Dabur International's annual revenue jumps 88% to Dh1.05b

Dubai: Dabur International said, its consolidated net sales jumped 88 per cent to Dh1.05 billion in 2011-12 financial year, up from Dh559.5 million.

"The company braved the macro headwinds like political crisis in the Middle East, an inflationary trend due to rising input costs and currency depreciations to deliver another year of strong growth in profits," the company said in a statement.

Dabur International is a fast-moving consumer goods (FMCG) major. The company's net profit for the 2011-12 marked a 34 per cent growth compared to the same period last year.

"This has been a strong performance for Dabur International especially in view of the extraneous circumstances causing business disruptions," Mohit Malhotra, chief executive officer of Dabur International, said in a statement.

Significant growth

The GCC, the largest region in the International Business Division, and despite being a mature market, has grown by 28 per cent over the past year.

In spite of political unrest impacting business, Dabur Egypt Limited has witnessed a 35 per cent growth in sales in local currency and 29 per cent growth.

Overall, the Mena region has shown a strong performance growing by 26 per cent. The performance was impacted by socio-political crisis in some key countries like Syria, Yemen and Libya.

"We have achieved significant growth across all our key brands and strong growth in most of our geographies. Dabur International's future growth outlook was further buoyed with successful launches of an array of new product initiatives during the year in hair styling, skin care and hair colour categories," he said.