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Dabur food projects its sales turnover of Rs 500 cr in 3 years

Mumbai, Feb 22 (UNI) Dabur Foods has projected to achieve its sales turnover of Rs 500 crore within a period of three years from now.

Talking to mediapersons on the sidelines of announcement of relaunch of his company's flagship brand 'Real' here today, the CEO of Dabur Foods, Amit Burman, said ''we have already crossed the mark of Rs 210 crore with a market share of 57 per cent so far and we are all set to achieve Rs 500 crore mark by the end of 2009-10. Though agreeing to the fact that his company was a loss making one at the time of its inception, Mr Burman stressed that ''Now we have paid all our accumulated losses.'' The company, which is celebrating 10 years of its inception this year, has already lined a hosts of products in the market under various segments like 'Real', 'Activ' and 'Coolers'.

However, he said that as the market was growing faster, when compared to the fruit juice segment, in the fruit drink segment, we want to expand our base in it. Currently, the company's share in the fruit drink segment is limited to the brand 'Coolers' which is available in its four variants including Aampani, Rose Litchi, Watermelon Mint and Lemon Barley.

Company's General Manager, sales and marketing, Sanjay Sharma, said 'Real' is being launched with a new logo and design in order to refresh its brand identity. Asked to comment about his company's future plans, Mr Sharma said ''For Real we plan to obtain a sharper position versus the drinks segment, sustain largest variant range and strengthen appeal through relevant launches.'' We also plan to strengthen 'Health' associations with the endorsement of PFNDAI (Protein Food and Nutrition Development Association of India) and American Soyabean Association.'' UNI

Wockhardt's net up 20 pc at Rs 87 cr

Mumbai, Feb 22 (UNI) Pharmaceutical and biotechnology major Wockhardt today reported a 20 per cent increase in net profit at Rs 87 crore for the fourth quarter ended December 31, 2006. The company said its consolidated sales, at Rs 526 crore, showed a 44 per cent growth over the corresponding quarter of 2005. The board of directors at a meeting here recommended a dividend of 100 per cent, subject to shareholders' approval, the company said in a statement. '' It.....

Rupee opens low at 44.24/25 Vs USD

Mumbai, Feb 22 (UNI) Rupee opened low at 44.24/25 against US dollar compared to 44.18/19 on the previous day's close, due to weaker Asian currencies and refiners buying of dollars for oil payments. Traders said sentiment was also weighed down by prospect of another bout of suspected Central Bank intervention, with investors wary of building short positions in the dollar. Later, the partially convertible rupee was at 44.28/29, weaker than Wednesday's close of 44.18/19 on moderate purchased of dollar by.....

Gujarat Ambuja Cements - Updates on Scheme of Amalgamation

Mumbai, Feb 22 (UNI) Gujarat Ambuja Cements Ltd has received the Order passed by the Gujarat Court approving the amalgamation of Indo-Nippon Special Cements Ltd (INSCL) with the Company, with effect from July 1, 2005, in terms of the Scheme of Amalgamation already filed. The Company has filed the requisite form No 21 with the Registrar of Companies, Gujarat in accordance with the provisions of the law. Since INSCL was a wholly-owned subsidiary Company, no further shares have been issued by.....
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