Dabur India to double sales/profits by 2010

New Delhi, Mar 29 (UNI) Fast moving consumer goods major Dabur India today said it expected sales and profits to double by the end of fiscal 2009-10 through expansion, acquisition and innovation.

''We expect to double our sales and profits by the end of fiscal 2009-10 through expansion, acquisition and innovation,'' Dabur India Ltd chief executive officer Sunil Duggal told reporters.

Unveiling the company's new strategy and business plan 'Vision 2010', Mr Duggal said, international business, homecare, healthcare and foods will be the main growth drivers for the company.

''We plan to increase our presence across new segments and categories along with renewed thrust on entering new market areas,'' he said.

Elaborating on the plan, Mr Duggal further said, ''As part of our strategy, we plan to develop a more balanced portfolio of business.'' He said that the international business, homecare, healthcare and foods will be our main drivers of growth. We plan to increase our presence across new segments and categories along with renewed thrust on entering new market areas.

''To achieve the target share of 16 per cent from international business by 2010, Dabur would be reorganising its international business and committing major resources in the international markets.

From the domestic business, the company expects 84 per cent of the revenue by 2010.

''OTC healthcare will be thrust area for growth,'' Mr Duggal said.

The company also plans to aggressively target the south Indian market. The contribution to revenue from the south is expected to go up to 6-7 per cent by 2010.

UNI SR SS DS1610