On the back of its $71 million purchase of spice producer Badshah Masala Pvt Ltd. in October, the 139-year-old firm, which sells traditional Ayurvedic medicine and herbal products including toothpaste and shampoo, is evaluating other targets in health, food and personal care in those markets, Chief Executive Officer Mohit Malhotra said.
Motilal Oswal is bullish on Dabur recommended buy rating on the stock with a target price of Rs 650 in its research report dated February 02, 2023.
Over the past year, consumer companies have been dealing with margin contraction under high raw material cost pressures and lower volume offtake amid inflationary environment
Improving margins by bringing back volumes is India Inc’s top priority. To achieve that, policymakers need to ensure more disposable incomes.
"Burman family, who are part of the majority shareholders of Dabur India Ltd, have sold approximately 1 per cent shares through a block deal," said a regulatory filing by Dabur India.
European markets ended higher yesterday, snapping out of losing week. As sugar sector stocks continue to soar, we analyse if it’s still a good idea to invest in them. Among individual stocks in the spotlight are Dabur, IRCTC, Just Dial and Sterling & Wilson.
At close, the Sensex was down 215.68 points at 62,410. Nifty declined 82.30 points to 18,560
In the December quarter of the previous year, HUL, Colgate and Marico had reported low single-digit volume growth, while discretionary companies had clocked volume growth upwards of 20 percent
Motilal Oswal is bullish on Dabur recommended buy rating on the stock with a target price of Rs 645 in its research report dated October 27, 2022.
Take a look at our specially curated package of the most interesting articles to help you stay at the top of your game.
The deal’s reasonable when compared to Dabur’s own valuations but relatively expensive compared to similar transactions. However, the deal structure provides a safeguard
Through the Badshah acquisition, Dabur has entered into the Rs 25,000 crore spices and seasoning market in India
European markets hit a five-week high amid a slew of corporate earnings and ahead of a key ECB meeting. The European Central Bank is widely expected to raise rates by another 75 basis points… Markets will also watch out for clues on its path towards quantitative tightening, as the EU heads for a likely recession. On the show today – we will take stock of the pharma pack as big pharma is slated to report second quarter earnings next week. And stocks in the spotlight today are Hero Moto, Dabur and century textiles
The work for capacity addition would be completed in the next 1.5 years, and production would start in March 2024, the FMCG firm said.
The company has signed definitive transaction agreements to acquire 51 per cent shareholding of Badshah Masala Pvt Ltd, a firm engaged in manufacturing, marketing and export of ground spices, blended spices and seasonings, said a joint statement.
Dabur said the acquisition was in line with its strategic intent to expand its food business to Rs 500 crore in three years and expand into new adjacent categories. This will also mark Dabur's entry into the over Rs 25,000 crore branded spices and seasoning market in India.
The company had posted a net profit of Rs 505.31 crore in the July-September quarter a year ago.
This is led by lower unemployment in rural areas, recovering two-wheeler sales, and increasing credit growth to the agri sector. Not just the cyclical outlook, but also the structural outlook for the rural economy is now constructive, the MS note says
Net Sales are expected to increase by 8 percent Y-o-Y (up 7.8 percent Q-o-Q) to Rs. 3,043 crore, according to Motilal Oswal.
Take a look at our specially curated package of the most interesting articles to help you stay at the top of your game.
European markets closed lower following another choppy trading session, as global markets struggled to recover from recent volatility. On the show today we uncover the key triggers fuelling demand, volumes and realisation for paper companies. Stocks in the spotlight today are Titan, Dabur, Equitas SFB and Rategain.
Leading makers such as Marico, Godrej Consumer Products Ltd (GCPL) and Dabur in their quarterly updates said demand across categories in the industry continued to remain soft during the second quarter on account of continued impact on unprecedented inflation.
A rain deficit in some northern states, and deprecation of the rupee, could impact the sector and derail the benefits of declining commodity prices. Analysts feel the pressure on margins may ease only in H2 of FY23.
Dabur approved the appointment of Mohit Burman, who is currently the Non-Executive Vice Chairman, as the Non-Executive Chairman of the Board of Directors for a period of five years with effect from August 11, 2022.
Most of them were unable to grow their operating profit margins year on year.