ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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DABUR INDIA-Diversification through Collaborations

(Rs lakh) pany has received in-principle approval of the government of India for the proposed Euro Issue for an amount up to US $ 125 million. DABUR INDIA Diversification through Collaborations Dabur founded in 1884 by S K Burman, an allopathic doctor, was set up with the initial aim of selling allopathic formulations to treat plague, malaria and cholera. A switch over to ayurvedic medicines followed soon and today with diversions and diversifications the company, a 112 years old, has six different divisions handling care products, family products, natural gums, exports, pharmaceuticals and veterinary products. The company manufactures about 450 products marketed through a network of 3,000-odd retailers. It is the largest manufacturer of branded ayurvedic products and also their largest exporter The company achieved a turnover of Rs 387 crore for the year ended March 1995. a rise of around 26 per cent from Rs 308 crore achieved in the previous year. A rise in dividend earnings from Rs 3 crore to Rs 9 crore. a rise of 200 per cent gave a boost to total income which moved up from Rs 322 crore to Rs 408 crore for the year under review. Interest costs came down by 12 per cent while there was a rise of 43 per cent in the provision for depreciation. Profit before tax stood at Rs 31 crore up by 49 per cent from Rs 26 crore achieved last year. A 7 per cent increase in the tax provision did little harm to the bottomline and the company closed the financial year with a net profit of Rs 24 crore, up by 68 per cent from Rs 14 per cent in the previous year. A dividend of 30 per cent has been recommended by the board of directors as against 25 per cent given last year. Exports registered a growth of 49 per cent moving up from Rs 22 crore to Rs 33 crore for the year under review. Imports rose by 110 per cent. On the export front, the company ended up with a net foreign exchange inflow to the tune of Rs 20crore. Growth in demand for the company' s products in the European market was satisfactory. The company has plans to extend its range of consumer products in west and south-cast Asia. By adding these new products to its portfolio, the company hopes to achieve a 35 per cent growth in exports. The company established new markets in Morocco. Sudan and Malayasia and is planning an entry into China and Vietnam.

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