DABUR INDIA LTD · 2018-11-26 · Company. Dabur India's FMCG portfolio today includes five flagship brands with distinct brand identities — Dabur as the master brand for natural
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DABUR INDIA LTDResult Update (CONSOLIDATED BASIS): Q2 FY19
CMP: 399.00 NOV 24th, 2018
Overweight ISIN:INE016A01026
Index DetailsSYNOPSIS
Dabur India Limited is one of the worlds largestAyurvedic and Natural Health Care Company.
Consolidated net profit registered a growth of 4.09%and stood at Rs. 3775.20 mn in the current quarteras against Rs. 3626.70 mn in the correspondingperiod of the previous year.
Consolidated revenue for the 2nd quarter stood at Rs.21249.70 mn from Rs. 19589.30 mn in thecorresponding period of the previous year, up by8.48%.
During Q2 FY19, consolidated EBIDTA was Rs.5320.40 mn as against Rs. 5042.20 mn in thecorresponding period of the previous year.
Consolidated PBT of the company for Q2 FY19registered a growth of 5.00% at Rs. 4733.80 mn asagainst Rs. 4508.20 mn in the Q2 FY18.
Revenue of the company registered at Rs. 42056.50mn in H1 FY19 as against Rs. 37489.90 mn in H1FY18, up by 12.18%.
During H1 FY19, PAT rose by 12.75% at Rs.7075.20 mn as compared to Rs. 6275.30 mn in H1FY18.
Growth in Domestic FMCG was 8.6% backed byone of the highest ever volume growth of 8.1%.
Contribution of Domestic FMCG increased to69.1% from 68.9% last year.
Consolidated Operating Margin at 21.2% ascompared to 21.4% in Q2 FY18.
Net Sales and PAT of the company are expected togrow at a CAGR of 5% and 7% over 2017 to 2020E,respectively.
Stock DataSector Personal ProductsBSE Code 500096Face Value 1.0052wk. High / Low (Rs.) 490.70/312.45Volume (2wk. Avg.) 127000Market Cap (Rs. in mn.) 704753.70
1. Sub - Total Non- Current Assets 46177.70 52618.80 60643.26 68819.45Current Assets
a) Inventories 11067.10 12561.80 14194.83 15472.37b) Financial Assets
i) Investments 7407.50 7133.90 5350.43 4547.86ii) Trade Receivables 6504.20 7060.80 8190.53 9009.58iii) Cash and Cash Equivalents 1632.20 1538.00 1261.16 1160.27iv) Bank Balance other than Cash Equivalents 1415.90 1522.60 1294.21 1164.79v) Loans 38.00 348.80 69.76 57.20vi) Others 381.20 282.70 333.59 383.62
c) Current Tax Assets (Net) 0.00 19.60 23.13 26.60d) Other Current Assets 2698.60 3910.10 4613.92 5306.01e) Assets Held for Sale 0.00 19.20 17.66 16.96
2. Sub - Total Current Assets 31144.70 34397.50 35349.21 37145.25Total Assets (1+2) 77322.40 87016.30 95992.47 105964.70EQUITY AND LIABILITIESEQUITY
a) Equity Share Capital 1761.50 1761.50 1761.50 1761.50b) Other Equity 46712.40 55303.70 61940.14 69992.36c) Non-Controlling Interest 247.70 265.30 313.05 360.01
1. Total Equity 48721.60 57330.50 64014.70 72113.87Non Current Liabilities
a) Financial Liabilitiesi) Borrowings 4703.90 3643.40 4299.21 4815.12ii) Other Financial Liabilities 37.10 42.50 38.25 36.34
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