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Dabur India Ltd. Interim / Quarterly Report 2021

Aug 3, 2021

59077_rns_2021-08-03_f9c1826f-e7f6-475f-9417-d7ea7c4cd132.pdf

Interim / Quarterly Report

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Ref: SEC/SE/2021-22 Date: August 03,2021

Scrip Symbol: NSE- DABUR, BSE Scrip Code: 500096

To, Corporate Relation Department BSE Ltd Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400001

National Stock Exchange of India Ltd Exchange Plaza, 5th Floor Plot No. C/l, G Block Bandra - Kurla Complex Bandra (E), Mumbai - 400051

Sub: Unaudited Financial and Segment-wise Results for the Quarter ended on June 30.2021

Dear Sir,

In Compliance with Regulations 30 and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, (hereinafter referred as 'Listing Regulations') we are pleased to submit the unaudited Financial and Segment wise results of the Company (Consolidated as well as standalone), for the quarter ended on June 30, 2021 along with Limited Review Report thereon (Consolidated as well as standalone) issued by Statutory Auditors of the Company.

The above results have been duly approved by the Board of Directors of the Company in its meeting held today i.e. August 03, 2021. The Board meeting commenced at 11:30 AM and concluded at /3- <f S' PM

In terms of Regulation 47 of the Listing Regulations, the extract of consolidated financial results, in the prescribed format, shall be published on August 04, 2021 in all editions of Hindustan Times (English Edition) and Delhi-NCR edition of Hindustan (Hindi daily).

The full format of the standalone and consolidated Financial Results for the quarter and year ended on June 30, 2021 shall be available on the websites of the Stock Exchanges where equity shares of the Company are listed i.e. www.nseindia.com and www.bseindia.com and on the Company's website at www.dabur.com. This is for your information and records.

Thanking You,

Yours faithfully, For Dabur India Limited

^1

(A^l Jai Executive V P (Finance) and Company Secretary End:as above

Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda Marg, DLF Phase II Gurugram-122002 India

^

T+91 1244628099 F+91 1244628001

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Dabur India Limited

    1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Dabur India Limited ("the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') and its joint ventures (refer Annexure 1 for the list of subsidiaries and joint venture included in the Statement) for the quarter ended 30 June 2021, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.
    1. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.
    1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

Chartered Accountants

Offices in Bengalum, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Koikata, Mumbai, New DeEhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number .AAC-2085 and its registered office at L-41 Connaught Circus, New Delhi. 110001. India

Walker Chandiok&.CoLLP

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of Dabur India Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

    1. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.
    1. We did not review the interim financial results of 24 subsidiaries included in the Statement, whose financial information reflects total revenues of ? 798.35 crores, total net profit after tax of ? 93.12 crores, total comprehensive income of ? 111.20 crores, for the quarter ended on 30 June 2021, as considered in the Statement. These interim financial results have been reviewed by other auditor whose review report have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review report of such other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the report of the other auditor.
    1. The Statement includes the Group's share of net (loss) after tax of ? 0.07 crores and total comprehensive loss of ? 0.07 crores for the quarter ended on 30 June 2021, in respect of a joint venture, based on their interim financial information, which have not been reviewed by their auditor, and have been furnished to us by the Holding Company's management. Our conclusion on the Statement, in so far as it relates to the aforesaid joint venture, are based solely on such unreviewed interim financial information. According to the information and explanations given to us by the management, these interim financial informations are not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the financial information certified by the Board of Directors.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013

Neeraj Goel Partner Membership No. 099514

UDIN: 21099514AAAAEX3749

Place: Gurugram Date: 03 August 2021

Chartered Accountants

Walker Chandiok&^CoLLP

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of Dabur India Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

Annexure 1

List of entities included in the Statement (in addition to the Holding Company)

Subsidiaries:

H & B Stores Limited, Dermovia Skin Essentials INC, Dabur International Limited, Naturelle LLC, Dabur Egypt Limited, African Consumer Care Limited, Dabur Nepal Private Limited, Asian Consumer Care Pakistan Private Limited, Asian Consumer Care Private Limited, Hobi Kozmetik, RA Pazartama, Dabur Lanka Private Limited, Namaste Laboratories LLC, Urban Laboratories International LLC, Hair Rejuvenation & Revitalization Nigeria Limited, Healing Hair Laboratories International LLC, Dabur (UK) Limited, Dabur Consumer Care Private Limited, Dabur Tunisie, Dabur Pakistan Private Limited, Dabur Pars, Dabur South Africa (PTY) Limited, D and A Cosmetics Proprietary Limited, Atlanta Body and Health Products Proprietary Limited and Excel Investments FZC, Herbodynamic India Limited.

Joint venture:

Forum I Aviation Private Limited.

^^^ •f ^: c> i F s % -? ^ ^ '& ^ °ACWS

Dabur India Limited Statement of Unaudited consolidated financial results for the quarter ended 30 June 2021 ^

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Dabur India Limited

Unaudited consolidated segment wise revenue, results, assets and liabilities for the quarter ended 30 June 2021 &

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t l
ia
bi
lit
ie
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en
s
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C
bu
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m
er
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ar
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es
s
1,
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8.
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1,
54
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1,
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d
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10
7.
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Ot
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he
ts
r s
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m
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26
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l
ta
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6.
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3,
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6.
91
3,
12
2.
13
3,
14
6.
91

Notes:

  • 1 The unaudited consolidated financial results of the Company for the quarter ended 30 June 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 03 August 2021. The statutory auditors have expressed an unmodified review report on these consolidated financial results.
  • 2 During the quarter, the Company has allotted 426,278 equity shares of face value of ^ 1 each to the eligible employees of the Company on account of exercise of vested stock options pursuant to the Dabur Employee Stock Option Scheme.
  • 3 Figures for the quarter ended 31 March 2021 are the balancing figures between audited figures for the full financial year and the reviewed year to date figures upto the third quarter of the financial year.
  • 4 The key standalone financial information of the Company is given below:
Pa
rti
la
cu
rs
Q
nd
ed
rte
ua
r e
(3
0/
/2
1)
06
02
Pr
ed
ing
rte
ec
q
ua
r
(3
1/
/2
1)
de
d
03
02
en
Co
di
rre
sp
on
ng
nd
ed
te
qu
ar
r e
(3
0/
06
/2
02
0)
Pr
io
nd
ed
ev
us
y
ea
r e
(3
1/
/2
1)
03
02
(U
ud
ite
d)
na
(R
ef
3)
ot
er
n
e
(U
ud
ite
d)
na
(A
ud
ite
d)
Re
fro
ion
at
ve
nu
e
m
op
er
s
1,
98
2.
84
1,
72
1.
86
1,
49
0.
89
7,
18
4.
73
Pr
of
it
be
fo
ta
re
x
46
7.
62
36
2.
76
35
73
5.
1,
68
3.
31
Ne
fit
fo
he
io
d/
t p
r t
ro
p
er
ye
ar
35
2.
39
30
0.
27
28
9.
43
1,
38
1.
89
Ot
he
eh
siv
inc
r c
om
pr
en
e
om
e
7.
87
(6
)
3.
34
31
.2
9
(1
6.
13
)
To
l c
eh
siv
inc
fo
he
iod
/y
ta
r t
om
pr
en
e
om
e
p
er
ea
r
36
0.
26
23
6.
93
32
0.
72
1,
36
5.
76

For and on behalf of Board of Directors

Mohit Digitally signed Burman Burman

Mohit Burman Vice Chairman DIN : 00021963

Place: New Delhi Date: 03 August 2021

Walker Chandiok &,Co LLP

Walker Chandiok & Co LLP 21st Floor, DLF Square Jacaranda Marg, DLF Phase II Gurugram- 122002 India

T+91 1244628099 F+91 1244628001

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Dabur India Limited

    1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Dabur India Limited ('the Company') for the quarter ended 30 June 2021 , being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.
    1. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.
    1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Chartered Accountants

Offices in Bengaiuru, Chandigarti, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and its registered office at L-41 Connaught Circus, New Delhi, 110001, India

Walker Chandiok^CoLLP

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of Dabur India Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), (Cont'd)

  1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013

Digitally signed by NEERAJ GOEL Date: 2021.08.03 ) 3:25:47+05'30'

Neeraj Goel Partner Membership No. 099514

UDIN: 21099514AAMEW9868

Place: Gurugram Date: 03 August 2021

Chartersd Accountants

Dabur India Limited Statement of unaudited standalone financial results for the quarter ended 30 June 2021

(^
in
s)
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re
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Dabur India Limited Unaudited standalone segment wise revenue, results, assets and liabilities for the quarter ended 30 June 2021

(^
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7.
58
2,
11
2.
94
1,
85
9.
36
2,
11
2.
94

Notes:

  • 1 The unaudited standalone financial results of the Company for the quarter ended 30 June 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 03 August 2021. The statutory auditors have expressed an unmodified review report on these standalone financial results.
  • 2 During the quarter, the Company has allotted 426,278 equity shares of face value of ^ 1 each to the eligible employees of the Company on account of exercise of vested stock options pursuant to the Dabur Employee Stock Option Scheme.
  • 3 Figures for the quarter ended 31 March 2021 are the balancing figures between audited figures for the full financial year and the reviewed year to date figures upto the third quarter of the financial year.

For and on behalf of Board of Directors

Mohit Di9ita"y Burman Mohit Burman Mohit Burman Vice Chairman

Place: New Delhi Date: 03 August 2021

DIN : 00021963