Friday, December 20

Tag: Dabur

Dabur Shares Tank 4% After Company Says Demand Trends Remain Sluggish In Q4
4Apr By adminNo Comments
Business

Dabur Shares Tank 4% After Company Says Demand Trends Remain Sluggish In Q4

Last Updated: April 04, 2024, 15:40 ISTDabur India’s shares fell over 4 per cent after the company announced a mid-single-digit revenue growth in the January-to-March quarter. The stock was trading 4.5 per cent lower at Rs 507 at 1:38pm on the National Stock Exchange (NSE).FMCG major Dabur Ltd. expects to report consolidated revenue growth in the mid-single-digit during the March quarter as demand trends continued to remain sluggish during the quarter, it said in an exchange filing. The revenue growth projection also factors in the 2.3% inorganic revenue growth till December 2023 on account of the Badshah Masala acquisition.However, it expects consumption to pick up in the coming months owing to a positive outlook for the Rabi crop harvest and expectations of a normal monsoon.Dabur’s heal...
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Dabur: Dabur plans to open manufacturing unit in South India; portfolio expansion in the offing
19Nov By adminNo Comments
Business

Dabur: Dabur plans to open manufacturing unit in South India; portfolio expansion in the offing

NEW DELHI: Leading FMCG and ayurvedic products maker Dabur is planning to set up a new factory in South India in less than a year's time, as its business scales in the region, according to company's CEO Mohit Malhotra.Dabur, which now gets 20 per cent of its domestic sales from South India with its business there doubling in the last 5-6 years, is identifying gaps and usages to launch products customised to the markets, he told PTI in an interview.The company, having 13 manufacturing units across the country, is augmenting its capacity further to meet the demand and is diversifying its manufacturing activities by adding new lines, he added.Dabur India, which has an annual capex of around Rs 350-450 crore, also plans to expand its manufacturing activities in the international markets cater...
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FIR filed in Mahadev betting case, Dabur Group’s Burmans deny charges
14Nov By adminNo Comments
Business

FIR filed in Mahadev betting case, Dabur Group’s Burmans deny charges

The Burman family, which runs Dabur Group, has denied any involvement or role in an illegal cricket-betting app as alleged by the Mumbai police in a complaint filed last week. The family said vested interests were behind the police complaint and they wanted to scuttle their (Dabur’s) move to acquire Religare Enterprises, a financial services company. “We have not received any formal communication on any such FIR (first information report). However, we have seen the FIR, which is being circulated to media houses. The FIR is patently false and baseless. Nothing could be further from the truth than what has been wrongly stated in the FIR,” said a spokesperson for the family, referring to the police document. According to the FIR, file...
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Sensex up 450 pts, Nifty near 19,150; REC, PFC zoom 6%
2Nov By adminNo Comments
Business

Sensex up 450 pts, Nifty near 19,150; REC, PFC zoom 6%

Stock market updates on November 02, 2023: Mirroring strong gains in Asian peers following a pause in rate hike by the US Fed and hints of a pivot in place, the Indian equity benchmark indices traded with a bullish bias on Thursday.  The S&P BSE Sensex was up over 550 points at 64,150. The NSE Nifty50 was seen quoting around the 19,150 level, up over 150 points. Among the Sensex 30 stocks, IndusInd Bank, Infosys, Axis Bank, SBI, Kotak Bank, HCL Technologies and TCS were up over 1 per cent each. Tata Steel, however, was down a per cent post Q2 loss. In the broader market, both, the BSE MidCap and SmallCap indices rallied over a per cent each. Sectorally, the BSE IT, Consumer Durables and Realty indices were up over a per cent each.   ...
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Medicine: Dabur’s three foreign subsidiaries face cases in US, Canada
18Oct By adminNo Comments
Business

Medicine: Dabur’s three foreign subsidiaries face cases in US, Canada

NEW DELHI: Homegrown FMCG major Dabur on Wednesday said its three foreign subsidiaries are facing cases in federal and state courts in the US and Canada. The three Dabur India subsidiaries facing cases are Namaste Laboratories LLC, Dermoviva Skin Essentials Inc. and Dabur International Ltd, according to a regulatory filing.As per the filing, certain consumers in the hair relaxer product industry have alleged that some industry players/defendants sold and/or manufactured hair relaxer products that contain certain chemicals and that the use of the hair relaxer product has caused ovarian cancer, uterine cancer and other health issues."Cases have been filed in both federal and state courts in the United States and Canada. The federal cases were consolidated as a Multi-District Litigation, als...
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Sensex down 250 pts, Nifty at 19400; PSB, Realty index dip 1%
7Jul By adminNo Comments
Business

Sensex down 250 pts, Nifty at 19400; PSB, Realty index dip 1%

STOCK MARKET LIVE: Equity benchmark indices opened with cuts on Friday as strong private jobs data in the US raised rate hike fears, but the indices pared losses to turn flat. At open, the BSE Sensex fell 155 points to 65,628, and the NSE Nifty50 slipped 46 points to 19,450. ...Read More
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