Dabur plans to invest Rs 140 crore in retail segment

New Delhi, July 13 (UNI) Country's leading FMCG company Dabur India Ltd today said it will invest Rs 140 crore by 2010 for its foray into retail segment by opening 350 health and beauty outlets across the nation over the next five years and extend it to 1,000 stores by its tenth year of operation.

''The first store will start operating by the end of this year or early next year in the NCR,'' a company source told UNI.

The company will enter into the organised retail market through a wholly-owned subsidiary, H&B Stores Ltd.

''H&B Stores are expected to start generating profits by the fourth year of operations, with revenues over Rs 1,000 crore,'' the source said.

UNI