Once again, it promises to be a Marico-Dabur slugfest. Given the track record, it is but natural for the market leader, Dabur to turn on the heat be it through communication or even at the trade level
Dabur and Marico have locked horns over hair oil and honey. Dabur put out an ad saying its Jasmine oil "gives soft and shiny hair and 66% more oil than Parachute Jasmine"
"We are also applying learnings from last year on streamlining the supply chain to ensure minimal disruption in availability of our products," said Vice Chairman Mohit Burman
The stock ended 4.23 per cent lower at Rs 588 against the previous close of Rs 614. Market cap of the firm fell to Rs 1,03,949.68 crore on BSE
Dabur India's FMCG business grew 35.4 per cent, with an underlying volume growth of 34.4 per cent in the first quarter of 2021-22.
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For the full financial year, Dabur India recorded a 10 per cent growth in consolidated revenue at Rs 9,562 crore, while consolidated net profit grew 17.2 per cent to Rs 1,693 crore
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Some FMCG companies like Marico and others have already gone for price hike, while some which include Dabur, Parle and Patanjali are closely monitoring the situation
Thousands protested in London against India's farming reforms; Indian economy to enter 'Goldilocks' phase soon; Economic growth to bounce back to pre-Covid levels by FY22, says Niti Aayog Vice Chairman Rajiv Kumar. Watch this and more on News Blast.
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