The company is also targeting Rs 5,000 crore in sales from its healthcare segment
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
The total income for Q1FY24 came in at Rs 3,240.25 crore, compared to Rs 2,922.98 crore year-on-year
According to the management, with a little negative impact from beverage portfolio, mid-single volume growth should be possible in the near term in the India business
Eveready achieved a growth of 10 per cent over the previous year in its topline, driven primarily by the premiumisation of product portfolio
Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24
Demand trends in both urban and rural India improved during the quarter, Dabur said
With reduced prices for most of its commodities, Dabur India expects to see expansion in gross margins in the current fiscal; the FMGC major has made an entry into the spices category
Patanjali is strengthening its distribution system by expanding it from the current one million outlets to about 1.5 million outlets
Revenue from operations in the fourth quarter, meanwhile, jumped 6.4 percent to Rs 2,677.8 crore for the quarter under review, as compared to Rs 2,517.81 crore in the year-ago period
During the quarter, the revenue from operations, however, rose 6.3 per cent to Rs Rs 2,677.33 crore
After signing the MoU, Bedi expressed his happiness for investing a part of the company's accumulated capital in Nepal for capacity enhancement and diversification of products
Says some 'green shoots' emerging despite near-term consumption pressure
The derivative analyst from HDFC Securities recommends to Buy Dabur 530 Put option and simultaneously Sell 525 Put of the March series.
The expansion comes as Dabur faces intensifying competition from deep-pocketed rivals - including global consumer titan Unilever Plc - which are swooping in on upstart Indian brands
In fact, the drop off in rural spending slowed the entire FMCG sector's growth in the last three months of 2022, compared with the previous quarter, market intelligence firm NielsenIQ said on Thursday
In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor rural consumption and a slowdown after the festival season
Dabur India expects a "low to mid single- digit revenue growth" for the quarter ended December 2022 on account of the challenging macroeconomic environment and muted category growth during the period. However, the homegrown FMCG major said inflation started to cool off during the quarter and as a result, gross margins would be marginally better sequentially on a consolidated basis. "Overall, the consolidated revenue is expected to report low to mid single-digit growth," Dabur said in an update for Q3 FY23. During the December quarter, the demand trends for the FMCG industry remained "weak" with rural markets continuing to remain under pressure and this was further accentuated by the late onset of winter in North India, it said. However, early signs of moderate recovery were visible towards the latter part of the quarter coupled with some abatement in inflation. "The improving macroeconomic environment, positive steps being taken by the government and the expected stimulus of the .
On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth
Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.