Dabur India, the consumer goods major known for such famous brands as Dabur Chyavanprash and Vatika, has reported consolidated 32.6% growth in net sales and 36.3% growth in net profit in Q1:FY2008 over corresponding period in the previous year.
While, announcing the Q1:FY2008 results it also unveiled roadmap for its foray into retail business.
According to company officials, Dabur will make an investment of Rs. 140 crore in the retail venture and this amount would be spent over a period of the next three years.
Although, retail venture will begin taking shape in the first quarter of calendar 2008, the major thrust will begin only during FY 2008-09 only.
According to reports, while it will initially set up 350 stores, the number in three years will eventually grow up to 1,000 stores.
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