India Mfg.

Set up a franchisee at Dubai in 1989Demand generation led to setting up of mfg in Dubai & Egypt

Renamed franchisee as Dabur International LtdLocal operations further strengthenedSet up new mfg facilities in Nigeria,RAK & Bangladesh

Building scale 20% of overall Dabur Sales (FY09)High Levels of LocalizationGlobal Supply chain

1980’s Early 90’s 2003 Onwards Today

Highlights

Dabur’s overseas business contributes 18%

High Growth in IBD

in Rs. millionDabur s overseas business contributes 18%to consolidated sales led by CAGR of 29% inlast 6 yearsFocus markets:

GCCEgyptEgyptNigeriaBangladeshNepalU.S.

N d t t ib ti

High level of localization of manufacturingand sales and marketingLeveraging the “Natural” preference amonglocal consumers to increase share in personalcare categories

2727

New products contributing significantly to overseas sales

gSustained investments in brand building andmarketing

Page 28: DABUR PPT

International Business – Product PortfolioInternational Business – Product Portfolio

Hair Oils

Existing Products NPDs and Relaunches

Vatika Shampoos Vatika Hamam Zaith– Hair Fall Control

Hair Creams

Vatika Conditioners Dabur Herbal Toothpaste

Hair Treatments Vatika Hair Oil Vatika DermoViva Soaps

2828

Page 29: DABUR PPT

IndexIndex

Dabur India-Introduction

Business Overview

FMCG Industry Scenario

Growth Strategy

Business Overview

Recent Performance

2929

Page 30: DABUR PPT

Growth StrategyGrowth Strategy

EXPAND

DABUR DABUR INDIA

LIMITED

INNOVATEACQUIRE

THREE PRONGED STRATEGY FOR SUSTAINING GROWTH

3030

Page 31: DABUR PPT

Expansion StrategyExpansion Strategy

Targeting inorganic opportunities

Market Entry: Acquisitions critical for building scale in

i i i & k

Strengthening new categoriesSkin Care: Ayurvedic skin care range under a new brand launched; Acquisition of FemOTC H lth L i existing categories & markets

Synergies: Should be synergistic and make a good strategic fitGeographies: Opportunities in focus markets

OTC Healthcare: Leveraging Ayurveda knowledge for a range of OTC herbal productsFruit Drinks and Culinary: Entry into the fast growing fruit drinks category leveraging the focus marketsdrinks category leveraging the Real franchise

Expanding across geographiesOverseas markets: 20% of overall company; target to sustain higher growth ratesSouth India: Increased

Strong innovation programmeContribution: New products to contribute 5-6% of revenuesFocus Categories: New product activations planned up Sout d a c eased

contribution from 7% to 12%; Continued focus on the relevant portfolio to grow contribution

p p pin all categoriesRenovation: Periodic brand renovations to keep older products salient

3131

Page 32: DABUR PPT

Acquisition of Hobi Group, TurkeyAcquisition of Hobi Group, TurkeyAcquisition of Hobi Group, Turkey for a totalconsideration of US$ 69 Million completed onOctober 7, 2010

This is Dabur’s first overseas acquisition

Hobi manufactures and markets hair, skin andbody care products under the brands Hobbyand New Era

Product range of the company isProduct range of the company iscomplementary to our product range

Acquisition provides an entry into anotherattractive emerging market and a goodplatform to leverage this across the regionplatform to leverage this across the region

3232

Page 33: DABUR PPT

IndexIndex

Dabur India-Introduction

Business Overview

FMCG Industry Scenario

Growth Strategy

Business Overview

Recent Performance

3333

Page 34: DABUR PPT

Financial Performance – H1 and Q2 FY 2010-11Financial Performance – H1 and Q2 FY 2010-11Sales: H1FY11 v/s H1FY10 Sales: Q2FY11 v/s Q2FY10

855 980800

100012001,628 1,905

1500

2000

Sales: H1FY11 v/s H1FY10

in Rs. Crores

Sales: Q2FY11 v/s Q2FY10

in Rs. Crores

0200400600

Q2FY10 Q2FY11

0

500

1000

H1FY10 H1FY11

PAT: H1FY11 v/s H1FY10 PAT: Q2FY11 v/s Q2FY10

Sales for H1FY11 increased by 17% and by 14.7% in Q2 FY11 primarily

driven by volumes

139 160150

200

228 267200

300

PAT: H1FY11 v/s H1FY10

in Rs. Crores

PAT: Q2FY11 v/s Q2FY10

in Rs. Crores

0

50

100

Q2FY10 Q2FY11

0

100

200

H1FY10 H1FY11

3434

PAT increased by 16.9% during H1 FY11 and by 15.4% in Q2 FY11 despite

input cost inflation and increased taxationNote: PAT refers to Net Profit after Minority Interest

Page 35: DABUR PPT

Stock Performance & Shareholding PatternStock Performance & Shareholding Pattern

FIIs 16 4 Indian

Shareholding Structure*Market Capitalization in Rs. billion

170

Promoters,68.7%

Banks/FIs/ Insurance Cos., 6.9%

FIIs, 16.4% Public and

Others, 7.0%

17Mutual

Funds, 0.9%

2001 2010

*As on October 22, 2010

Dabur’s market capitalization has increased tenfold since 2001 and it has been Dabur s market capitalization has increased tenfold since 2001 and it has been one of the biggest wealth creators in the FMCG industry in this decade

3535

Page 36: DABUR PPT

Consolidated P&L Q2 FY11 and H1 FY11Consolidated P&L Q2 FY11 and H1 FY11I R Q2FY11 Q2FY10 Y Y (%) H1 FY11 H1FY10 Y Y (%)In Rs. crores Q2FY11 Q2FY10 YoY (%) H1 FY11 H1FY10 YoY (%)Gross Sales 980.5 854.8 14.7% 1,904.8 1,628.4 17.0%Less: Excise Duty 7.7 7.0 15.6 12.4Net Sales 972.8 847.8 14.7% 1,889.3 1,616.1 16.9%Other Operating Income 10.1 6.3 58.9% 18.7 11.1 67.9%p gMaterial Cost 458.5 381.8 20.1% 893.1 744.1 20.0%% of Sales 46.8% 44.7% 46.9% 45.7%Employee Costs 77.9 72.2 7.8% 150.7 135.9 10.9%% of Sales 7.9% 8.4% 7.9% 8.3%Ad Pro 121.5 120.2 1.1% 272.2 242.8 12.1%% of Sales 12.4% 14.1% 14.3% 14.9%Other Expenses 112.1 98.4 13.9% 233.7 202.2 15.6%% of Sales 11.4% 11.5% 12.3% 12.4%Other Non Operating Income 6 7 7 3 -9 0% 13 9 13 7 1 8%Other Non Operating Income 6.7 7.3 9.0% 13.9 13.7 1.8%EBITDA 219.6 188.9 16.2% 372.2 316.0 17.8%% of Sales 22.4% 22.1% 19.5% 19.4%Interest Expenses 4.6 6.0 -23.6% 9.1 12.2 -26.0%Depreciation 14.2 12.5 14.0% 27.7 24.1 14.8%Amortization 4.7 1.4 230.1% 5.7 2.7 108.4%Profit Before Tax (PBT) 196.0 169.0 16.0% 329.7 276.8 19.1%Tax Expenses 35.6 28.6 24.4% 61.9 47.4 30.6%Provision for Taxation for Earlier years 0.1 0.2PAT(Before exceptional item) 160 4 140 3 14 4% 267 8 229 2 16 8%

3636

PAT(Before exceptional item) 160.4 140.3 14.4% 267.8 229.2 16.8%% of Sales 16.4% 16.4% 14.1% 14.1%PAT(After exceptional Items) 160.4 140.3 14.4% 267.8 229.2 16.8%PAT (After Extraordinary item & MI) 160.4 139.0 15.4% 267.1 228.5 16.9%

Page 37: DABUR PPT

Consolidated Balance Sheet – Sept 30, 2010Consolidated Balance Sheet – Sept 30, 2010In Rs crores As on Sept 10 As on Sept 09In Rs. crores As on Sept 10 As on Sept 09

Sources Of FundsShareholders' Fund:

Share Capital 174.1 86.6Reserves & Surplus 1,037.5 690.7

1,211.1 777.2Minority Interest 4.5 8.3

Loan Funds:Secured Loans 99.7 113.3Unsecured Loans 235.3 54.1

335.1 167.4Deferred Tax Liability 13.0 10.1

TOTAL 1,564 963Application of funds:Fixed Assets: 704.6 622.1

Investments 148.8 112.1Current Assets, Loans & Advances

Inventories 568.3 449.1Sundry Debtors 216.6 219.5Cash & Bank balances 400.8 137.7Loans & Advances 504.1 1,689.8 341.4 1,147.7

Less: Current Liabilities and Provisions:Current Liabilities 595.5 573.2Provisions 483.6 353.5

3737

1,079.1 926.7Net Current Assets 610.7 221.0

Miscellaneous Expenditure 99.9 7.9TOTAL 1,564 963

Page 38: DABUR PPT

AccoladesAccolades

Ranked 28th in ET-Brand Equity Most Trusted Brands 2009 list.

Listed in Forbes’ 200 Best Under-A-Billion

Ranked 79th in 'Super 100' list announced by Business

Ranked 25th most valuable brand in the list of India's 100 Most

Companies List Indiaof India s 100 Most Valuable Brands, by 4Ps.

Dabur India Ltd has been

Dabur India Ltd was ranked the Business Leader in the FMCG -Personal Care Category at the NDTV Profit Business

Ranked 182 in ET-500, the annual listing of India's Blue Chip companies by The Economic Times. Also ranked as the fourth l t l FMCG

Voted as the fourth Most Liked Health Brand in the country in consumer survey conducted by 'Complete Wellbeing' magazine

Dabur India Ltd has been awarded the Top Marketer Award for 2009 in the Consumer Goods category by Pitch magazine

3838

the NDTV Profit Business Leadership Award 2008 largest pure-play FMCG

company in the list.

Page 39: DABUR PPT

DisclaimerDisclaimer

This presentation has been prepared by Dabur India Limited (“Dabur“ or “Company”) forinformational purposes only and should not be used as a basis for any investment and anyinvestment related decisions/ analysis.

N t ti t i li d i d t d li h ld b l dNo representation or warranty, express or implied is made as to, and no reliance should be placedon, the fairness, accuracy, completeness or correctness of such information or opinions containedherein. The information contained in this presentation is only current as of its date. Certainstatements made in this presentation may not be based on historical information or facts and maybe “forward looking statements”, including those relating to the general business plans andstrategy of Dabur, its future financial condition and growth prospects, future developments in itsindustry and its competitive and regulatory environment and statements which contain words orindustry and its competitive and regulatory environment, and statements which contain words orphrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, etc., or similarexpressions or variations of such expressions. These forward-looking statements involve a numberof risks, uncertainties and other factors that could cause actual results, opportunities and growthpotential to differ materially from those suggested by the forward-looking statements.

In no event shall the Company be liable for any direct, special indirect or consequential damages,or any other damages of any kind, including but not limited to loss of use, loss of profits, or loss ofdata, whether in an action in contract, tort (including but not limited to negligence), or otherwise,arising out of or in any way connected with the use of this presentation or the materials containedin, or accessed through, this presentation.

No person is authorized to give any information or to make any representation not contained inand not consistent with this presentation and if given or made such information or representationand not consistent with this presentation and, if given or made, such information or representationmust not be relied upon as having been authorized by or on behalf of Dabur. This presentationcannot be copied and disseminated in any manner.

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Investor RelationsDabur India Ltd

Contact:+91-11-42786000

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