Dabur plans Rs. 350-crore capex for this fiscal.

Dabur has decided to invest a record Rs. 350 crore on capacity expansion this fiscal as the maker of Vatika shampoo and Real juices expects the consumer market to come out of a slowdown over the next two quarters.

'We expect the sector to recover ahead of the curve... these investments are in expectation of early recovery,' Dabur CEO Sunil Duggal told investors recently.

It will set up a plant in Punjab for juices, and one each in Tunisia, South Africa and Myanmar for personal care products. Analysts see this as an indication of recovery over the next few quarters, riding on robust earnings in the March quarter. Dabur's net profit and sales grew 17% and 15%, respectively, in the March quarter, in line with street expectations.

TOI