Amit Burman named Chairman Dabur India
Mohit Burman was named Vice Chairman and Aditya Burman has been inducted as a non-executive additional director on the company’s board
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Published: Jul 19, 2019 3:55 PM | 1 min read
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Dabur India Ltd’s Board of Directors have approved the appointment of Amit Burman as the Chairman of the company, according to media reports. Burman, the son of late Gyan C Burman, replaces Anand C Burman, who stepped down as Director and Chairman of the company.
The Board also approved the appointment of Mohit Burman as the Vice Chairman and the induction of Aditya Burman as a non-executive additional director on the board.
The board also announced that Dabur’s former Chief Executive Officer Sunil Duggal has resigned from the board.
The FMCG major, which announced its financials for Q1FY20 today, reportedly posted a 10.3% increase in consolidated net revenue to Rs 363 crore for the first quarter of the financial year 2019-20 ending June 30, 2019. Dabur’s standalone India revenue for the quarter grew by 10.5% at Rs 1,628 crore in Q1 of 2019-20, while standalone net profit was up 11.8% to Rs 258 crore. The domestic FMCG business reported volume growth of 9.6% during the quarter.
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