A Winning Blend of Traditional and Trendy
Herbal products might be all the rage these days, but even that won't sell old grandma's remedies to India's young, trendy consumers. No. 33 on our list and one of India's oldest consumer-product companies, Dabur India has found the perfect solution—introducing the herbal element into modern items such as shampoos and skin-care products. It seems to be working. Profits for the fiscal year ended March, 2006, were up more than 27%, to $50 million, on revenues of $418.3 million. The stock, meanwhile, has shot up 79% over the past year.Brand-building is one of Dabur's strengths. Its Vatika hair oil is a best-seller in India. And Dabur's 10-year-old Real fruit juice line commands a 57% market share, according to AC Nielsen figures—way ahead of Pepsico's () Tropicana. Looks like Dabur has whipped up a herbal potion for continued growth.
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