37
Dabur India Ltd Corporate Profile March, 2011
Dabur India LtdCorporate Profile
March, 2011
11
IndexIndex
Dabur India-IntroductionDabur India Introduction
FMCG Industry Scenario
Business Overview
Growth Strategy
Recent Performance
22
Dabur India: Key HighlightsDabur India: Key Highlights
Established in 1884 - more than 125 Years of Trust & Excellence
Among top 4 FMCG companies in India
Ten Billion Rupee Brands
Among top 4 FMCG companies in India
World’s largest in Ayurveda and natural healthcare
Revenue of Rs 34 billion and profits of Rs Revenue of Rs. 34 billion and profits of Rs. 5 billion in FY2009-10
Strong brand equity
Dabur is a household brand
Vatika and Real are Superbrands
Hajmola , Real & Dabur ranked among India’s Most Admired Brands
10 Brands with sales of over Rs. 1 billion each
Wide distribution network covering 2.8 million retailers across the countrymillion retailers across the country
17 world class manufacturing plants catering to needs of diverse markets
Strong overseas presence with 20%
Dabur ranked 200 in the Fortune India 500 list
Dabur moves up to take the 78th spot in the Super-100 list, released by
Dabur ranked 45 among Most Trusted Brands in India, according to Brand Trust
33
Strong overseas presence with 20% contribution to consolidated sales
Business India Report, India Study, 2011
Strong FinancialsStrong Financials
34 16740000
Sales
in Rs. million
10,997 12,004 12,849 12,356 14,17017,565
20,80323,963
28,34134,167
10000
15000
20000
25000
30000
35000
0
5000
10000
FY01 FY02 FY03 FY04^ FY05 FY06* FY07 FY08 FY09 FY10**
19 6%22.0%
in %
EBITDA Margin (in %) Net Profit
in Rs. million
1 5582,142
2,8173,329
3,913
5,032
3000
4000
5000
6000
13.3%
15.3%17.1%
18.1%18.5%18.3%19.6%
14 0%
16.0%
18.0%
20.0%
1,0651,558
0
1000
2000
FY04 FY05 FY06 FY07 FY08 FY09 FY10
10.0%
12.0%
14.0%
FY04 FY05 FY06 FY07 FY08 FY09 FY10
44
^Sales show a decline in FY04 on account of de-merger of Pharma business*Balsara acquisition added 10% to topline in FY06** Fem acquisition added 3.5% to topline in FY10
Key MilestonesKey Milestones
1884•Dr. SK Burman started an Ayurvedic Pharmacy in Kolkatta
1972•The company shifted base to Delhi from Kolkata
1986•Registered as Public Limited Company
1994•Listed on the Bombay Stock Exchange
o atta
1998 2003 2004 20051998•Professionalization process with Burman Family handing over day to management
2003•Pharmaceutical Business de-merged to focus on core FMCG business
2004•International Business Division set up in Dubai to focus on overseas opportunities
2005•Acquired Balsara strengthening Oral care & gaining entry into Home care
2006•Dabur Figured in Top
2007•Dabur ranked among
2008•Acquired Fem Care
2010•Touched US$4 billion Dabur Figured in Top
10 Great Places To Work
Dabur ranked among 'Asia's Best Under A Billion' enterprises by Forbes
Acquired Fem Care Pharma entering the mainstream Skin care segment
Touched US$4 billion market cap
2010
• Overseas acquisitions -Hobi Group, Turkey and Namaste Laboratories, US
55
Global FootprintGlobal Footprint
Canada
UK
TurkeyCanada
U.S. EgyptUAE
Nepal
y
B’Desh
Nigeria
AustraliaAustralia
Domestic Mfg. Locations
Manufacturing Facilities
Key markets
Our strategy is to localize manufacturing supply chain
66
Our strategy is to localize manufacturing, supply chain and product offerings to suit consumer requirements
in each geography
Robust Distribution NetworkRobust Distribution Network
Factory
C&FA
St ki t S St ki t
(Carry & Forward Agents)
Stockist Super Stockist Institutions & Modern
trade
Wholesalers Sub Stockist
RETAIL TRADE
CONSUMERS
77
Direct + Indirect Reach covering 2.8 Mn Retail Outlets
Research & Development StrengthsResearch & Development StrengthsStrong New Product Development
Ayurvedic Medicines
Personal Care
Team of scientists including Ayurvedic doctors, Pharmacists, Agronomists, Botanists, Tissue Culture specialists, etc. Personal Care
Foods
Home Care
OTC HealthcareAgronomy Initiatives OTC HealthcareAgronomy Initiatives
Protecting endangered herbs
Technical assistance to farmers
Contract cultivation of herbs Dabur introduced more than 15 new products/variants during FY10Contract cultivation of herbs
Green House at Nepal
Greenhouse at Dabur NepalDabur Research Facilities
products/variants during FY10
p
88
IndexIndex
Dabur India-IntroductionDabur India Introduction
FMCG Industry Scenario
Business Overview
Growth Strategy
Recent Performance
99
FMCG Industry SnapshotFMCG Industry Snapshot
1 1611,339
1,400.00
1,600.00
Key Highlights FMCG Industry Size (India)
FMCG industry size at US$30 billion inCY10 and expected to grow to US$74
in Rs. billion
755 8561,024
1,161
600.00
800.00
1,000.00
1,200.00billion in 2018*
Industry has grown at 15% in CY10
Rural sector accounts for about 33% of
0.00
200.00
400.00
CY06 CY07 CY08 CY09 CY10
total revenue
Of the entire FMCG sector, Food is52%, Non-Food at 45% and OTC 3%
FMCG Split: OTC, Food and Non-FoodFMCG Growth : Urban & Rural
Source: AC Nielsen
16% 18%20%
140,000
116 053128,580
Rs. Crores3
3%
9% 10%12%
12%
15%
11%
1%
16%
10%12%
18%
5%
10%
15%
80,000
100,000
120,000
OTC PRODUCTS
Non‐Food
Food Products
(11%)
(8%)
(14%)
(19%)(10 %)
(14 %)
82,61597,276
116,053
4646
45
4
4
43
-8%
-1%1%
-10%
-5%
0%
CY03 CY04 CY05 CY06 CY07 CY08 CY09
Urban Rural 0
20,000
40,000
60,000 Food Products
(14 %)(20 %)(22%)48
48
5050
52
1010
Source: AC NielsenSource: AC Nielsen
0
MAT Sep'07 MAT Sep'08 MAT Sep'09 MAT Sep''10
FMCG Growth StoryFMCG Growth Story
India FMCG Sector – Volume and Value Growth Rate (Y-o-Y %)
High Growth Phase
Source: Industry data, Standard Chartered Research
India’s FMCG sector reported steady sales CAGR of 11.2% over FY00-10 on the back of strong annual volume growth of ~8.5%.
Growth being driven by increasing consumption led by rise in incomes, changing lifestyles and favorable demographics
FMCG industry expected to grow in mid to high teens going ahead
1111
Penetration Levels: Sufficient HeadroomPenetration Levels: Sufficient Headroom
77%80%
80%
90%
Rural Penetration Urban Penetration
67%
77%
57%59%60%
70%
42%
37%
32%30%
40%
50%
18% 18%
3% 2%4%
19%
5%
26%
10%
20%
30%
Source: Industry Data
3% 2%0%
Toothpaste Shampoo Hair Oil Skin Cream Mosquito Repellants
Instant Noodles
Hair Dyes Floor Cleaners
Low penetration levels offer room for growth across consumption categoriesRural penetration catching up with urban penetration levels
1212
p g p p
Per Capita Consumption: Room for GrowthPer Capita Consumption: Room for Growth
Skin Care – Per Capita Consumption (in US$) Shampoo – Per Capita Consumption (in US$)
India has low per capita consumption as compared to other emerging economies
7.4 7.7
5
6
7
8
9 2.72.4
2
2.5
3in US$in US$
3.2
0.8 0.30
1
2
3
4 1.0 1.1
0.3
0
0.5
1
1.5
h d d l h l dChina Indonesia India Malaysia Thailand China Indonesia India Malaysia Thailand
Toothpaste – Per Capita Consumption (in US$)
2.9
2.02
2.5
3
3.5in US$
0.5
1.0
0.4
0
0.5
1
1.5
China Indonesia India Malaysia Thailand
1313
China Indonesia India Malaysia Thailand
Source: MOSL
Key Players: FMCGKey Players: FMCGUSD Million
Company Key Categories Sales Profit Market Cap
Hindustan Unilever Ltd Soaps, Detergents, Personal Care, Foods 4,479 538 12,897
Nestle India Ltd* Food, Beverages, Infant nutrition 1,101 141 6,867, g , , ,
Dabur India Ltd Personal, Health & Homecare, Foods 733 108 3,475
Britannia Industries Ltd* Biscuits 734 33 918Britannia Industries Ltd Biscuits 734 33 918
Colgate Palmolive (I) Ltd* Oral Care & Toiletries 364 62 2,381
Marico Ltd. Hair care, Food, Skincare 571 49 1,513
Glaxo SmithklineConsumer* Consumer Health Care 412 50 1,881
Godrej Consumer Hair Care, Soaps 438 72 2,315Godrej Consumer Hair Care, Soaps 438 72 2,315
Procter & Gamble^ Feminine Hygiene, personal care 166 39 1,033
1414
Source: Published results for year ending 31.03.10
*Year ending 31.12.09
^Year ending 30.06.09
Note: Market Cap. as of 06.02.11
Dabur: Strong Presence in FMCG CategoriesDabur: Strong Presence in FMCG Categories
Market SharePosition Key BrandsCategory
Hair Care
Oral Care
12%3 Dabur Amla hair Oil, Vatika hair oil & Vatika Shampoos
13%3 Red toothpaste, Babool, Meswak, Red toothpowdertoothpowder
7%3 Dabur Gulabari, Fem, Dabur Uveda Skin Care
Ayurvedic Tonics
Digestives
66%1 Dabur Chyawanprash
55%1 HajmolaDigestives 55%1 Hajmola
Fruit Juices 52%1 Real Fruit Juices, Real Activ
Honey 1 50% Dabur Honey
Glucose 2 26% D b Gl
1515
Hair care includes Hair Oils & Shampoos; Oral care includes Toothpastes & Toothpowder; Skin care includes moisturizers,face cleaning, lightening, anti ageing & other skin care products; Digestives includes herbal digestives
Glucose 2 26% Dabur Glucose
IndexIndex
Dabur India-IntroductionDabur India Introduction
FMCG Industry Scenario
Business Overview
Growth Strategy
Recent Performance
1616
Business StructureBusiness Structure
Business Unit Description
Dabur operates through three focused Strategic Business Units
Revenue Share
Consumer Care FMCG portfolio comprising fourdistinct businesses:• Personal Care
Share
72%Division • Health Care• Home Care• Foods
72%
Consumer HealthDivision
Range of ethical and OTC productsthat deliver the age-old benefits ofAyurveda in modern ready-to-useformats
8%
I t ti l
formats
Caters to the health & personal careneeds of customers across different
International Business
international markets spanningMiddle East, North & West Africa,South Asia, EU and US through itsbrands Dabur and Vatika
18%
1717
Note: Percentage share in revenue based on FY10 Financials ; Femcare included in Consumer Care Division
Consumer Care Division OverviewConsumer Care Division OverviewHCPD
CCD
FPD Balsara Foods FEM
FPD: Family Products Division
CCD2003-2004 2006-2007 2007-2008 2008-2009
HCPD: Health Care Products Division
Balsara and Fem were acquisitions
Foods division was a 100% subsidiary of DIL
in Rs. million
CCD Sales - Historical
Hair Care 29%
Home Care6%
Foods16%
Category-wise Share of CCD Sales
29%
Skin Care6%
6% 16%
Oral Care 18%
Health Supplemen
ts
Digestives8%
1818
17%
Note: Percentage share in revenue for H1 FY11
Brand ArchitectureBrand Architecture
Starting from Ayurveda, the company successfully ventured into herbal arena becoming the ‘Herbal Specialist’While herbal businesses form the core with 85% of revenues, the company’s growth ambitions are not limited by it.A robust brand architecture ensures that the core values remain intact
Brand Architecture
Herbal Space Natural / Non-herbal Space
DaburHerbal
Healthcare
VatikaPremium Personal
Care
HajmolaTasty
Digestives
RealFruit
Beverages
BalsaraHome Care
UvedaAyurvedicSkin care
FEMFairness Skin
solutions
Rs 17.0 bn Rs 3.9 bn Rs 1.4 bn NA Rs 3.0 bn Rs 1.3 bn
B and si e pe tains to FY2008 09 sales in India and o e seas Fem had sales of abo t Rs 30 mn in o e seas ma kets in FY09
Rs 1.0 bn
1919
Brand size pertains to FY2008-09 sales in India and overseas; Fem had sales of about Rs.30 mn in overseas markets in FY09
Consumer Care CategoriesConsumer Care Categories
7%
Market ShareKey Brands
Hair Oil
16%
3%
6%
37%
6%
31%Bajaj Dabur Dey's MedicalEmami Marico Others Dabur Amla:
Largest brand in Vatika: Value added coconut oil
Anmol Hair Oil: Value propositionValue Share ACN June 09 Largest brand in
the portfoliococonut oil Value propositionValue Share-ACN June, 09
Key Brands
Shampoo
10%6%
24%
14%
Market ShareKey Brands
46%
24%
Cavinkare Dabur HULVatika range of shampoos
2020
P&G Others
Value Share-ACN MAT Dec-2010
Consumer Care CategoriesConsumer Care Categories
13.9%
Market Share Key Brands
Oral Care
50.0%
13.4%
22.7%
Colgate HUL Dabur Others
Value Share -ACN MAT Dec 2010
Dabur Red: Toothpaste & Toothpowder
Babool: Targeted at economy segment
Meswak: Premium therapeutic toothpaste
Chyawanprash – Market Share
Value Share ACN MAT Dec, 2010 toothpaste
Key BrandsHealth Supplements
13.6%
65.8%
7.2%
2.9%10.5%
Baidyanath Dabur Emami Zandu OthersDabur Chyawanprash: Dabur Glucose:
Dabur Honey: Largest b d d h h
2121
Volume Share-ACN MAT - Dec, 2010
Dabur Chyawanprash: Largest selling health supplement in the country
Dabur Glucose: 2nd largest player in the country
branded honey in the country; growing category through replace sugar strategy
Consumer Care CategoriesConsumer Care Categories
Market ShareKey Brands
Foods
52.0%13.0%
35.0%
Dabur Pepsi Others
C E t M 2010 f F it J i t Real: Flagship Real Activ: Range
Market Share*
Company Est. Mar, 2010 for Fruit Juice category Real: Flagship beverages brand of 100% pure juice
Key Brands
Skin Care
58.9%
6.4%
3.2%
18.0%
Key Brands
6.8%
6.6%
Hindustan Lever Emami DaburGulabari range of rose F G ld Bl h Uveda: Range of
2222
Loreal Cavin Care Others
*Company estimates;
Includes Fem skin care portfolio
Gulabari range of rosebased skin careproducts: Moisturizer,Face freshener & Rosewater
Fem Gold Bleach: Launched recently
Uveda: Range of Ayurvedic Skin Care
Consumer Care CategoriesConsumer Care Categories
37%
Market Share Key Brands
Digestives
55%37%
8%
Hajmola Satmola Others
Value Share-ACN MAT Dec, 2010
Hajmola: Flagship brand for branded Digestives
Hajmola tasty digestive candy
Air Fresheners – Market Share
a ue S a e C ec, 0 0
Key Brands
Home Care
20%26%
20%
30%
5%
Odonil Air wick Premium Ambipur Others
Odonil: Air freshner Odomos: Mosquito Sanifresh:
2323
Value Share-ACN March, 2010 for Aerosols categoryOdonil: Air freshner range: Largest brand in the portfolio
Odomos: Mosquito repellant skin cream
Sanifresh: Toilet cleaner
Consumer Health DivisionConsumer Health DivisionDescription
CHD: Repository of Dabur’s AyurvedicHealthcare knowledgeRange of over 260 products
CHD Structure
O C (6 %) C (36%)Range of over 260 productsFocusing on multiple therapeutic areas.Distribution coverage of 200,000chemists, ~12,000 vaidyas & 12,000Ayurvedic pharmacies
OTC (64%)
Generics
Branded Products
ETHICAL (36%)
Tonic
Classicals
Branded EthicalsAyurvedic pharmaciesFocus on growing the OTC Health-Careportfolio aggressively
Branded Ethicals
OTC Healthcare is Rs.130 billion sizeindustry
Healthcare Focus
industryExpected to grow at 14-15% p.a. aspreference for Over-the-Counter productsacceleratesDabur to expand its presence by :
Honitus: Day & Night for Cold and Flu relief
Pudin Hara Lemon Fizz for digestion
Dabur to expand its presence by :Consolidating / expanding currentportfolioLaunching new products inemerging therapeutic areas
2424
Promoting Dabur Ayurveda: Generating equity for Ethical portfolio
emerging therapeutic areasLook at inorganic opportunities
International Business DivisionInternational Business DivisionStarted as an ExporterFocus on Order fulfillment through India Mfg.
Set up a franchisee at Dubai in 1989Demand generation led to setting up of mfg in Dubai & Egypt
Renamed franchisee as Dabur International LtdLocal operations further strengthenedSet up new mfg facilities in Nigeria,RAK & Bangladesh
Building scale-20% of overall Dabur Sales (FY09)High Levels of LocalizationGlobal Supply chain
1980’s Early 90’s 2003 Onwards Today
Highlights
Dabur’s overseas business contributes 18%to consolidated sales led by CAGR of 29% inlast 6 yearsF k t
High Growth in IBD
in Rs. million
Focus markets:GCCEgyptNigeriaTurkeyBangladeshNepalU.S.
New products contributing
High level of localization of manufacturingand sales and marketingLeveraging the “Natural” preference amonglocal consumers to increase share in personalcare categories
2525
significantly to overseas salescare categoriesSustained investments in brand building andmarketing
IndexIndex
Dabur India-IntroductionDabur India Introduction
FMCG Industry Scenario
Business Overview
Growth Strategy
Recent Performance
2626
Growth StrategyGrowth Strategy
EXPAND
DABUR INDIA
INNOVATEACQUIRE
LIMITED
INNOVATEACQUIRE
THREE PRONGED STRATEGY FOR SUSTAINING GROWTH
2727
Expansion StrategyExpansion Strategy
Targeting inorganic opportunities
Market Entry: Acquisitions
Strengthening new categoriesSkin Care: Ayurvedic skin care range under a new brand y q
critical for building scale in existing categories & marketsSynergies: Should be synergistic and make a good strategic fit
glaunched; Acquisition of FemOTC Healthcare: Leveraging Ayurveda knowledge for a range of OTC herbal productsFruit Drinks and Culinary: strategic fit
Geographies: Opportunities in focus markets
Fruit Drinks and Culinary: Entry into the fast growing fruit drinks category leveraging the Real franchise
Expanding across geographiesOverseas markets: 20% of
Strong innovation programmeContribution: New products to Overseas markets: 20% of
overall company; target to sustain higher growth ratesSouth India: Increased contribution from 7% to 12%;
Contribution: New products to contribute 5-6% of revenuesFocus Categories: New product activations planned up in all categoriesR i P i di b d Continued focus on the
relevant portfolio to grow contribution
Renovation: Periodic brand renovations to keep older products salient
2828
Acquisition of Hobi Group, TurkeyAcquisition of Hobi Group, TurkeyAcquisition of Hobi Group, Turkey for a totalconsideration of US$ 69 Million completed onOctober 7, 2010
Hobi manufactures and markets hair, skin andbody care products under the brands Hobbyand New Era
Product range of the company isProduct range of the company iscomplementary to our product range
Acquisition provides an entry into anotherattractive emerging market and a goodg g gplatform to leverage this across the region
2929
Acquisition of Namaste LaboratoriesAcquisition of Namaste LaboratoriesDabur India Limited through its subsidiary Dabur International Limited acquired 100% stakein Namaste Laboratories LLC for $100 million, in an all-cash deal on January1, 2011
Namasté is a leading ethnic hair care products company, having products for women ofcolour, with revenues of about $93 million (Expected CY2010) from US, Europe, Middle Eastand African markets
The company markets a portfolio of hair care products under the brand ‘Organic RootStimulator’ and has a strong presence in ethnic hair care market for women of colour.g p
Acquisition to enable entry into Ethnic Hair Care products market valued at more than US$1.5billion and tap into significant market opportunity in the fast growing, hugely populated (~1Bn) yet highly underpenetrated consumer markets of Sub Saharan Africa
At i iti i f $100 illi th d l l i t 1 1 S l d 8 3 EBITDAAt an acquisition price of $100 million, the deal value is at 1.1x Sales and 8.3x EBITDA
3030
IndexIndex
Dabur India-IntroductionDabur India Introduction
FMCG Industry Scenario
Business Overview
Growth Strategy
Recent Performance
3131
Financial Performance – 9M and Q3 FY 2010-11Financial Performance – 9M and Q3 FY 2010-11
25,60729,926
Sales: 9MFY11 v/s 9MFY10
in Rs. million
9,32310,878
Sales: Q3FY11 v/s Q3FY10
in Rs. million
S l f 9MFY11 i d b 16 9% hi h l l l d i
9MFY10 9MFY11 Q3FY10 Q3FY11
Sales for 9MFY11 increased by 16.9% which was largely volume driven
PAT: 9MFY11 v/s 9MFY10 PAT: Q3FY11 v/s Q3FY10
1,3781,541
3,6704,219
in Rs. million in Rs. million
Q3FY10 Q3FY119MFY10 9MFY11
3232
PAT increased by 15% during 9M FY11 despite input cost inflation and increased taxation
Stock Performance & Shareholding PatternStock Performance & Shareholding Pattern
Shareholding Structure*Market Capitalization in Rs. billion
170FIs/
MFs/Ins. Cos., 7.8%
FIIs, 16.4%
Indian Public and Others, 7.1
%
170
Promoters,68.7%
17
*As on December 31, 2010
2001 2010
Dabur ranked as the organization that offers the best return to investors by the 6th Social & Corporate Governance Awards, presented by the Bombay
Stock Exchange
3333
Consolidated P&LConsolidated P&Lin Rs. million Q3FY11 Q3FY10 YoY (%) 9M FY11 9MFY10 YoY (%)
Gross Sales 10,878 9,323 16.7% 29,926 25,607 16.9%
Less:Excise Duty 78 64 234 188
Net Sales 10 800 9 258 16 6% 29 692 25 419 16 8%Net Sales 10,800 9,258 16.6% 29,692 25,419 16.8%
Other Operating Income 69 27 153.1% 256 139 84.8%
Material Cost 5,231 4,223 23.9% 14,162 11,664 21.4%
% of Sales 48.1% 45.3% 47.3% 45.6%
Employee Costs 801 735 9 1% 2 308 2 093 10 2%Employee Costs 801 735 9.1% 2,308 2,093 10.2%
% of Sales 7.4% 7.9% 7.7% 8.2%
Ad Pro 1,349 1,351 -0.1% 4,071 3,779 7.7%
% of Sales 12.4% 14.5% 13.6% 14.8%
Other Expenses 1 323 1 192 11 0% 3 660 3 213 13 9%Other Expenses 1,323 1,192 11.0% 3,660 3,213 13.9%
% of Sales 12.2% 12.8% 12.2% 12.5%
Other Non Operating Income 20 38 -48.5% 159 175 -9.0%
EBITDA 2,184 1,823 19.8% 5,906 4,983 18.5%
% of Sales 20 1% 19 6% 19 7% 19 5%% of Sales 20.1% 19.6% 19.7% 19.5%
Interest Expenses 54 28 91.1% 144 151 -4.2%
Depreciation 160 131 22.2% 437 372 17.4%
Amortization 73 14 423.6% 130 41 215.0%
Profit Before Tax (PBT) 1 897 1 651 15 0% 5 195 4 419 17 6%Profit Before Tax (PBT) 1,897 1,651 15.0% 5,195 4,419 17.6%
Tax Expenses 357 273 30.9% 976 747 30.7%
Provision for Taxation for Earlier years 3
PAT(Before exceptional item) 1,541 1,378 11.8% 4,219 3,670 15.0%
% of Sales 14 2% 14 8% 14 1% 14 3%
3434
% of Sales 14.2% 14.8% 14.1% 14.3%
PAT(After exceptional Items) 1,541 1,378 11.8% 4,219 3,670 15.0%
PAT (After Extra ordinary item & MI) 1,544 1,393 10.9% 4,216 3,678 14.6%
Consolidated Balance SheetConsolidated Balance Sheetin Rs. million As on Dec 31, 2010 As on Dec 31, 2009Sources Of FundsShareholders' Fund:Share Capital 1,741 866Reserves & Surplus 11 881 7 939Reserves & Surplus 11,881 7,939
13,620 8,805Minority Interest 41 83Loan Funds:Secured Loans 6,573 1,032U d L 856 7 429 1 075 2 107Unsecured Loans 856 7,429 1,075 2,107Deferred Tax Liability 174 123TOTAL 21,260 11,120Application of funds:Fixed Assets:Gross Block 13,729 9,253less: Depreciation 4,278 3,378Net block 9,451 5,875Capital WIP 414 593
Investments 1,201 2,588, ,Current Assets,Loans & AdvancesInventories 5,446 4,373Sundry Debtors 2,689 2,135Cash & Bank balances 6,364 1,514Loans & Advances 5,162 19,661 3,760 11,782Loans & Advances 5,162 19,661 3,760 11,782
Less: Current Liabilities and Provisions:Current Liabilities 6,087 6,526Provisions 4,306 3,250
10,393 9,776N t C t A t 9 268 2 006
3535
Net Current Assets 9,268 2,006Miscellaneous Expenditure 930 56Deferred Tax AssetsTOTAL 21,260 11,120
AccoladesAccolades
R k d 28th i ET B d Ranked 28th in ET-Brand Equity Most Trusted Brands 2009 list.
Listed in Forbes’ 200 Best Under-A-Billion Companies List
Ranked 79th in 'Super 100' list announced by Business India
Ranked 25th most valuable brand in the list of India's 100 Most Valuable Brands, by 4Ps.
Voted as the fourth Most Dabur India Ltd has been awarded the Top Marketer A d f 2009 i th
Dabur India Ltd was ranked the Business Leader in the FMCG -Personal Care Category at the NDTV Profit Business Leadership Award 2008
Ranked 182 in ET-500, the annual listing of India's Blue Chip companies by The Economic Times. Also ranked as the fourth largest pure-play FMCG
Liked Health Brand in the country in consumer survey conducted by 'Complete Wellbeing' magazine
Award for 2009 in the Consumer Goods category by Pitch magazine
3636
Leadership Award 2008company in the list.
Investor RelationsDabur India Ltd
Contact:+91-11-42786000
3737
