Fast-moving consumer goods (FMCG) and Ayurvedic products manufacturing company Dabur will set up its new manufacturing plant in South India. According to the company’s planning, it will complete this plant in the next one year. The company’s Chief Executive Officer (CEO) Mohit Malhotra said that the company’s business is growing in the sector. 20% of Dabur’s total domestic sales come from South India. The business of the company has doubled in this sector in the last 5 to 6 years. For this reason, the company now wants to increase its focus on South India.
The company currently has 13 manufacturing plants. To cope with the growing demand for its products, the company is focusing on expansion of existing plants along with new plants. Not only this, the company also has plans for the Middle East and Europe. It is planning to increase manufacturing activities. Dabur India’s annual capital expenditure is approximately Rs. 350 to 450 crores.
Quarterly profit Rs. 515 crores
Dabur’s profit in the second quarter grew impressively from last year’s quarter. Compared to last year, the company’s profit was Rs. 490 crore to Rs. 515 crores. In the market Rs. 505 crore profit was estimated. At the same time, consolidated revenue during the quarter increased by 7.3% over last year to Rs. 3203 crore has been done. In the same quarter last year, the profit was Rs. 2986 crores. The company has also announced the dividend along with the results. EBITDA for the quarter ended September was Rs. 600 crore to Rs. 660 crores.
Also considering setting up a plant in Saudi Arabia
Malhotra said that if the situation in Saudi Arabia becomes favorable, then we are thinking of setting up a manufacturing plant in Saudi Arabia as well. We have another manufacturing unit in Egypt, which is our second largest market after Saudi Arabia, he said. Manufacturing in Egypt and supplying to East Africa, Dabur taps the general market of East and South Africa. Dabur also has a factory in Turkey. It has a factory in South Africa from where it supplies the SADC (Southern African Development Community) markets of 12 countries.