However, according to the company release, the sales turnover went up by 10 per cent on like to like basis after excluding its foods business that has been carved into a separate subsidiary. The company expects to record higher growth rates during the rest of the year as some new products are slated for launch during the second and third quarter. Recently, Dabur added a new variant to its Pudin Hara range. The board also approved a stock split of each equity share of Rs 10 into 10 equity shares of Re 1 which would lead to an increase in the number of shares of the company resulting in better liquidity. As a step towards professionalisation of Dabur's board, Dabur inducted SM Datta and Sunil Duggal on the board of directors. While Datta has formerly been the chairman of Hindustan Lever Ltd (HLL), Duggal is the vice president-family products division, Dabur.

The company has maintained its advertising and promotional expenditure at 11.5 per cent of sales and recorded healthy growth in the sales performance of some of its major health and personal care brands. While Vatika shampoo grew by more than 100 per cent, Dabur Amla Hair Oil, Special Hair Oil and Dabur Honey by 12 per cent, Hajmola by 13 per cent and Ulgel, an antacid in ethnic flavours increased by 20 per cent.

It's key pharmaceutical brand New Livfit recorded a growth of more than 100 per cent, the release added. During the quarter, the company made an additional investment of $ 3 million in Dabur Oncology plc, the subsidiary set up in the UK to manufacture and market oncology formulations for European and US markets.