The maker of Real fruit juices and Hajmola candy saw its rural business outpacing urban in the last quarter on the back of a growing distribution system in the rural areas
Dabur Q4FY24 results: The board of Dabur has recommended a final dividend Rs 2.75 per equity share for the financial year 2023-24
Q4 FY24 results: Dabur, Federal Bank, Digicontent, Blue Star, Khemani Distributors, Aptech are expected to release their financial results too
In past three days, Dabur has 5.5 per cent after the company said its consolidated revenue in Q4 is expected to register mid-single digit growth.
Its shares fell 4.5 per cent after the news, and were on track for their worst day since May 2023. The stock was also the top drag on the FMCG index, which slipped 0.2 per cent
Dabur owners, the Burman family, has increased their stake in Religare to 25.18%, which allows them to block special resolutions at Religare
A spokesperson for Burmans said that the banking regulator has taken note of the non-cooperation by Religare and has directed Religare to make the necessary applications to the banking regulator
Company's rural business growth outpaced urban in Q3
This project will mark the company's first investment in the region. The maker of Real fruit juices and Hajmola candy currently has a network of 13 domestic manufacturing locations
Stocks to Watch on Friday, January 5, 2024: Grasim Industries' Board has approved fund raise via rights issue worth Rs 4,000 crore.
The slowdown in consumption was on account of higher food inflation that had impacted the home and personal care segment
Religare Enterprises Chairperson Rashmi Saluja, who is under attack from promoters of Dabur Group, on Tuesday said she was a victim of corporate gender discrimination. The accusations not only target Saluja but also undermine the entire management and board, who have tirelessly worked towards making Religare a debt-free organisation over the past five years, Religare Enterprises said in a statement. Burman family -- the promoters of Dabur -- has filed a complaint with regulatory authorities seeking a probe into the sale of shares by Religare Enterprises Ltd's Chairman Rashmi Saluja. In response to the accusations, Saluja, through a spokesperson, said, "The recent allegations are not just an attack on me but an attack on the entire leadership and board. We remain steadfast in our commitment to transparency and fairness. The share sales were conducted following due processes, and we are confident that truth will prevail." She added, "I believe in the power of resilience. Our fight i
The BSE on Friday announced changes to its Sensex 50, Sensex Next 50 and the BSE 100 index; here's what the charts suggest for select stocks.
Leading FMCG and ayurvedic products maker Dabur is planning to set up a new factory in South India in less than a year's time, as its business scales in the region, according to company's CEO Mohit Malhotra. Dabur, which now gets 20 per cent of its domestic sales from South India with its business there doubling in the last 5-6 years, is identifying gaps and usages to launch products customised to the markets, he told PTI in an interview. The company, having 13 manufacturing units across the country, is augmenting its capacity further to meet the demand and is diversifying its manufacturing activities by adding new lines, he added. Dabur India, which has an annual capex of around Rs 350-450 crore, also plans to expand its manufacturing activities in the international markets catering to regions such as the Middle East and Europe. Besides, the company is consolidating its manufacturing operations and has shut down some units where tax sunsets are coming in, and opening new units whe
Dabur has been trading with a negative bias for more than a month, further its alleged involvement in the illlegal betting app may dent sentiment. However, support at Rs 517 is the key, shows chart.
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
"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
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 .
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,"
Dabur India is the maker of Hajmola and Fem beauty bleach