The investigation arm of the revenue department has sent notices under the goods and services tax (GST) anti-profiteering law to three entities, including Hardcastle Restaurants and retail shopping outlet Lifestyle and some of the stockists of HUL for not passing the benefit of cost reduction to consumers.
The demand of herbal and Ayurveda oral care products is very robust and could be a sign that in the long-term the herbal story could be substantially bigger than what it is, said Sunil Duggal, CEO, Dabur.
Lalit Malik, CFO, Dabur said they have reduced 9 percent prices of those products where the GST rates were reduced from 28 to 18 percent and it was done last week.
In an interview to CNBC-TV18, Rajesh Agrawal, CFO of Gulshan Polyols spoke about the latest happenings in the company and his outlook going ahead.
Dabur and Amazon announced a partnership to launch ayurveda online. CNBC-TV18's Ashpreet Sethi caught up with Krishan Kumar Chutani, ED-Consumer Care Business at Dabur India and asked him about what this partnership mean to Dabur and how many products will go online.
In an interview to CNBC-TV18, Lalit Malik, CFO of Dabur India spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Sunil Duggal, CEO of Dabur India spoke about GST and the latest happenings in the company.
Although the company has cut down ad spends by around 50 percent in November, promotion intensity would continue as normal, said Sunil Duggar, CEO, Dabur.
The FMCG major chose to take the acquisition route in South Africa as setting up a greenfield facility would have come at additional expenditure, said Dabur‘s Chief Executive Sunil Duggal. He added that revenues from South Africa stand at USD 10 million and the company is targeting USD 50 million in the next five years.
FMCG giants like Dabur and HUL have taken a beating these last few quarters as volume growth remains elusive. But Sanjiv Mehta, the MD & CEO of Hindustan Unilever, says there is every chance things will look up soon.
The company will be used as as a base for local supply chain expansion and perhaps, other acquisitions in future, said Sunil Duggal, Chief Executive Officer, Dabur.
Demand, which continues to be weak, will improve only in the second half of FY17 on the back of pay hikes, monsoon and 24x7 opening of shops, says Lalit Malik, CFO of Dabur India.
Dabur is confident of retaining its market share despite growing competition. Added competition has expanded the market for ayurvedic and health products, says Sunil Duggal, CEO of Dabur.
An upturn in rural demand is likely to benefit consumer companies and the best two plays in the sector continue to remain Dabur and Colgate, says Jubil Jain of PhillipCapital.
Amit Burman, vice chairman of Dabur India, says the company will not price down its products to fight competition but instead look at upping their ante on existing products and launch new niche products.
On competition from the Baba Ramdev-promoted Patanjali brand of consumer products, Dabur CEO Duggal says Dabur's market share has not been affected by it yet. But he says there has been some impact on Dabur's honey sales because of competition from ayurveda brands.
CNBC-TV18's Farah Bookwala caught up with Saugata Gupta, CEO & MD, Marico, here is a slice of that exclusive conversation.
Sunil Duggal, CEO, Dabur India expects the second half of the fiscal to be better than the first half, both for rural and urban markets, adding that demand was better in September.
Nitin Mathur of SocGen says the consumer segment is just coming out of a prolonged slowdown. “We were in any case not expecting any V shaped recovery to happen, it is going to be slow and gradual process and we are happy that things are on track for that,†he told CNBC-TV18.
Sunil Duggal, chief executive officer, Dabur expects volume growth to be in the range of 6-10 percent and rules out the likelihood of any price reductions.
The company expects around 10 percent volume growth and 15-17 percent top line growth in FY14. It is even looking at small international acquisitions to enhance portfolio.
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.