Patanjali's entry was a blessing in disguise: Dabur India CEO Sunil Duggal

After being cornered by Patanjali and macro-headwinds, ayurveda major Dabur is pulling up its socks. With better sales and improved margins, the firm is now looking to leverage the renewed popularity of ayurveda, mostly ignited by rival Patanjali.

Sunil Duggal, chief executive officer, Dabur India, shares his plans and insights with Arnab Dutta. Edited excerpts: Dabur’s sales have improved in recent quarters. What worked for you? Towards the end 2016-17 and early 2017-18, we had our back to the wall due to a number of factors such as subdued demand, demonetisation and ...Read Full Story

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Dabur, other FMCG firms approach court over GST input tax credit

Share Market - FMCG big guns such as Dabur moved court against the denial of input tax credit relating to capital goods lying in stocks before the introduction of the goods and services tax (GST) in July last year.

The matter was being heard in the Uttarakhand high court.

But, now Dabur and other big FMCG players have filed their petitions in the matter, sources said.

Under the erstwhile tax regime, capital goods that went into the production of goods in states that used to give area-based exemptions were not given input tax credit.

However, now these goods have moved to the taxable category under the GST. Capital goods bought before July 1 last year but used for goods sold after the GST roll-out are not given input tax credit.

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HUL pads up to take on Ramdev's Patanjali

Breaking News - As Patanjali Ayurved, Baba Ramdev’s pet project to counter growing influence of the multinational corporates in the domestic consumer goods space, continues to bombard the market with new products, rivals are gearing up to throw a tough challenge to the challenger. 

Hindustan Unilever (HUL), the largest Fast moving consumer goods (FMCG) firm in the country is latest to join the battle. The FMCG major which already has a vast portfolio of personal care brands — from shampoos and anti-aging creams to toothpastes and deodorants — is set to enter Baba’s den with mass market herbal-natural portfolio. And to counter the surging tide of herbal-natural products in the country, led by Patanjali, HUL is banking on an old horse from its stable–Lever Ayush. It plans to launch a range of personal care products, priced between Rs 30 and Rs 130, under the brand.

Once launched, the range will directly compete with Patanjali’s personal care products that are priced below its competitors’. It has a wide range of such products – from face pack, face wash and winter creams to shaving gel, body lotion and lip balm. According to Ramdev, its current supply fails to feed the market demand and the firm is thus coming up with new manufacturing facilities across the country to meet growing demand.(Read More)