Dabur India Makes New High Record; M-cap Crosses 1Tn

Dabur India ventures the elite club of companies after making 1-trillion market capitalization (market-cap) on the BSE. Post this, the company’s share price rocketed 1.6 percent to a fresh high of 569.20 in intra-day trade, today, in an otherwise week market. However, the stock has surpassed its previous target of 566 that was attained on April 9, 2021.

With the m-cap of Rs 1.00 trillion, at 12:05 pm, Dabur India held 38th position in the overall market-cap ranking, according to the BSE data. Conversely, the S&P BSE Sensex was down 0.59 percent at 48,259 points. In March 2021, Dabur India's stock rallied eight percent, opposite four percent declined in the benchmark index.

Dabur has evolved to be one of the world’s largest Ayurvedic and Natural Health Care Company. Its Indian FMCG portfolio today includes eight distinct Power Brands: Dabur Honey, Dabur Honitus, Dabur Chyawanprash, Dabur PudinHara and Dabur Lal Tail in the Healthcare space; Dabur Red Paste and Dabur Amla in the Personal care category; and Real in the Foods category.

Furthermore, the company has announced in January that it would continue to move forward on the growth track, relying on sustained efforts in accelerating the demand for its ayurvedic healthcare and personal care product.

Dabur India's FMCG business has witnessed a 19.5 percent surge, with an underlying FMCG volume growth of 18.1 percent in the third quarter of 2020-21 (Q3FY21).

The company has also shown agility in the overall execution of its tactic in the last few quarters, that has aided it in delivering ahead-of-the-market growth. The company is also planning to continue to gain market share across its domestic core portfolio through its focused power brands strategy, aggressive above-the-line spends (ATL) and innovation across portfolio, improvement in its distribution reach.

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