Page 5 - Dabur India

Stocks to Watch today, Nov 15: Dabur, ASK Auto, TaMo, PC Jeweller, Yatra

Stocks to Watch on Wednesday, November 15, 2023: The Mumbai Police has filed an FIR in connection with the Mahadev betting app scam against prominent figures from the Dabur Group

FIR filed in Mahadev betting case, Dabur Group's Burmans deny charges

"Mohit Burman and Gaurav Burman do not know or have ever met the accused mentioned in the FIR being selectively circulated in the media," the spokesperson of Burman Family said

Dabur expects Badshah Masala to grow sales, takes it to overseas markets

Homegrown FMCG major Dabur is taking its spice brand Badshah to overseas markets, expecting the brand it acquired last year to contribute around 4 per cent to international sales this fiscal, its CEO Mohit Malhotra said. The company is eyeing the diaspora markets of the US, UK and the Middle East and is in the process of getting regulatory approvals and upscaling manufacturing. Also, in the domestic market, Dabur has plans to take Badshah Masala to North, East and South besides expanding further in western markets of Maharashtra and Gujarat. "The business (Badshah) is growing and this year it should contribute around 3-4 per cent of our overall international business. We expect a high double-digit growth from here," Malhotra told PTI. According to him, overseas markets present a "big business opportunity" for Badshah, specially in the UK and US where there is a significant presence of Indian diaspora which consumes Indian spices. "We feel Badshah has a lot of scope in the UK and .

Good recovery in rural mkts, hopeful to grow at par with urban: Dabur CEO

Home-grown FMCG major Dabur India is seeing "very good recovery" in rural markets and expects growth from these markets to come at par with the urban market in the next 3-4 quarters, CEO Mohit Malhotra said. As inflation is coming down with the cooling of commodity prices, a "slow volume recovery" is happening in those markets, which is narrowing the difference between the growth rate between rural and urban, he said. The recovery from the rural market is likely to continue despite a disruption in rain in some parts of the country, led by factors such as hike in MSP, good sowing of winter crops, and election season. Besides, India's unemployment rate has decreased in the rural areas and the consumer confidence index is also at an all-time high, almost reaching the pre-COVID level, he added. "There are definite very good recovery signs, which actually I am seeing. The festive season which is coming in, should augur very well for us going forward in the future. So I am very hopeful,"

Open to acquisitions in health, personal care categories: Dabur Chairman

Dabur India is the maker of Hajmola and Fem beauty bleach

Burmans write to Sebi seeking probe into Religare share sale by chairperson

The Burman family has written to the Securities and Exchange Board of India, seeking a probe into trades in the shares of the Religare Enterprises Ltd by chairperson Rashmi Saluja

No plans to change board after Religare buy: Dabur Chairman Mohit Burman

Burman said the family office has been a shareholder of REL since 2018 and participated in its two preferential issues in 2018 and 2021

Dabur India looking for acquisitions with Rs 7,000 cr cash reserve: CEO

Homegrown FMCG maker Dabur India, armed with a cash reserve of Rs 7,000 crore, is scouting for acquisition opportunities in healthcare and home & personal care segments, according to its CEO Mohit Malhotra. Besides, Dabur is looking for acquisition opportunities in the online space, and with several D2C (Direct to Consumer) brands operating in it, it finds the valuation "more reasonable" now and will pursue it if it finds a suitable one for growth, he said. The company is scaling its presence in the online space, which includes e-commerce channels and D2C business, where it plans to introduce more innovations under existing brands and through inorganic opportunities. "We are introducing innovations there. Those innovations are coming on the back of existing brands and these innovations will come on the back of some new brands that we might launch or we are looking at an acquisition for a new brand," Malhotra told PTI. The company would pursue organic growth with new brand launches

Dabur Q2 results: Net profit rises 5.1% to Rs 515 cr, ad spends grow 42.6%

Analysts, on average, had expected a profit of Rs 513 crore, according to LSEG data

Dabur appoints former CEC Sushil Chandra as new independent director

Chandra has been appointed as an independent director for a period of five years, subject to the approval of shareholders

Stocks to Watch today: Bajaj Auto, Wipro, RIL, Dabur, IndusInd, Bandhan Bk

Stocks to watch on Thursday, October 19, 2023: FMCG majors ITC, Hindustan Unilever and Nestle also likely to be in focus ahead of Q2 results today.

Dabur receives Rs 320 crore GST demand; company to challenge notice

The company intends to challenge the notice based on 'strong merits' in front of the relevant authorities and has ensured this does not impact the overall financials or operations going forward

Market regulator Sebi examining Burmans' open offer for Religare Ent

On September 26, the Burman family announced the open offer to acquire an additional 26 per cent stake in Delhi-based Religare Enterprises, costing up to Rs 2,116 crore

FMCG consumption showing improvement, gradually recovering: Dabur India

Helped by encouraging macro indicators, FMCG consumption is showing improvement year-on-year, though the recovery has been gradual, Dabur India said in its quarter updates. This quarter witnessed a mild summer and a slightly deficient monsoon. The festive season is later than normal this year due to which offtake related to festivals is delayed and will carry forward to the next quarter, it said. "We expect recovery of consumption in both urban and rural markets in India due to improving macro indicators, increase in government expenditure and positive consumer sentiment," Dabur said. The homegrown FMCG major expects a "mid to high single-digit growth" in its consolidated revenue during the July-September quarter. "In India business, Healthcare and HPC segments are expected to grow in high single-digit," it said in an update for the quarter ending on September 30, 2023. However, it anticipates the F&B business to remain "slightly below last year's revenue" on account of a mild ...

We are now trying to reinvent Dabur as Dabur 2.0: CEO Mohit Malhotra

The brands being repackaged include the Rs 1,000 crore - Rs 1,500 crore Dabur Amla hair oil and Vatika shampoo in the home and personal care category

Burmans seek control of Religare Enterprises, make open offer to buy 26%

The entities are now looking to acquire 90,042,541 shares at a face value of Rs 235 per share

Burmans seek to boost financial services play with control of Religare

The Burmans now want to "increase the family's stake and take control" of Religare, in a move that will pit them against other billionaire families in the same business

Dabur scaling up Hajmola and Odomos to include them on its power brand list

Home-grown FMCG major Dabur is scaling up its digestive brand Hajmola and mosquito repellent brand Odomos, amplifying their reach to include them on the list of its power brands, CEO Mohit Malhotra said. Dabur's fast moving consumer goods (FMCG) portfolio currently includes nine distinct power brands -- eight in India and one in the overseas markets, which together account for 70 per cent of its total sales. Currently, Dabur's 75 per cent revenue comes from the domestic business. Its domestic business is concentrated in eight power brands -- Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur PudinHara, Dabur Lal Tail, Dabur Amla, Dabur Red Paste, Real. Vatika is Dabur's international power brand offering a range of personal care products for the global audience. Currently, Dabur has 17 brands that are above Rs 100 crore but lesser than Rs 500 crore in size, said Malhotra while addressing the investor meet last week. "We have 17 brands, which are in the range of Rs 100-500 crore

Dabur aims for Rs 7,000 crore in revenues in home and personal care segment

The company is also targeting Rs 5,000 crore in sales from its healthcare segment

Burman family is a 'long-term investor' in Religare, says Mohit Burman

The Burman family is a "long-term investor" in Religare Enterprises, which it views as a unique financial services platform, Dabur India Ltd Chairman Mohit Burman said on Thursday. On Wednesday, the Burman family increased its stake in Religare Enterprises to 21 per cent from 14 per cent by buying shares of the diversified financial services company, aggregating 7.5 per cent, from the open market. Subsequently, the family became the single largest shareholder in Religare Enterprises. "We are long-term investors in Religare Enterprises. The family has been invested in Religare for the past five years, and we felt that this was an opportune moment to increase our stake in the company," Mohit, a member of the Burman family, told PTI. He further said the subsidiaries of Religare Enterprises are doing very well, especially in the health insurance and retail broking business. "We believe that these businesses are on a strong footing. Ably guided, they should do well going forward. We al