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TRANSCRIPT
11
Edelweiss India Conference - 2010Mumbai, March 2010
Dabur India Limited
Investor Presentation
22
IndexIndex
Growth Strategy
Financials
Business Overview
Dabur India-Introduction
FMCG Industry Scenario
33
Dabur India: Key HighlightsDabur India: Key HighlightsLeading personal and healthcare company : Among top four FMCG Companies in India
Revenue of more than Rs. 28.3 billion and profits of more than Rs. 3.9 billion in FY2008-09
Strong brand equity
Dabur is a household brand
Vatika and Real are Superbrands
Hajmola , Real & Dabur ranked among India’s Most Admired Brands
Wide distribution network covering 2.8 million retailers across the country
Strong overseas presence with 20% contribution to consolidated sales
Eight Billion Rupee Brands
44
in %
EBITDA Margin (in %)
Strong FinancialsStrong Financials
13.3
15.3
17.118.1 18.5 18.3
FY04 FY05 FY06 FY07 FY08 FY09
Sales
in Rs. million
6 yr CAGR – 18%
^Sales show a decline in FY04 on account of de-merger of Pharma business*Balsara acquisition added 10% to topline in FY06
Net Profit
1,065
1,558
2,142
2,817
3,329
3,913
FY04 FY05 FY06 FY07 FY08 FY09
in Rs. million
CAGR - 30%
55
Strong Manufacturing BackboneStrong Manufacturing Backbone
NigeriaNigeriaEgyptEgypt
UAE
1.Sahibabad, U.P
2. Uttaranchal
3.Baddi, H.P
4.Jammu, J&K
5.Katni, M.P
6.Siliguri, W.B
7.Jaipur, Rajasthan
8.Silvassa
Manufacturing Locations - Global
1
2
3
4
5 6
7
8
Bangladesh
Nepal
Manufacturing Facilities
Manufacturing Locations in India
66
Supported by Robust Distribution NetworkSupported by Robust Distribution Network
C&FA
Stockist Super Stockist Institutions & Modern
trade
Wholesalers
RETAIL TRADE
Sub Stockist
CONSUMERS
Factory
Direct + Indirect Reach covering 2.8 Mn Retail Outlets
(Carry & Forward Agents)
77
And Research & Development StrengthsAnd Research & Development Strengths
New Product Development
Ayurvedic Medicines
Personal Care
Foods
Home Care
OTC Healthcare
Team of 50 scientists including Ayurvedic doctors, Pharmacists, Agro-nomists, Botanists, Tissue Culture specialists, etc
Collaboration with govt agencies
Agronomy Initiatives
Protecting endangered herbs
Technical assistance to farmers
Contract cultivation of herbs
Green House at Nepal
Environmental Initiatives
Effluent Management
Alternate sources of energy
Carbon footprint mapping
Dabur introduced more than 20 new products/variants during FY09
88
Leading to Strong Presence in FMCG CategoriesLeading to Strong Presence in FMCG Categories
Hair care includes Hair Oils & Shampoos; Oral care includes Toothpastes & Toothpowder; Skin care includes moisturizers, face cleaning, lightening, anti ageing & other skin care productsDigestives includes herbal digestives
Hair Care
Oral Care
Chyawanprash
Digestives
12%3 Dabur Amla hair Oil, Vatika hair oil & Vatika Shampoos
13%3 Red toothpaste, Babool, Meswak, Red toothpowder
7%3 Dabur Gulabari, Fem, Dabur Uveda
60%1 Dabur Chyawanprash
55%1 Hajmola
Market SharePosition Key BrandsCategory
Skin Care
Fruit Juices 45%1 Real Fruit Juices, Real Activ
99
Personal Care22%
Food Products43%
Fabric Care12%
Hair Care8%
OTC Products4%
Baby Care2%
Household4%
Others5%
FMCG Industry SnapshotFMCG Industry SnapshotKey Highlights
Category-wise share of the Sector FMCG Growth : Urban & Rural
FMCG Industry Size
Indian FMCG industry size estimated at around US$ 25 bn.
Personal care & Food products dominate the sector
Many categories are currently small and offer huge potential
Steady double digit growth in the sector
Rural India contributes c. 33% of the overall FMCG sector.
Source: AC Nielsen
Source: AC NielsenSource: AC Nielsen
in Rs. billion MAT Dec 2008
MAT Dec 2009
FMCG Industry Size 1,023.9 1,161.1
Growth rate (%) 13.4%
3%
9% 10%12%
12%
15%
11%
-8%
-1%1%
16%
10%12%
18%
-10%
-5%
0%
5%
10%
15%
20%
CY03 CY04 CY05 CY06 CY07 CY08 CY09
Urban Rural
1010
7.4%
18.2%
5.1%
14.8%12.8%
18.7%
9.0%
17.1%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%
20.00%
Shampoo Hair Oil^ Toothpaste Chyawanprash
Urban Rural
Rural Growth DriversRural Growth Drivers
* Source: CERG report on Consumer India
Source: AC Neilsen Apr-Dec 2009. ^Apr-Aug 2009
5 710
1619
0.7% 0.8% 0.9%
1.5% 1.6%
0.0%0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%
0
5
10
15
20
2006 2007 2008 2009RE 2010BE
US $ Bn As a % of GDP, Rs
Key Drivers
Multitude of structural factors driving rural demand - incomes, consumptions & govt led investments
No of rural households with annual income of more than US$2000 have touched 56 million*
Government has allocated Rs 400 bn towards National Rural Employment Generation Act (NREGA), which will help sustain and rev up rural demand
Rising farm incomes: Increasing productivity as a result of improved mechanisation and increasing power availability leading to higher farm incomes
Consumption growth: The US$200bn annual consumption expenditure of 152m rural households expected to accelerate, powered by rising farm and non-farm incomes
Category Growth: Urban Vs Rural
Source: Budget Estimates, Morgan Stanley Research
Increase in Rural spend by Government
1111
Penetration Levels: Sufficient HeadroomPenetration Levels: Sufficient Headroom
Hair Oil 22,631 94 96 93Health supplements* 1,681 8 14 5Packaged fruit Beverage 12,000 16 30 10Mosquito repellants 66,70 32 58 20Washing powders 47,027 90 93 89Washing cakes/ bars 28,269 88 91 86Utensil cleaners NA 29 59 16Shampoo 19,173 51 62 46Toilet Soap 62,170 91 96 89Tooth Paste 24,835 56 79 45Tooth Powder 4,551 31 26 33Fairness Creams NA 16 20 14Cold Creams NA 1 3 1Skin Cream 24,551 23 30 19Branded Baby Oil NA 2 2 1
Rural %Category Size (Rs Mn)Category Name All India % Urban %
Source: Industry Data, Indian Readership Survey 2008 Round 2
Low penetration levels: Room for sustained growth
Move rural penetrationto urban
levels
1212
0.5
1.0
0.4
2.9
2.0
0
0.5
1
1.5
2
2.5
3
3.5
China Indonesia India Malaysia Thailand
3.2
0.8 0.3
7.4 7.7
0
1
2
3
4
5
6
7
8
9
China Indonesia India Malaysia Thailand
1.0 1.1
0.3
2.72.4
0
0.5
1
1.5
2
2.5
3
China Indonesia India Malaysia Thailand
Per Capita Consumption: Room for GrowthPer Capita Consumption: Room for Growth
Toothpaste – Per Capita Consumption (in US$)
Skin Care – Per Capita Consumption (in US$) Shampoo – Per Capita Consumption (in US$)
in US$
in US$
in US$
Source: MOSL
India has low per capita consumption as compared to other emerging economies
1313
Key Players: FMCGKey Players: FMCGUSD Million
Source: Published results for year ending 31.03.09
*Year ending 31.12.08
**Year ending 30.06.09 annualized
***Year ending 31.12.04
Note: Market Cap. as of 29.1.10
Company Key Categories Sales Profit Market Cap
Hindustan Unilever Ltd Soaps, Detergents, Personal Care, Foods 4,383 536 11,091
Nestle India Ltd* Food, Beverages, Infant nutrition 915 119 5,140
Dabur India Ltd Personal, Health & Homecare, Foods 590 82 2,883
Britannia Industries Ltd Biscuits 706 38 780
Colgate Palmolive (I) Ltd Oral Care & Toiletries 374 61 1,936
Marico Ltd. Hair care, Food, Skincare 478 38 1,255
Glaxo Smithkline Consumer* Consumer Health Care 309 38 1,179
Cadbury India Ltd Chocolates, Confectionery, Nutrition 195 10 Unlisted
Reckitt Benckiser (India) Ltd*** Home Care 168 21 Unlisted
Godrej Consumer Products Ltd Hair Care, Soaps 290 36 1,554
Procter & Gamble** Feminine Hygiene, personal care 157 35 1,146
1414
Dabur: Business StructureDabur: Business Structure
Business Unit
Consumer Care Division
Consumer HealthDivision
International Business
Description
FMCG portfolio comprising four distinct businesses: •Personal Care•Health Care•Home Care•Foods
Range of ethical and OTC products that deliver the age-old benefits of Ayurveda in modern ready-to-use formats
Caters to the health & personal care needs of customers across different international markets spanning Middle East, North & West Africa, South Asia, EU and US through its brands Dabur and Vatika
Dabur operates through three focused Strategic Business Units
Note: Percentage share in revenue based on 9MFY10 Financials ; Femcare included in Consumer Care Division
Revenue Share
72%
8%
18%
1515
Consumer Care Division OverviewConsumer Care Division Overview
10,15812,250 14,013
16,39218,658 20,620
-
5,000
10,000
15,000
20,000
25,000
FY04 FY05 FY06 FY07 FY08 FY09
FPD: Family Products Division
HCPD: Health Care Products Division
Balsara and Fem were acquisitions
Foods division was a 100% subsidiary of DIL
in Rs. million
CCD Sales - HistoricalCategory-wise Share of CCD Sales
CAGR - 15.2%
HCPD
CCD
FPD Balsara Foods FEM
2003-2004 2006-2007 2007-2008 2008-2009
Hair Care , 31%
Oral Care , 18%
Health Supplem
ents , 20%
Digestives, 9%
Skin Care, 3%
Home Care, 5%
Foods, 14%
Note: Percentage share in revenue for 9MFY10
1616
Consumer Care Category PerformanceConsumer Care Category PerformanceGrowth Rate (Y-o-Y) for 9M FY2009-10
Consumer Care Division witnessed growth of 16% during 9MFY10
Hair care the largest category posted growth of 18%
Oral care posted 12% growth with toothpastes growing at 20%
Foods reported robust growth of 22%
Skin care grew by 30% led by Gulabari brand and its extensions
1717
Hair Oils category witnessing shift towards packaged oils from loose oils
Hair oils witnessed growth of 14% for YTD Dec ’09
Dabur Amla Hair Oil has grown strongly backed by consumer activation plans, LUP thrust (Re.1 per sachet) and wholesale activation across key geographies
Launched two new variants in light Hair oil category
Hair OilsHair Oils
7%
16%
3%
6%
31%
37%
Bajaj Dabur Dey's Medical
Emami Marico Others
Hair Oils – Market Share
Dabur Amla: Largest brand in the portfolio
Vatika: Value added coconut oil
Anmol Hair Oil: Value proposition
Value Share-ACN June, 09Vatika Enriched Almond Hair Oil
Key Brands
Key Initiatives
Amla: New Pack driving growths
1818
Dabur Total protect rolled out nationally
11%7%
46%2%
3%
24%8%
Cavinkare DaburHindustan Unilever ITCL'oreal P&GOthers
Shampoos – Market Share
Value Share-ACN June, 09
Vatika range of shampoos Dabur Total Protect Ayurvedic Shampoo
ShampoosShampoosDabur has positioned its Shampoo range
on the herbal platform
The Shampoos range comprises 7 variants
Shampoo category posted growth of 32% during the 9 months period .
Dabur Total Protect ayurvedic shampoo was launched in H1 FY2009-10
Key Brands
Key Initiatives
1919
Dabur offers Herbal oral care products based on natural ingredients
Dabur is a strong no.3 player in the Oral Care category
Oral Care recorded a growth of 12% during 9MFY10.
Babool Mint Fresh Gel launched in August’09 and received a good response
Dabur Red Tooth Paste was re-launched with new communication and packaging
RTP:Re-launched in New packLaunch of Babool Mint fresh-Gel based paste in August, 2009
3.3%48.7%
12.8%
23.6%11.5%
Anchor Health Colgate DaburUnilever Others
Oral Care – Market Share
Value Share-ACN June, 09
Dabur Red: Toothpaste & Toothpowder
Babool: Targeted at economy segment
Meswak: Premium therapeutic toothpaste
Oral CareOral CareKey Brands
Key Initiatives
2020
Health Supplements comprises Chyawanprash, Honey and Glucose
Category grew at 15% during 9MFY10
Dabur Chyawan Prash gained 140 bps market share growing by 11.5%
Dabur Glucose performed well with 59% growth.
Dabur Honey reported 15% growth with a new ad campaign and introduction of Rs.10 pack
13.2%
60.3%
8.1%
0.1%1.1% 6.3% 10.9%
Baidyanath Dabur Emami Mayer India
Ranbaxy Zandu Others
Health Supplements (Chyawanprash)
Value Share-ACN June, 09
Dabur Chyawanprash: Largest selling Ayurvedic health supplement in the country
Dabur Glucose: 2nd largest player in the country
Dabur Honey: Largest branded honey in the country; growing category through replace sugar strategy
Health SupplementsHealth SupplementsKey Brands
Key Initiatives
Dabur Chyawan
Junior relaunched
Strong performance by DCP led by Immune India Campaign & Trade activations
2121
Digestives category includes Hajmola tablets and candies
Digestives category reported growth of 13% in 9MFY10
Hajmola Tablets’ growth driven by the proposition of “post meal consumption” and activation programs (Street Foods, Organised food retail etc.)
Hajmola candies growth driven by new SKUs and school activation tie-ups with kids channels
New variants like Pudina and Kacha Aam along with aggressive activations driving growth
Kachha Aam Launched in Dec ’09
55%
7%
38%
Hajmola Satmola Others
Herbal Digestives – Market Share
Value Share-ACN March,09Candy new packaging
Hajmola: Flagship brand for branded Digestives
Hajmola tasty digestive candy
DigestivesDigestivesKey Brands
Key Initiatives
2222
Fem Skin care : Acquired recently
Dabur Uveda Fairness
58.9%
6.8%
6.6%
6.4%
3.2%
18.0%
Hindustan Lever Emami DaburLoreal Cavin Care Others
Skin Care* - Market Share
*Company estimates; Includes Fem skin care portfolio
Gulabari range of rose based skin care products: Moisturizer, Face freshener & Rose water
Skin CareSkin CareKey Brands
Key Initiatives
Three pronged strategy to build strong presence in this category
Gulabari skin care range positioned at the mass segment
Fem range of beauty and skin lightening products; and
Uveda Ayurvedic skin care positioned in the “masstige” segment
Skin care delivered strong growth of 30% in 9M FY10
Uveda, the newly launched skin care product range on Ayurvedic platform, met with encouraging consumer response. Pan India roll out expected in FY2010-11
2323
Home Care category comprises air freshners, mosquito repellants and surface cleaners
Category reported a growth of 8.4% during 9MFY10
Odonil air fresheners range has been re-launched and performed well in Q3FY10
Consumer promotions combined with new advertising leading to growth in Sani Fresh
Odonil Air Fresheners re-launched in Q3FY10
Surface Cleaners: Continued selective advertising & presented new-news through tag-ons
20%
20%
30%
5%
26%
Odonil Air wick Premium Ambipur Others
Air Fresheners– Market Share
Value Share-ACN March,09 for Air Freshener (Aerosols) category
Odonil: Air freshner range: Largest brand in the portfolio
Odomos: Mosquito repellant skin cream
Sanifresh: Toilet cleaner
Home CareHome CareKey Brands
Key Initiatives
2424
Foods comprises juices and culinary range
Real is the market leader in fruit juice category
Foods delivered growth of 22% during 9MFY10 led by both Juices & Culinary range
Hommade the culinary brand has been relaunched and posted 34% growth in 9MFY10
Hommade RelaunchMickey association leading to higher growths
45%
36.4%
15.5% 3.7%
Dabur Pepsi Priya Gold Others
Fruit Juices – Market Share
Value Share-ACN May, 09 ; Fruit Juice category
Real: Flagship beverages brand
Real Activ: Range of 100% pure juice
Real Burrst: New fruit Drink brand
FoodsFoodsKey Brands
Key Initiatives
2525
Fem CareFem CareFem care acquisition completed on June 25, 2009
Strong growth continued in Fem Care growing at 25.5% during Q3FY10
Improvement in profitability with PAT of Rs.6.22 crore during Q3FY10 vs. loss of Rs.3.9 crore last year
EBITDA Margin improved from 12.7% to 18.5% in 9MFY10
Key Initiatives driving growth:
Continuous media presence across key categories with national TV campaign for Fem Herbal Bleach, Oxy bleach & Hair Removal System (HRS).
Making brands more visible across trade channels.
Building the superiority of FEM bleaches through seminars & demonstrations
Parlor channel being leveraged and scaled up; parlour seminars held in key cities
Oxy Bleach International Fashion Week in MediaVisibility Drives
2626
Consumer Health DivisionConsumer Health DivisionDescription
Dabur is the largest OTC Healthcare company in India (Source: Nicholas Hall’s OTC Yearbook 2008)
CHD :Repository of Dabur’s Ayurvedic Healthcare knowledge
Plans underway to build a comprehensive strategy for a greater push in OTC Health space
CHD recorded a growth of 15.8% during 9MFY10 with OTC portfolio growing by 15.0% and Ethicals by strong 17.3% growth
CHD Structure
OTC (57%)
Generics
Branded Products
ETHICAL (43%)
Tonic
Classicals
Branded Ethicals
Focus on Dabur Ayurveda: Generating equity for Ethical portfolio Pudin Hara :Leading Digestives
OTC brand First ever Ad spend on Hingoli in Seven years
2727
International Business DivisionInternational Business Division
New products contributing significantly to overseas sales
1,2811,807
2,2582,917
3,760
5,250
0
1000
2000
3000
4000
5000
6000
2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
Highlights
IBD registered a topline growth of 31% for 9MFY10
Dabur’s overseas business now contributes 20% to consolidated sales led by CAGR of 33% in last 5 years
Focus markets:
GCC
Egypt
Nigeria
Bangladesh
Nepal
U.S.
High level of localization of manufacturing and sales and marketing
Leveraging the “Natural” preference among local consumers to increase share in personal care categories
Sustained investments in brand building and marketing
High Growth in IBD
in Rs. million
CAGR - 33%
2828
Growth StrategyGrowth Strategy
THREE PRONGED STRATEGY FOR SUSTAINING GROWTH
EXPAND
INNOVATEACQUIRE
DABUR INDIA
LIMITED
2929
Expansion StrategyExpansion Strategy
Targeting inorganic opportunities
Market Entry: Acquisitions critical for building scale in existing categories & markets
Synergies: Should be synergistic and make a good strategic fit
Geographies: Opportunities in focus markets
Expanding across geographiesOverseas markets: 20% of
overall company; target to sustain higher growth rates
South India: Increased contribution from 7% to 12%; Continued focus on the relevant portfolio to grow contribution
Strengthening new categoriesSkin Care: Ayurvedic skin care
range under a new brand launched; Acquisition of Fem
OTC Healthcare: Leveraging Ayurveda knowledge for a range of OTC herbal products
Fruit Drinks and Culinary: Entry into the fast growing fruit drinks category leveraging the Real franchise
Strong innovation programmeContribution: New products to
contribute 5-6% of revenuesFocus Categories: New product
activations planned up in all categories
Renovation: Periodic brand renovations to keep older products salient
3030
Inorganic StrategyInorganic StrategyAcquisition of Balsara
Balsara Group of Companies acquired in 2005 for Rs. 1.4 billion
Attractive oral care business on herbal platform; good strategic fit with Dabur
Well established brands in Home Care: Gave Dabur entry into Home Care category
Was fully integrated and turned around in the first year of acquisition
Generated significant revenue and cost synergies
Acquisition of FEM
Fem Care acquired in 2008 for Rs. 2.6 bn
Fem has entrenched equities in fairness bleach category; Market leader with over 60% market share.
The transaction gives Dabur entry into high growth skin care market with an established brand ‘FEM’ and strong product capabilities in skin care.
Acquisition expected to lead to significant revenue and cost synergies for Dabur and Fem Care
3131
18.1%
19.5%
17.00%
17.50%
18.00%
18.50%
19.00%
19.50%
20.00%
9MFY09 9MFY10
20,97125,356
05000
10000
1500020000
25000
30000
9MFY09 9MFY10
Sales: 9MFY10 v/s 9MFY09
in Rs. million
20.9%
Sales PerformanceSales Performance
Sales growth led primarily by continued double digit volume growth
Growth excluding unbranded business (commodity exports, retail etc.) at 22.4% for 9MFY10
Fem Care Pharma which was acquired in 2008-09 and consolidated with DIL w.e.f. 26th June 2009 added about 3% in 9MFY10 to topline.
EBITDA margin expanded by 148 bps during 9MFY10 led by lower input costs.
PAT increased by 28.4% during the 9MFY10 due to strong topline, improving gross margins and operating leverage despite higher ad spend & tax provisioning
148 bps
EBITDA Margin: 9MFY10 v/s 9MFY09
2,8693,683
0
1000
2000
3000
4000
9MFY09 9MFY10
PAT: 9MFY10 v/s 9MFY09
in Rs. million
28.4%
* PAT refers to Net Profit after Minority Interest
3232
Promoters, 69.5%
Mutual Funds, 2.5
%
Banks/FIs/ Insurance Cos., 8.1%
FIIs, 13.1%Indian
Public and Others, 6.9
%
Stock Performance & Shareholding PatternStock Performance & Shareholding Pattern
Dabur Outperformed the index by 36% during the period Dec 2008 to Dec 2009
*As on November 20, 2009
Shareholding Structure*Dabur’s Stock Price vis-à-vis NIFTY
3333
DIL Consolidated P&L 9MFY10 & Q3FY10DIL Consolidated P&L 9MFY10 & Q3FY10in Rs. million Q3FY10 Q3FY09 YoY (%) 9MFY10 9MFY09 YoY (%)
Gross Sales 9,325.6 7,862.1 18.6% 25,356.3 20,970.5 20.9%
Less:Excise Duty 63.8 75.6 187.6 232.7
Net Sales 9,261.8 7,786.5 18.9% 25,168.7 20,737.8 21.4%
Other Operating Income 39.9 55.8 -28.5% 146.0 209.0 -30.1%
Material Cost 4,204.2 3,967.7 6.0% 11,550.5 10,339.3 11.7%
% of Sales 45.1% 50.5% 45.6% 49.3%
Employee Costs 731.2 620.9 17.8% 2,050.0 1,755.2 16.8%
% of Sales 7.8% 7.9% 8.1% 8.4%
Ad Pro 1,349.3 875.6 54.1% 3,688.6 2,469.8 49.3%
% of Sales 14.5% 11.1% 14.5% 11.8%
Other Expenses 1,203.9 1,032.7 16.6% 3,169.2 2,764.5 14.6%
% of Sales 12.9% 13.1% 12.5% 13.2%
Other Non Operating Income 19.4 58.5 -66.8% 98.8 170.0 -41.9%
EBITDA 1,832.5 1,403.9 30.5% 4,955.2 3,788.0 30.8%
% of Sales 19.7% 17.9% 19.5% 18.1%
Interest Expenses 37.2 69.1 -46.2% 106.9 148.9 -28.2%
Depreciation/Amortization 145.6 108.8 33.8% 408.3 348.7 17.1%
Profit Before Tax (PBT) 1,649.7 1,226.0 34.6% 4,440.0 3,290.4 34.9%
Taxes 271.3 152.0 78.5% 746.4 434.9 71.6%
Profit After Tax (PAT)(Before exceptional item) 1,378.4 1,074.0 28.3% 3,693.6 2,855.5 29.4%
% of Sales 14.8% 13.7% 14.6% 13.6%
PAT (After exceptional Items) 1,378.4 1,074.0 28.3% 3,691.3 2,855.5 29.3%
PAT (After Extra ordinary item & Minority Int) 1,377.7 1,084.5 27.0% 3,683.2 2,869.3 28.4%
Basic EPS (Rs) 1.59 1.24 4.26 3.3
3434
in Rs. million As on 31st Dec 09 As on 31st Dec 08Sources Of FundsShareholders' Fund:Share Capital 866.0 865.0Reserves & Surplus 10,246.0 7,447.0
11,112.0 8,313.0Minority Interest 83.0 36.0Loan Funds:Secured Loans 1,032.0 1,410.0Unsecured Loans 1,075.0 2,107.0 1,259.0 2,668.0
Deferred Tax Liability 384.0 296.0TOTAL 13,686.0 11,313.0
Application of funds:Fixed Assets:Gross Block 12,154.0 8,420.0
Less: Depreciation 3,378.0 2,922.0Net block 8,776.0 5,498.0Investments 2,588.0 2,008.0Current Assets,Loans & AdvancesInventories 4,373.0 4,225.0Sundry Debtors 2,136.0 2,020.0Cash & Bank balances 1,514.0 2,600.0Loans & Advances 3,760.0 11,783.0 2,853.0 11,698.0
Less: Current Liabilities and ProvisionsCurrent Liabilities 6,736.0 5,074.0Provisions 3,040.0 3,162.0
9,776.0 8,237.0Net Current Assets 2,007.0 3,461.0Miscellaneous Expenditure 56.0 105.0Deferred Tax Assets 261.0 240.0TOTAL 13,686.0 11,313.0
DIL Consolidated Balance Sheet as on 31st Dec’09DIL Consolidated Balance Sheet as on 31st Dec’09
3535
AccoladesAccolades
Dabur India Ltd was ranked the Business Leader in the FMCG -Personal Care Category at the NDTV Profit Business Leadership Award 2008
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 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 company in the list.
Ranked 25th most valuable brand in the list of India's 100 Most Valuable Brands, by 4Ps.
Voted as the fourth Most Liked Health Brand in the country in consumer survey conducted by 'Complete Wellbeing' magazine
Dabur India Ltd has been awarded the Top Marketer Award for 2009 in the Consumer Goods category by Pitch magazine
3636
Investor RelationsDabur India Ltd
Contact:+91-11-42786000