Home-grown FMCG major Dabur India is ready to face the future with clear optimism, yet challenges from the pandemic are far from over the company is now well equipped to deal with any eventuality.
The emergence of the second wave earlier this year and talks of another wave likely in the future means that Dabur might have to cope with the related challenges in the months to come
Vice Chairman Mohit Burman said, “We are also applying learnings from last year on streamlining the supply chain to guarantee nominal disruption in availability of our products. I am confident that Dabur is well positioned to meet the challenges ahead and generate sustainable long-term growth. However, he hoped that with the vaccination drive gaining momentum with every passing day, full normalcy will be restored within this year. Burman also expressed gratitude to frontline workers for their efforts in keeping the nation safe during these uncertain times, as well as the Dabur family which has risen to meet the challenges which this pandemic threw up over the past year.
On Dabur’s performance in the pandemic-impacted F21, despite facing multiple headwinds, it delivered a robust performance with 10 per cent growth in consolidated revenue from operations at Rs. 9,562 crore.
“Our India FMCG Business led the growth with a 15 per cent surge, with fundamental volume growth of 12.5 per cent in 2020-21,” he said. Its gross sales crossed Rs. 10,000 crore for the first time and its market capitalization touched the Rs. 1 trillion marks, Burman added.
Dabur also continued to gain market share across all important categories like shampoo, toothpaste, hair oils, chyawanprash and packaged juices and nectars. Its international business also made a strong recovery during the second half, with most countries coming back to good growth. Burman said emergence of the second and more devastating wave of the pandemic in March 2021 tested the character of the organization all over again.
Dabur has rolled out a series of initiatives across its operations to prevent the spread of infection. Some employees succumbed to COVID-19 and Dabur has decided to support their family with continued monthly salary for one year, in addition to the term insurance cover provided by the company