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The market challenge for the new CEO can be seen from Dabur's consistent growth under the outgoing head
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The plan is not to depend on market tailwinds to support growth but develop our own growth through market share gains, deeper rural penetration, better category management etc, said Sunil Duggal of Dabur India.
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Namaste posted a net profit of Rs. 8.39 crores on operating revenues of Rs. 558.12 crores in 2015-16. The Ghaziabad-based company derives 32% of its turnover from its international business. Dabur’s consolidated net sales in the last financial year came at Rs. 8,435.95 crores.
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Dabur India is willing to dilute its holding in its wholly-owned retail subsidiary H&B Stores and bring in an investor to grow the business once FDI in multi-brand retail is clarified.
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Even after paying this dividend of Rs 14,000 crore odd, you can see that the cash balance at the end of the year would be around Rs 15,000 crore, said Sunil Duggal, CEO, Hindustan Zinc
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"With the help of the mobile honey testing lab, bee- keepers can now test the purity of their honey and avoid adulteration," the company said in a statement.
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Former CFO of Lafarge India, Shrivastava, has joined Hindustan Zinc as Deputy Chief Finance Officer (CFO), the company said in a statement.
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Trying to shake off the effect of demonetisation and remaining cautious on the "GST overhang", FMCG major Dabur does not see strong growth tailwinds in the next few months, saying it will take longer for the trade to re-balance.
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Legal opinion on the proposed buying of government's residual stake in Hindustan Zinc Ltd (HZL) by Vedanta is expected within a month, the Mines Ministry said today.
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Amid growing concerns over rising pollution level, Vedanta Group firm Hindustan Zinc Ltd (HZL) today said that it is planning to make its buildings world-class with zero carbon and zero waste.
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The aftermath of the demonetisation drive continues to impact businesses across sectors. CNBC-TV18 spoke to different segments of India Inc to gauge the impact felt them.
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In a panel discussion on CNBC-TV18, representatives from India Inc listed their views and concerns on the likely impact the new tax regime brings on their business and industry.
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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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"There has been no discussion on this topic (share buyback)," he told reporters here, adding that the company does not respond to market speculation.
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Normally Hindustan Zinc spends USD 200-225 million on mining expansion every year. But according to Duggal, the spending may rise to USD 300-320 million.
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India with a GDP of around $2 trillion loses as much as $100 billion every year on account of corrosion, which can be checked by using zinc to galvanise steel structures, Hindustan Zinc CEO Sunil Duggal said.
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For FY17 the blended volumes (staples and discretionary) would growth 5-7 percent, on back of promotional spends, said Sunil Duggal, CEO, Dabur.
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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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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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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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A report by brokerage firm IIFL claims the company is on course to clock revenues of Rs 20,000 crore by 2020, something that can have profound implications for both the fast-moving consumer goods (FMCG) industry at large and several listed players in particular.
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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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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.
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The company is increasing its investment in the Food Park at Kapurthala, ITC FMCG Businesses President Sanjiv Puri informed Punjab Deputy Chief Minister Sukhbir Singh Badal during an interaction here today.
