Speaking to CNBC-TV18, Sunil Duggal, chief executive officer, Dabur India says the company is likely to hike prices to the tune of 3 percent that will help in mitigating the inflation costs.
Sunil Duggal, CEO, Dabur says that the company‘s consumer discretionary goods portfolio are showing good growth, despite the slowdown. He says that though the fourth quarter numbers would show a reasonably robust demand profile, the possibility of this slowing down in the coming months cannot be ruled out.
In an interview to CNBC-TV18, Sunil Duggal, chief executive officer, Dabur India says , the demand scene seems to be a little bit muted now as compared to six months ago.
With the monsoon playing spoilsport, FMCG companies are likely to be worst hit and chances of downtrading are also high. However, Sunil Duggal, CEO of Dabur India believes there is no evidence of any downtrading or slowdown in consumption despite the fact that consumption is slightly subdued in certain pockets.