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Dabur India came out with a good set of Q3 numbers. In an interview to CNBC-TV18, Lalit Malik, CFO of Dabur spoke about the results and his outlook for the company.
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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.
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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.
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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.
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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.
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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.
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In an interview to CNBC-TV18, Lalit Malik, CFO of Dabur India spoke about the latest happenings in his company and sector.
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Dabur India's Q1 earnings saw no fireworks with a mild miss on topline while the volume decline was on expected lines. In an interview to CNBC-TV18, Lalit Malik, CFO of the company spoke about the results and his outlook for the company.
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In an interview to CNBC-TV18, Sunil Duggal, CEO of Dabur India spoke about GST and the latest happenings in the company.
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In an interview to CNBC-TV18, Sunil Duggal, CEO of Dabur spoke about the results and his outlook for the company.
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FMCG major Dabur reported a 7.5 percent fall in consolidated net profit to Rs 293.76 crore for the third quarter of current fiscal. Net sales too declined 6.08 percent to Rs 1,847.67 crore.
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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.
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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.
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Commenting on the second quarter performance, Dabur CEO Sunil Duggal said the company is focusing on driving up volume growth. He added that the company will intensify promotions to propel volume growth.
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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.
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Speaking to CNBC-TV18 after reporting the first quarter results, Dabur CFO Lalit Malik says some benefits of monsoons and implementation of the 7th pay commission might help lift volumes albeit at a slow pace during the second half of the year.
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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.
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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.
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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.
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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.
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Sunil Duggal, CEO of Dabur India said while FY17 is seen to be a better year given hope of good monsoons and pick up in rural demand in particular, the company will be able to achieve double-digit revenue growth only in the second half of the year.
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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.
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After being hit by disruption of supplies to Nepal following a political standoff, Dabur is trying to boost supplies to the country through alternatives routes, CFO Lalit Malik told CNBC-TV18.
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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.
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CNBC-TV18's Farah Bookwala caught up with Saugata Gupta, CEO & MD, Marico, here is a slice of that exclusive conversation.
