Homegrown FMCG major Dabur India on Wednesday outlined a four-year business plan involving an aggressive expansion strategy in the domestic and foreign markets, including new product launches and acquisitions, to double sales and profits by the end of fiscal 2009-10.
The company, which is looking at consistent double digit growth across all product segments over the next four years, expects sales to grow to Rs 4,000 crore (Rs 40 billion) by fiscal 2009-10 and profits at around Rs 400 crore (Rs 4 billion).
"The new plan envisages an aggressive strategy built around expansion, acquisition and innovation across various markets and product segments to drive growth," Dabur India CEO Sunil Duggal told reporters at the company's corporate office at Sahibabad in Uttar Pradesh.
He said international business, homecare, healthcare and foods would be the growth drivers for the company in the coming years.
As part of the focus on export markets, which Dabur hopes will contribute 16 per cent to sales by 2009-10 against the existing nine per cent, Duggal said the company would be expanding operations in focussed markets like Saudi Arabia, Kuwait, Bahrain, Bangladesh, Pakistan, Nepal, Egypt, Nigeria and the United States.
"We are also looking at beginning local manufacturing in Pakistan and Russia," he said, adding that the focussed markets were expected to contribute around 75-80 per cent to export revenues in the next four years.
The company currently has about six manufacturing units overseas, including in the United Arab Emirates, Nepal, Egypt, Bangladesh and Nigeria.
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