Dabur Stocks

" The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family," the exchange filing said

Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea

Saket Burman has been appointed as the non-executive vice chairman of the board of directors with effect from August 11 for a period of 5 years

Dabur's food and beverages vertical saw strong double-digit growth in the quarter on the back of improving out-of-home consumption, innovation, and intense summer season

Revenues fell 12.3% and pre-tax profit dropped 22.5% in March quarter

Focus on power brands and rural expansion augur well for the stock, trading at 43 times its FY21 estimated earnings

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Even as advertising spend was benign and aided margins, Dabur gained market share in 70-75 per cent of its domestic portfolio