Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dabur Enters Sri Lanka; Sets up new beverage venture
Dabur India has forayed into the beverages category in Sri Lanka by setting up of an
overseas subsidiary – Dabur Lanka (Pvt.) Ltd. The company has signed an agreement with
the Board of Investment of Sri Lanka to establish this venture.
About the venture: Dabur will invest `70cr to set up a new export-oriented manufacturing
facility for producing a range of fruit-based beverages in Gampaha, north of Colombo.
According to the management, the new manufacturing facility will have a production
capacity of 2.8 lakh cases of fruit-based beverages every month and become operational
from August-September 2012. The company plans to set up the plant in over 50 acres of
land and will employ 75 personnel in the early stage and will take the strength to 200
employees by 2013-14.
Dabur’s management indicated that its fruit-based juices and beverages under the Réal
brand have been reporting strong growth and to support the underlying demand of its
products it is setting up this new facility. Dabur is the leader in the fruit juice category with
52% market share in India.
In addition to the company’s presence in Nepal and Bangladesh, a facility in Sri Lanka
would aid in heightened strength of the company in SAARC region. The company also has
operations in Dubai, Ras-al-Khaimah, Nigeria, Egypt and Turkey.
We have not factored the venture in our revenue and earnings estimates and wait for
further clarity. At the CMP, the stock is trading at 22.2x FY2013E EPS. We maintain our
Accumulate view on the stock with a target price of `115.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dabur Enters Sri Lanka; Sets up new beverage venture
Dabur India has forayed into the beverages category in Sri Lanka by setting up of an
overseas subsidiary – Dabur Lanka (Pvt.) Ltd. The company has signed an agreement with
the Board of Investment of Sri Lanka to establish this venture.
About the venture: Dabur will invest `70cr to set up a new export-oriented manufacturing
facility for producing a range of fruit-based beverages in Gampaha, north of Colombo.
According to the management, the new manufacturing facility will have a production
capacity of 2.8 lakh cases of fruit-based beverages every month and become operational
from August-September 2012. The company plans to set up the plant in over 50 acres of
land and will employ 75 personnel in the early stage and will take the strength to 200
employees by 2013-14.
Dabur’s management indicated that its fruit-based juices and beverages under the Réal
brand have been reporting strong growth and to support the underlying demand of its
products it is setting up this new facility. Dabur is the leader in the fruit juice category with
52% market share in India.
In addition to the company’s presence in Nepal and Bangladesh, a facility in Sri Lanka
would aid in heightened strength of the company in SAARC region. The company also has
operations in Dubai, Ras-al-Khaimah, Nigeria, Egypt and Turkey.
We have not factored the venture in our revenue and earnings estimates and wait for
further clarity. At the CMP, the stock is trading at 22.2x FY2013E EPS. We maintain our
Accumulate view on the stock with a target price of `115.
No comments:
Post a Comment