Dabur unveils strategic roadmap for retail venture
15 Sep '07
3 min read
Dabur India's Health & Beauty Stores would roll out in Metro and Tier-1 cities in 2007-08. "The Company recognized a clear need gap that exists in Health & Beauty retail space in India, thereby enabling Dabur to have early mover advantage. The retail venture would be run under a separate brand name, which will be decided in due course. H&B Stores expects to start generating profits by the 4th year of operations with revenue exceeding Rs 1,000 crores," said Mr. Sunil Duggal, Chief Executive Officer, Dabur India Ltd.
"Organized retail, which currently accounts for only 3% of the total retail market in India, has tremendous growth potential in the fast expanding Indian economy. Dabur India, with its in-depth understanding of the Indian consumer and capability to deliver a great experience at affordable prices, is uniquely placed to enter the Indian retail sector. We will bring great value to consumers by offering quality products at affordable prices," said Dabur India Ltd, Group Director-Corporate Affairs, Mr. P D Narang.
This venture is also synergistic with Dabur's current portfolio of Ayurvedic & Herbal products and would add significantly to the company's distribution footprint.
marketing@alchempro.com
