Dabur Expects Demand To Pick Up After Lok Sabha Election
Dabur’s Malik forecasts a mid- to-high single-digit volume growth in FY20.
Dabur India Ltd. expects demand to improve only from the second quarter of the financial year starting April.
“We expect the subdued demand scenario to continue for at least one quarter after the election and stabilise from the second quarter onwards,” Chief Financial Officer Lalit Malik told BloombergQuint in an interaction.
Demand for consumer goods slowed down because of a liquidity crunch in the economy, extended winter season, especially in north India, rupee depreciation and crude price volatility.
Malik forecasts a mid- to-high single-digit volume growth in the new financial year on account of lower demand.
Plan Ahead
Dabur is looking to expand its distribution in rural areas by extending coverage to 20,000 new villages and increasing its outlet count from 1.1 million to 1.2 million, Malik Said.
Watch the full interview here: