Dabur profits up 34% in fourth quarter, will pay dividend of Rs 3 per share

Dabur has announced the fourth quarter results for the financial year 2020-21. During this period, the consolidated profit of the company increased by 34 percent to Rs 377.3 crore on an annual basis. Whereas in the fourth quarter of FY 2020, the company’s profit was Rs 281.6 crore. The consolidated revenue of the company in the fourth quarter increased by 25.3 per cent year-on-year to Rs 2,337 crore from Rs 1,865.4 crore in the fourth quarter of FY 2020.

Dabur said, our financial position is strong

According to Dabur India CEO Mohit Malhotra, despite challenging conditions in the market, Dabur has achieved double digit growth for the second consecutive quarter. The company’s financial position remains strong, with a 25.6 per cent increase in business during FY 2020-21. In the same consumer care segment, Dabur’s income grew 26.36 per cent to Rs 2,009.63 crore in the January-March quarter of FY 2020-21, from Rs 1,590.38 crore in the same period of the previous financial year.

Announcement of dividend of three rupees per share

Apart from this, in the last quarter of the financial year 2020-21, the food business of the company also grew by 24.93 per cent to Rs 274.14 crore. Which was Rs 219.44 crore in the same period of the last financial year. Meanwhile, Dabur has told that in the meeting held on Friday, the company’s board decided to give a dividend of Rs 3 per share. On Friday, the company’s stock closed at Rs 538.60. However, analysts say that the company’s financial results have been worse than anticipated.

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