Dabur India is set to invest ₹550 crore to build additional capacity, and augment its healthcare, home and personal care portfolio, its chief executive officer, Mohit Malhotra, said in post-earnings call on Friday. For the quarter ended 31 March, consolidated revenue from operations stood at ₹2,337 crore, an increase of 24.5% from the ₹1,865.36 crore reported by the company last year. The maker of Vatika shampoo and Dabur Red toothpaste has purchased land in Madhya Pradesh as part of its efforts to enhance capacity. We’ve already taken a 50-acre land near Indore to spruce up and augment our capacities essentially for the healthcare business, Chyawanprash and also the home and personal care business. India business reported volume growth of 25.4% during the quarter.

Source: Mint May 07, 2021 14:06 UTC