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Dwelling-grown FMCG main Dabur India is trying on the future with “nice optimism” however challenges from the pandemic are removed from over, its Vice Chairman Mohit Burman mentioned, including the corporate is best ready to take care of any eventuality.
Making use of learnings from final yr to streamlining the provision chain to make sure minimal disruption within the availability of merchandise, Dabur is “well-positioned” to satisfy the challenges and generate sustainable long-term progress, he added.
“I proceed to take a look at Dabur and our future with nice optimism. The challenges of COVID are removed from over,” Burman mentioned whereas nearly addressing shareholders on the forty sixth annual basic assembly (AGM) of the corporate.
The emergence of the second wave earlier this yr and talks of one other wave possible sooner or later signifies that Dabur might need to deal with the associated challenges within the months to come back, he added.
“We’re additionally making use of learnings from final yr on streamlining the provision chain to make sure minimal disruption in availability of our merchandise. I’m assured that Dabur is nicely positioned to satisfy the challenges forward and generate sustainable long-term progress,” mentioned Burman.
Nevertheless, he hoped that with the vaccination drive gaining momentum with each passing day, full normalcy can be restored inside this yr.
Burman additionally expressed gratitude to frontline staff for his or her efforts in conserving the nation secure throughout these unsure occasions, in addition to the Dabur household which has risen to satisfy the challenges which this pandemic threw up over the previous yr.
“On behalf of the Board of Administrators of Dabur India, I thank them for his or her dedication and dedication as they labored in the direction of guaranteeing enterprise continuity and uninterrupted provide of our merchandise to thousands and thousands of shoppers after they wanted them probably the most,” he mentioned.
On Dabur’s efficiency within the pandemic-impacted F21, Burman mentioned regardless of going through a number of headwinds, it delivered a sturdy efficiency with 10 per cent progress in consolidated income from operations at Rs 9,562 crore.
“Our India FMCG Enterprise led the expansion with a 15 per cent surge, with underlying quantity progress of 12.5 per cent in 2020-21,” he mentioned.
Its product sales crossed Rs 10,000 crore for the primary time and its market capitalisation touched the Rs 1 trillion mark, Burman added.
Dabur additionally continued to realize market share throughout all key classes like shampoo, toothpaste, hair oils, chyawanprash and packaged juices and nectars.
Its worldwide enterprise additionally made a powerful restoration throughout the second half, with most international locations coming again to good progress.
Burman mentioned emergence of the second and extra devastating wave of the pandemic in March 2021 examined the character of the organisation another time.
“As we stayed true to our Ayurvedic roots whereas working tirelessly in the direction of serving all our stakeholders, the well being and security of our staff remained paramount,” Burman mentioned.
It had rolled out a collection of initiatives throughout its operations to stop the unfold of an infection.
Some staff succumbed to COVID-19 and Dabur has determined to assist their household with continued month-to-month wage for one yr, along with the time period insurance coverage cowl offered by the corporate.
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