ICRA has reaffirmed the rating assigned to the Rs 15.0 crore Non-Convertible Debenture (NCD) programme of Dabur India (DIL) at ‘AAA’. The outlook on the rating assigned is stable. The rating reaffirmation takes into account DIL’s strong liquidity position, its low net-debt (adjusting for cash and liquid investments), and its robust operating performance marked by consistent growth in its operating income and healthy operating profitability.
Further, the rating continues to derive strengths from DIL’s position as one of the leading companies in the domestic fast moving consumer goods (FMCG) segment, its well established brands in the ayurvedic/herbal category and significant market share across majority of its products in its portfolio.
DIL ranks amongst the top four companies in the FMCG space in terms of revenues and market capitalization.DIL has business interests in Healthcare, Personal care and Food products.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2241.10 |
| Godrej Consumer Prod | 1108.20 |
| Dabur India | 442.10 |
| Colgate Palmol. (I) | 2106.20 |
| P&G Hygiene | 10006.55 |
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