Dabur Enters Nigeria's Skin Care and Household products market

Dabur India CEO Sunil Duggal : Nigeria Skin Care Market
Dabur India Ltd has started operations in Nigeria. The company told that the facility in Nigeria will manufacture toothpastes for the African market. Mr. Sunil Duggal said that Nigeria is the fastest growing market for the company. Dabur has invested nearly 4 million USD to setup the facility in Nigeria.

Dabur will also use its Nigerian facility for manufacturing of Skin Care and Household products. The demand for FMCG goods is rising in Nigeria. Dabur has setup the facility under African Consumer Care Limited which is a subsidiary of Dabur International Limited.

Dabur is offering good quality products with quality control. The manufacturing base is with highly hygienic production environment.

Mr. Sunil Duggal, CEO, Dabur India said, "We have already seen our business in Nigeria triple during the July-September quarter of 2007. Nigeria is today one of the fastest growing overseas markets for Dabur."

The stock went down by 6.7% as the Indian Stock markets witnessed a sell-off in the last one hour of trade. Dabur is looking good at current levels as per analyst recommendations.