The company seem to be doing everything right but still topline doesn’t seem to grow much. Last 2-4 years, Tata have grown foods/Sampann business tremendously, Marico has grown foods/Saffola business decently, Godrej has done fairly well in shaping their innovation product line ups etc. but Dabur doesnt seem to have developed any key category at an eye catching growth rate to understand next growth levers of the company. It seems to be pretty happy with the categories and product lines it already has - something like an HUL and happy with the slow & steady growth with no new big triggers…again correct me if wrong…
Lastly any insights into NEWU - the retail venture of dabur in the high growth beauty products segment. They never speak about this part then why they have ventured into it is not clear. What is growth/profit outlook and long term targets for this retail venture?
Disc: Invested since long as part of core portfolio hence critical & biased. Not a buy/sell recommendation. Post only for learning purposes.
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