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Dabur hopes to double turnover

Our Bureau

NEW DELHI, Sept. 13

DABUR India Ltd, having clocked a turnover of Rs 1,042 crore for 1999-2000, hopes to double its turnover in four years' time.

Mr V.C. Burman, Chairman, Dabur India Ltd, while speaking at the company's 25th AGM here today, expressed his confidence that the company would outperform the market and double its turnover in four years.

The meeting also passed a resolution recommending a split of one share of Rs 10 of Dabur into 10 shares of Re 1. A new employee stock option scheme (ESOP) for senior managers was also approved by shareholders, according to an organisational communique.

Mr Burman said that Dabur planned to mount its traditional knowledge of Ayurveda, validated by modern research, on its Web site within a year. He added that the company had already set up an audit committee, a shareholders' and investors' grievances comm ittee and a compensation committee.

Outlining the areas of growth in the company, he said that Dabur would use the Net for B2B and B2C transactions. On the R&D front, he said that Dabur had entered into development of new chemical entities and new drug delivery systems. New products from p ersonal and health care divisions are also slated for launch this year.