Dabur India – Stocks To Watch

Dabur India (Rs. 203.00) (Code : 500096) : FMCG player Dabur reported a 20.7 per cent jump in its net profit to Rs 107.39 crore in the quarter ended June 30,2010 and also announced the issue of bonus shares to its shareholders.The company had a net profit of Rs 88.95 crore in the corresponding quarterthe company’s total income stood at Rs 925.11 crore, an increase by 19.7 per cent from Rs 773.05 crore in the year-ago period. growth was mainly led by health supplements category and home care segments, which grew by 42.8 per cent and 31.5 per cent, respectively during the quarter. its oral care category reported a 20.2 per cent growth, the company said its foods business grew by 21.2 per cent. Besides its hair oils and skin care rose by 16.5 per cent and 12.4 per cent during the quarter. The company has also announced 1:1 bonus. It will get momentum as the monsoon is better than expected. Rain fall is much better in July as compared to last 10 years. So, the rural demand will increase for this company’s products.

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