Dabur targets Rs 4,000 crore sales by '09-10

Eyeing a Rs 4,000 crore turnover by 2009-10, homegrown FMCG major Dabur India today said it would invest Rs 100 crore for ramping up capacity at its Uttaranchal facility and was looking to set up a manufacturing unit in the north-east region.

"We are planning to invest Rs 100 crore over the next two-three years for expanding this facility further. Of this, Rs 50 crore will be invested in the next financial year," Dabur India CEO Sunil Duggal said.

Dabur India, which expects revenues of about Rs 2,000 crore this financial year, is looking to double this by 2009-10.

"We are close to Rs 2,000 crore, and will be close to doubling it "" both through organic and inorganic growth "" by 2009-10," he said.

On the company's acquisition plans, Duggal said, "We have an inorganic growth strategy in place to acquire businesses and brands that provide good strategic fit and synergies." He, however, declined to give further details.

The company also plans to augment its product profile in the coming years. "We will be launching new soaps, shampoos and healthcare supplements during the next financial year," Duggal said. Besides, the company is also looking at relaunching the Promise brand of Balsara.

The Uttaranchal facility has been a big growth driver for the company, generating revenues of over Rs 500 crore in 18 months of its inception.

The company expects to double the manufacturing facility's turnover to Rs 1,000 crore in the two-three years, he said.

Duggal said Dabur plans to expand the existing unit by adding products such as shampoos, oral care range and glucose.