FMCG firm Dabur India on Monday signed cricketer Virender Sehwag and his wife Arti as brand ambassadors for select oral, hair and healthcare products.
Dabur India on Wednesday said it was in talks with three firms to acquire their brands, while also acquiring a brand from its sister concern Dabur Pharma and introducing more products this fiscal.
Having bought over the promoters' stake in Balsara, homegrown FMCG major Dabur India said on Monday it would make an offer to other shareholders for buying out the residual equity.
Dabur India on Monday filed its scheme of demerger of the pharma and MNC businesses in the Delhi high court, after its board of directors approved the proposal.
Sources close to the development said this could happen at a meeting of the company's board of directors on Thursday.
Dabur India is expected to announce the highest ever 125-150 per cent dividend as well as the swap ratio for the proposed demerger of pharma and FMCG businesses at its board meeting scheduled to be held in New Delhi on Friday.
'Merely keeping low price may help in the lower segment initially but people have become much more aware and careful about their health and it will eventually determine value for money.'
The company has also entered into an agreement with Pogo under which Odomos will use the image of Pogo's character Chota Bheem to adorn the wristband and mosquito repellent patches.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Burman had sought permission to travel to Dubai from May 3-7.
The stores will house everything from cosmetics and beauty products to healthcare and wellness products from a wide range of companies like P&G, Dabur, Hindustan Unilever and Johnson & Johnson. At the same time, they will also offer prestige products like Lancome, Clinique and MAC.
Dabur is likely to launch these new products in the beginning of the next fiscal.
In its petition before the Delhi high court, Dabur alleged that the US-based company is infringing on the trademark of its skincare range, Uveda, which is also based on Ayurveda therapy.
Dabur India on Thursday announced the acquisition of Balsara Hygeine and Home Care businesses for Rs 143 crore (Rs 1.43 billion) and said it would look at more buyouts to capitalise on the consolidation in the sector.
Beaming with its successful Rs 143 crore (Rs 1.43 billion) acquisition of Balsara group of companies, Dabur India on Thursday said takeover would be a significant part of its growth strategy as it had resources to acquire fairly 'large sized compani
Homegrown FMCG major Dabur on Tuesday said it would finalise plans within the next six months to set up a manufacturing unit in Pakistan through a joint venture. "We hope to conclude discussions soon... in the next six months," Sunil Duggal, CEO, Dab
Dabur's international business stands at around Rs 380 crore (Rs 3.8 billion), out of which Nepal accounts for Rs 40 crore (Rs 400 million), while Pakistan contributes around Rs 10-12 crore (Rs 100-120 million). However, the bulk of Dabur's international business comes from the GCC (Gulf Cooperation Council) countries and Africa.
Dabur India on Tuesday said it was planning a Rs 22 crore (Rs 220 million) investment in capacity expansion this fiscal to set up new manufacturing units and has identified Vatika as the umbrella brand for the fast moving consumer goods business.
India's fast-moving consumer goods (FMCG) sector witnessed growth in rural consumption in volume terms outpace urban consumption for the first time in five quarters, in the January-March period. According to a report from consumer intelligence firm NIQ, rural consumption grew at a rate of 7.6 per cent year-on-year (Y-o-Y) in Q1CY24, overtaking that in urban areas which stood at 5.7 per cent.
Dabur's acquisition is in line with its strategy to build a global presence in the international FMCG market.
FMCG major Dabur said it has completed the acquisition of the US based personal care firm Namaste Group for $100 million (about Rs 451 crore) in an all-cash deal. "The company's wholly-owned subsidiary Dermoviva Skin Essentials has completed the acquisition process by acquiring 100 per cent stake in leading personal care companies of Namaste Group, US," Dabur said in a statement.
Dabur is in advanced negotiations with the US company, and is likely to close the deal shortly. The deal size is in the region of Rs 500 crore.
As a part of its overseas expansion, homegrown FMCG major Dabur will set up an integrated plant in UAE with an investment of about Rs 20 crore (Rs 200 million).
The Competition Commission of India has approved the acquisition of 31.27 per cent of additional stake in Religare Enterprises by four entities of Dabur India promoter Burman family, enabling them to become majority owners in the financial services firm. The fair trade regulator allowed the four entities to acquire Religare's 5.27 per cent through stock market purchase and another 26 per cent through an open offer.
The Burman family is in talks to buy less than 26 per cent stake in Espirito Santo India.
Fast moving consumer goods company Dabur is planning to acquire more companies in the healthcare segment in India and could spend up to Rs 500 crore for the buyouts.
Already a fifth of the nearly Rs 8,000 crore toothpaste market in India (around Rs 1,500 crore) is herbal with the segment estimated to become a fourth (or Rs 2,000 crore) in the next few years.
These Indian companies truly defined the essence of entrepreneurship.
Having already put in place an elaborate mechanism for self-evaluation of its board members, Dabur India said on Thursday that it will adopt a comprehensive whistle blower policy in the January 28
Companies manufacturing fast-moving consumer goods (FMCG) continue to see rural stress sustain and it continues to trail urban demand. At the Confederation of Indian Industry's FMCG summit, managements of various companies pointed out urban demand continued to grow while rural demand remained under pressure because incomes were under stress in rural areas. "Due to rural stress, volumes continue to remain an issue for the industry and we are yet to see any revival in demand," Sudhir Sitapati, managing director (MD) and chief executive officer (CEO) at Godrej Consumer Products
Dabur to consider demerger of pharma biz
In a clear indication of things to come, homegrown FMCG major Dabur India has decided to increase prices 5 per cent across most product categories to accommodate the sharp rise in the price of flexible packaging material made of polymers. This is the sharpest price rise effected by the company in eight years.
Stocks in the automotive, financial, cement, metal, and hotel sectors are likely to benefit if the Narendra Modi-led Bharatiya Janata Party (BJP) comes back to power for a third time. The key investment themes have been identified after analysing the Sankalp Patra - the party's manifesto for the next five years - released on Sunday.
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
A case was registered against Burman under the Income Tax Act for the offences relating to concealment of income and tax evasion.
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