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Dabur Spices: Dabur India assured that all its spices meet the regulations set by the FSSAI for the Indian market and by the Spice Board of India for overseas markets. CEO Mohit Malhotra stated that export consignments undergo testing by the Spice Board before shipment, ensuring compliance with regulations. The company uses steam sterilization for export consignments and has established an in-house micro lab for microbial testing.
Dabur Q4 Results: Dabur's revenue from operations in FY24 was at Rs 12,404.01 crore, up 7.58 per cent, as against Rs 11,529.89 crore a year ago. "Strong execution of our Power Brand strategy, Increased premiumization, and distribution footprint expansion coupled with the benefit of our stringent cost reduction actions helped Dabur to report a steady performance during the fourth quarter and the full year 2023-24," it said.
FMCG industry expects growth driven by improving macro-indicators, good monsoon/rabi crops, rural demand pickup, and international business expansion despite currency challenges, aiming for sustainable profitable growth in medium term.
The market outlook remains dullish, show early trading updates, but companies are not letting that stop them from investing behind brands, advertising & promotions and distribution
Dabur Q4: Dabur expects consumption to rise with positive rural growth trends, aided by price rollbacks in staple food. The company anticipates revenue growth, market share gains, and increased branding investments, driven by strong performance across segments and international expansion.
Rural markets grew 6.5% by volume in both December and January, and by 11.1% in February, according to executives citing NielsenIQ data. Urban markets, in comparison, grew 6.1% in December, 4.7% in January and 8.7% in February, data showed.
Women Hiring: Widening the talent pool, empowering women to access leadership roles and creating a more inclusive work environment, can drive better business outcomes, said experts.
Fmcg: Researcher NielsenIQ shows online contribution for impulse food such as chocolates, confectioneries and salty snacks rose to 5% in 2023, from 3% in 2022. In case of products such as washing powders/liquids, pre-post wash products, detergents and bleaches, online contribution climbed from 6% to 7% year-on-year. r. For utensil, toilet, floor and glass cleaning fluids, online sales grew from 10% of total sales to 11% in the period under review.
Talking about the changing consumer behavior, he said, India is getting younger and this younger population will embrace brands, retail environments, and ecosystems that are talking about responsibility, sustainability, social improvement, respectfulness, and transparency. Clean label is the future of the country.