Mohit Burman, the newly appointed chairman of Dabur India, said that the COVID 19 pandemic, supply chain disruptions and changing geopolitical landscapes have resulted in unprecedented crises for the Indian economy. Burman said in his maiden AGM speech today that crises that have emerged in the past two and half years have aggravated the business environment.
Mohit Burman, who took over as the non-executive chairman of the fast moving consumer goods major yesterday from his cousin Amit, highlighted the need for close monitoring of the changing landscape for businesses.
The economies are facing one crisis after another in the past, and these are some of the rarest times in history. The second wave of the COVID 19 pandemic was seen in the beginning of the 2021 -- 22 fiscal year. As we slowly recovered from the aftermath of COVID, the world was hit by a crisis of high inflation, which was further exacerbated by the recent geopolitical events, including the Ukraine war, said Burman.
According to him, Dabur India successfully managed to beat the menace of inflation last year and posted the highest topline growth in eight years. Two of its brands - Meswak and R al Drinks - turned over 100 crore brands during 2021 -- 22. The company now owns 14 brands with an individual turnover of over 100 Crore. Two of its brands have over 500 crore yearly sales, while four brands have a yearly turnover above 1,000 crore.
The recent months and quarters have seen a surge in inflation, which has hurt consumer sentiments. He said that the management is closely monitoring the emerging situation and will continue to make efforts to drive demand for our brands by enhancing our rural footprint and investing behind our power brands Mohit Burman, who was active in the Burman family office and was credited with its acquisition of Eveready Industries - the Kolkata-based battery maker earlier this year.