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India Equity Research Reports, IPO and Stock News
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* The company would target to achieve mid teen revenue growth target for
the next three years.
* The key determinants of growth would be continued strong GDP growth
and rural growth
* The company would look to protect its overall EBITDA margins of 19%,
21% for international operations and 18% for domestic operations in the
long run.
* Ad spend would continue at the rate of 13%-15% of sales depending
upon new launches. 70% of the selling and distribution spend is on media
of which 70% is on television advertisement.
* The criteria for selecting a new product launch would be that the product
should be scaleable and the product should generate net contribution from
third year. The company believes that soaps and detergents categories
don't fit the above criteria as there is tremendous competition in these categories.
* For acquiring a brand/company, Dabur would look at the products which
can be possibility sold in the emerging markets and can be scaled up and
the acquisition should be EPS accretive in the first year.
* The disruption in sales due to the unrest in the MENA region is not significant. Sales in Egypt comprise 3% of the overall sales and the disruption
would mean a loss of 3-4 weeks of sales
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
* The company would target to achieve mid teen revenue growth target for
the next three years.
* The key determinants of growth would be continued strong GDP growth
and rural growth
* The company would look to protect its overall EBITDA margins of 19%,
21% for international operations and 18% for domestic operations in the
long run.
* Ad spend would continue at the rate of 13%-15% of sales depending
upon new launches. 70% of the selling and distribution spend is on media
of which 70% is on television advertisement.
* The criteria for selecting a new product launch would be that the product
should be scaleable and the product should generate net contribution from
third year. The company believes that soaps and detergents categories
don't fit the above criteria as there is tremendous competition in these categories.
* For acquiring a brand/company, Dabur would look at the products which
can be possibility sold in the emerging markets and can be scaled up and
the acquisition should be EPS accretive in the first year.
* The disruption in sales due to the unrest in the MENA region is not significant. Sales in Egypt comprise 3% of the overall sales and the disruption
would mean a loss of 3-4 weeks of sales
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