Page 2 - Dabur India

Dabur India to acquire 51% stake in Badshah Masala in Rs 587.52-cr deal

Home-grown FMCG firm Dabur India on Wednesday said it will acquire 51 per cent stake in Badshah Masala in a Rs 587.52-crore deal, marking its entry in the fast-growing spices and seasoning category. 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. "The acquisition is in line with the company's strategic intent of entering into new adjacent categories in the food space," Dabur India said in a regulatory filing. Over the acquisition cost, Dabur India said "51 per cent equity shareholding has been agreed at Rs 587.52 crore less proportionate debt as on the closing date", with the Badshah enterprise being valued at Rs 1,152 crore. While the balance 49 per cent of the equity share, Dabur said is "to be acquired after a period of 5 years." With this acquisition, Dabur India aspires to "expand

Dabur Q2 profit slips 2.8% to Rs 490.86 cr; revenue up 6% at Rs 2,986.5 cr

Homegrown FMCG major Dabur India Ltd on Wednesday reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30. The company had posted a net profit of Rs 505.31 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing. However, its revenue from operations rose 6 per cent to Rs 2,986.49 crore during the quarter under review against Rs 2,817.58 crore in the corresponding quarter of the previous fiscal. Dabur India's total expenses increased 8.94 per cent to Rs 2,471.28 crore in the latest September quarter. The same stood at Rs 2,268.47 crore last year.

FMCG companies may see price hike-led revenue growth In July-September

Volumes to remain under pressure due to grammage reductions

Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up

CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.

Dabur enters peanut butter market with 'Real Health Peanut Butter' range

This peanut butter has No added sugar, salt & oil," said Smerth Khanna

Stocks to Watch: Titan, Dabur, Nykaa, HCL Tech, Mahindra Life, Quess Corp

Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.

Dabur says consolidated revenue in Q2 likely to grow in mid-single digit

Home-grown FMCG major Dabur India on Thursday said its domestic business had a "steady performance" and is expected to report "revenue growth in mid-single digit" for the second quarter ended September. Despite the macro-economic challenges, Dabur said it continued to "grow ahead of category growths and gain market share" in most of the segments in the September quarter, both in domestic and overseas markets. "Overall, the consolidated revenue is expected to grow at mid-single digit," the company said in its quarterly update. Dabur's Food & Beverages vertical continued to lead with double-digit growth on a high base of 43 per cent rise in the second quarter of FY22 in the domestic market. "Home and Personal Care portfolio is expected to record mid-single digit growth on a high base of 16.7 per cent growth in Q2FY22. "Healthcare vertical is expected to report a near double-digit growth in terms of 3-year CAGR but will see a muted performance during the quarter on the back of high .

Dabur India flags up to 200 bps margin hit in Q2 as inflation bites

Dabur's consolidated revenue grew 8.1% in the June-quarter, with an operating margin of 19.62%

Top headlines: Sep services growth at 6-month low; Dabur flags margin hit

"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing

Endgame at McLeod Russel amid risk of losing control of last major asset

With two rival bids, the once powerful group that owns the world's largest tea producer is in danger of losing control of its last major asset

After over 50% rise in 2022, is the stupendous rally in ITC fizzling out?

However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then

Dabur makes an entry into Rs 5,600-crore premium tea market with Vedic tea

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

FMCG beat market blues; charts hint 15% upside for ITC, Varun Beverages

The Nifty FMCG index hit a fresh all-time high on Thursday even as the key benchmark indices wilted under selling pressure, tracking losses in global markets.

Deflating commodity costs to aid FMCG firms in H2FY23: Analysts

With commodity prices deflating from their March peak levels, analysts expect the margin profile across consumer goods companies to improve going ahead.

Amit Burman resigns as Dabur chairman, Mohit Burman takes charge

Mohit Burman has been appointed as the non-executive chairman of the board of the company from August 11 for a period of five years

Dabur's chairman Amit Burman resigns, will remain non-executive director

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

Rural recovery, robust volume growth help Dabur post incremental gains

Its ability to maintain margins will depend on the raw material cost basket

Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts

CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent

ITC can double from current levels; HUL, Marico may hit new highs

The current chart formation is akin to 2011, provided ITC ends August on a positive note. Post which, the stock can potentially double from current levels.

Govt's plastic straw ban to curb pollution leaves Indian consumers thirsty

With 19 single-use plastic items banned from July 1, including the straws, companies including Dabur India Ltd. and Parle Agro Pvt, have been racing to replace them with imported paper versions