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 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.
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.
This financial year will not be easy, mainly due to lack of pricing opportunities. Still, if volume growth remains robust, profit expansion will be good, says Dabur India CEO Sunil Duggal.
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.
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
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 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.
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.
Veteran party leader Anil Vij will seek re-election from his Ambala Cantt stronghold.
The re-opening of the Chinese economy, as it moves away from its zero-Covid policy, could help stabilise commodity prices, according to some of the country's top metal companies. They view this as a positive for demand, at a time when markets such as the US and Europe have been largely weighed down by slowdown concern now. "Most of us in the metals business are hoping the Chinese economy picks up because half of any metal demand, including demand for aluminium, comes from China.
The government should scrap the windfall profit tax on domestically produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas, the industry said in its recommendation for the forthcoming annual Budget. India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, a Rs 23,250 per tonne ($40 per barrel) windfall profit tax on domestic crude production was levied.
The next auction for bauxite blocks in Odisha may see heightened interest with Adani Group charting an entry into alumina refining and existing players looking to boost capacity. Hemant Sharma, principal secretary, Odisha industries department, said that three bauxite blocks have been scheduled for auctions this year. Adani Group - which will be setting up a 4-MMTPA alumina refinery and may enter aluminium production - is expected to bid for mines, though raw material linkages shall be available from Odisha Mining Corporation (OMC).
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
Dabur gets nearly a third of its Rs 2,900-crore international sales from Africa
Fast-moving consumer goods companies have begun assessing the impact of the rate structure declared on Thursday under the goods and services tax.
Dabur has moved quickly to take advantage of the ban.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
Double whammy for consumer firms, where the top line will remain subdued due to demonetisation and margins will squeeze owing to a crude oil spike and rupee depreciation, reports Viveat Susan Pinto/Business Standard from Mumbai.
Almost 40 per cent of a durable company's sales are achieved during the festival season
Growth in cities has lagged villages as consumers troubled by persistently high inflation have cut spending in the past two years.
From anti-profiteering to affixing stickers on existing stocks, FMCG companies are bracing for new set of GST challenges
The biggest challenge is crude oil's sustained rally - it is nearing $80 a barrel - stoking inflationary pressures and consequent price hikes in the sector.
Most analysts as well as company executives say the rally in commodity prices is ill-timed coming just when firms were recovering from disruptions such as demonetisation & introduction of GST
Falling incomes and longer winter to translate into lower demand for at least some months.
Excise duty on most products has been capped at 12.5 per cent
Initially, hair care products such as Vatika hair oil and shampoos, Meswak toothpaste, Chyawanprash and honey would be made available.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
Ramdev's company remains a dominant player in the naturals space, but products of rivals are also gaining popularity.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
India on track to be third largest consumer economy by 2025.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
Typically, about four to six weeks ahead of the polls, activity in the property market picks up as politicians begin to pull out their money parked in real estate. But this time, it's all quiet till now in real estate so far.
Corrosion is a big menace for anything with steel application from rebars in construction, oil and water pipelines, railway track, power distribution poles to automobiles, says Kunal Bose.
After being cornered by Patanjali and macro-headwinds, ayurveda major Dabur is pulling up its socks. With better sales and improved margins, the firm is now looking to leverage the renewed popularity of ayurveda, mostly ignited by rival Patanjali. Sunil Duggal, bottom, left, chief executive officer, Dabur India, shares his plans and insights with Arnab Dutta.
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