Dabur to open 350 retail stores at Rs 140cr outlay by 2010

Saturday, March 17, 2007, 20:45 [IST]

New Delhi, Mar 13 (UNI) Dabur India Ltd today announced its foray into the domestic organised health and beauty retail space with a chain of 350 stores entailing an outlay of Rs 140 crore by 2010.

The company said it will enter the retail space through a wholly-owned subsidiary, H&B Stores Ltd, which is still under incorporation.

''Retail is the next big focus area for Dabur India. H&B Stores Ltd plans to set up 350 retail stores across India in five years and expand it to over 1,000 stores by its tenth year of operation,'' company Chairman V C Burman said.

Dabur India's Board has approved the proposed retail venture. The company is targeting Rs 1,700 crore revenue in five years from the initiative.

''H&B stores expects to start generating profits by the fourth year of operations with revenues exceeding Rs 1,000 crore,'' Dabur India Chief Executive Officer Sunil Duggal said.

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Topics: RETAIL-DABUR-FORAY

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