Home-grown FMCG major Dabur India on Thursday said it will set up a ₹400-crore manufacturing plant in Tamil Nadu’s Villupuram district, marking the company’s maiden foray into the South. Dabur owns power brands like Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur PudinHara, and Dabur Lal Tail State Industries Minister TRB Rajaa said, Dabur has signed …
Aimed at the trinity of fiscal prudence, investment, and growth momentum, the Union Budget saw the introduction of employment incentives and a simplified income tax regime, which should boost consumption. Investors were, however, caught off guard due to the increase in LTCG and STCG tax rates, leading to a knee-jerk reaction on D-Street. “While the …
Union Budget 2024, which will be announced later today, July 23 is anticipated to be growth-focused, with several measures aimed at bolstering the rural economy, said brokerage house Motilal Oswal, in its pre-budget note. As per the brokerage, the government is likely to continue its emphasis on capital expenditure and investment-led growth, alongside initiatives to …
Mumbai: Dabur India’s digital-first brands, or brands it has launched online, grossed a turnover of more than ₹100 crore last fiscal year, the company said in its annual report. In FY24, the company rolled out 14 new products in line with its strategy to expand both its premium portfolio and total addressable market. “These launches …
In the first quarter of FY25 (Q1FY25), companies within the Motilal Oswal Financial Services Limited (MOFSL) coverage universe are poised to showcase robust performance, driven by resilient demand trends and strategic initiatives across various sectors. MOFSL forecasts a notable year-on-year growth in revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for its coverage …
FMCG stock Dabur India surged 9% to Rs 633 to its new all-time high on BSE today while HUL shares jumped 9% to Rs 2,723.90 after taking a lead amid the falling markets post election results. Heritage Foods shares, one of the top gainers, rallied 15.4% to Rs 538 making a new all-time high. Following …