Dabur India Ltd. expects demand to enhance solely from the second quarter of the monetary yr beginning April.
“We count on the subdued demand situation to proceed for no less than one quarter after the election and stabilise from the second quarter onwards,” Chief Monetary Officer Lalit Malik advised BloombergQuint in an interplay.
Demand for shopper items slowed down due to a liquidity crunch within the financial system, prolonged winter season, particularly in north India, rupee depreciation and crude worth volatility.
Malik forecasts a mid- to-high single-digit quantity development within the new monetary yr on account of decrease demand.
Dabur is seeking to broaden its distribution in rural areas by extending protection to 20,000 new villages and growing its outlet rely from 1.1 million to 1.2 million, Malik Stated.
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