January 31 2016, 18.16 PM IST || Pocket News Alert
Dabur Egypt drives inspiration from parent company to achieve such accomplishment in local economy
January 31, 2016
The latest Motilal Oswal 20th Annual Wealth Creation Study has once again ranked Dabur India, one of the country’s leading fast moving consumer goods (FMCG) companies, as the 5th Most Consistent Wealth Creator over the period 2005-2015. Taking encouragement from its parent company, Dabur Egypt Limited, a company with a legacy of making high-quality health and personal care products, expressed its eagerness to follow on the footsteps of Dabur India and emerge as a consistent wealth creator in Egypt.
Dabur India has regularly appeared among top 100 Wealth Creators in each of the last 10 studies, yielding a compound annual growth rate (CAGR) of 31 per cent and making it the highest ranked FMCG company in the Most Consistent Wealth Creator list. The report was prepared by Motilal Oswal Financial Services, a diversified financial services firm, and is regarded as one of the most respected reports of its kind in India.
Anoop Sharma, Country Manager, Dabur Egypt Limited, said: “Dabur India has become one of the biggest FMCG companies in India and the most consistent in terms of performance and value creation. We congratulate Dabur India for their commendable achievement in being rated as the 5th Most Consistent Wealth Creator over the period of 2005-2015. At the same time, we draw strength and inspiration from their accomplishment and look to implement strategies that can help us be consistent wealth creators in Egypt.”
For the Financial Year 2014-2015 that ended on March 31, 2015, Dabur Egypt has registered an exceptional performance, earning EGP 332 million in sales. Sales recorded a 28 per cent increase while there was 30 per cent growth in profits for the same period when compared with previous year’s financial results. In addition, the company has announced the launch of a new range from its leading skincare brand DermoViva USA and ‘Hobby’ brand of hair and skin care products. Dabur Egypt’s portfolio covers health and personal care range for modern women that includes shampoo, conditioner, hair oil, hair cream, cream bath, hair gel, hair removal cream, and toothpaste.
Established in Egypt in 1996, Dabur Egypt Limited is a subsidiary of Dabur International Group. It provides natural health and personal care products, including hair oils, shampoo, skin and oral care products. The company also has a strong presence in neighbouring regional markets such as Morocco and other countries in Central Africa.
